On August 24, 2026, the front page of People's Daily published an in-depth report titled "The Rice Bowl of Energy Must Be in Our Own Hands - Observations on Building an Energy Strong Country". The Middle East conflict continues to drag on, and global energy market volatility intensifies. However, China has delivered a completely different answer - overall balance of energy supply and demand, and overall stability of prices. In the first half of this year, the increase in energy prices in China was significantly lower than that of most major economies, and the comprehensive energy production capacity during the 15th Five Year Plan period will reach 5.8 billion tons of standard coal. From Shengli Oilfield to Ningdong in Ningxia, from Qingdao Port to Yulin Coal Mine, China is building a solid foundation for energy security with systematic layout and bottom line thinking.

A drop of oil reflects bottom line thinking

In the Huangdao Oil Port Area of Qingdao Port in Shandong Province, giant ships frequently dock at the 300000 ton wharf, continuously transporting crude oil into nearby storage tank areas. Faced with the changing situation in the Middle East, import companies have long been prepared to strengthen energy cooperation with countries such as Brazil and Canada, and their business has not been significantly impacted. In recent years, Qingdao Port has built multiple berths, doubled the capacity of the tank area, and further improved its guarantee capacity after optimizing production organization. To increase production internally, Shengli Oilfield has utilized globally leading carbon capture, utilization, and storage technologies, resulting in a significant increase in daily oil production from 220 tons to over 500 tons per block. In the past three years, the annual oil production of Shengli Oilfield has steadily increased, reaching a new high of 23.711 million tons last year. The President of the Economic and Technological Research Institute of China Petroleum Group introduced that in the past 10 years, China has actively laid out overseas oil and gas cooperation, and built four major cross-border oil and gas energy channels, namely the Northwest, Northeast, and Southwest continental passages and the Eastern offshore passage, effectively eliminating the risk of a single channel.

A network contains systematic thinking

Ningxia Ningdong Energy and Chemical Industry Base, Baofeng Energy Innovation adopts wind solar energy storage green electricity to produce green hydrogen, coupled with modern coal chemical industry, to achieve hydrogen for coal exchange and source carbon reduction. On the edge of the Maowusu Desert east of Ningdong, 120000 acres of photovoltaic panels form the second batch of large-scale wind and photovoltaic bases in Shagehuang, and the annual power generation is all exported to Zhejiang. As of the end of June 2026, the proportion of new energy installed capacity in Ningxia reached 65.44%, becoming the largest power source. In June, Ningxia achieved its first medium - to long-term export of green electricity to Fujian, with 21 provinces receiving such power. China has the world's largest and most advanced ultra long distance power transmission network, with high-speed operation of the West East Power Transmission, supporting 1/5 of the electricity demand in the eastern and central regions; The West East Gas Pipeline Project has been put into operation one after another, with a natural gas pipeline transmission capacity exceeding 400 billion cubic meters. Keywords: strategic news and information, macro, oil and gas, energy

A piece of coal confirms dialectical thinking

Yulin, Shaanxi Province, the annual production capacity of Shendong Coal Jinjie Coal Mine under the National Energy Group is 18 million tons, with approximately 20000 tons of coal transported to the power plant every day. Since the beginning of this year, Shaanxi coal enterprises have signed a total of 224 million tons of medium and long-term contracts for electricity coal, covering more than 20 provinces in terms of supply guarantee. As of August 13th, the coal storage of power plants nationwide has exceeded 210 million tons, with 28 days of available days. Shaanxi Coal Group Yulin Chemical uses coal chemical methods to produce polyester grade ethylene glycol and electronic grade dimethyl carbonate, covering more than 40 products such as high value-added materials, battery electrolyte solvents, etc. Academicians of the CAE Member pointed out that coal is the energy with the strongest ability to stabilize the economy and self guarantee in China, and its status as the main energy will not change for a long time. China has built the world's largest clean coal-fired power supply system, with over half of the advanced coal-fired power units being supercritical and ultra supercritical. Coal fired power generation is no longer the main source of air pollutants. During the 15th Five Year Plan period, China's comprehensive energy production capacity will reach 5.8 billion tons of standard coal, further enhancing safety and resilience.Editor/Gao Xue