The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective

Abstract Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work, the calculation...

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Autores principales:	Zhao-Yang Kong, Xiu-Cheng Dong, Qian Shao, Xin Wan, Da-Lin Tang, Gui-Xian Liu
Formato:	article
Lenguaje:	EN
Publicado:	KeAi Communications Co., Ltd. 2016
Materias:	EROI Oil and gas extraction Imported oil Imported natural gas China Science Q Petrology QE420-499
Acceso en línea:	https://doaj.org/article/70853870d05f467895cb1ad03bc86a4f
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spelling	oai:doaj.org-article:70853870d05f467895cb1ad03bc86a4f2021-12-02T00:38:20ZThe potential of domestic production and imports of oil and gas in China: an energy return on investment perspective10.1007/s12182-016-0120-71672-51071995-8226https://doaj.org/article/70853870d05f467895cb1ad03bc86a4f2016-10-01T00:00:00Zhttp://link.springer.com/article/10.1007/s12182-016-0120-7https://doaj.org/toc/1672-5107https://doaj.org/toc/1995-8226Abstract Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work, the calculation was done by using the energy return on investment (EROI) method. The results showed that the EROIstnd (i.e., standard EROI) of China’s oil and gas extraction decreased from approximately 17.3:1 in 1986 to 8.4:1 in 2003, but it increased to 12.2:1 in 2013. From a company-level perspective, the EROIstnd differed for different companies and was in the range of (8–12):1. The EROI2,d (EROI considering energy outputs after processed and direct energy inputs) for different companies was in the range of (3–7):1. The EROI of imported oil (EROIIO) declined from 14.8:1 in 1998 to approximately 4.8:1 in 2014, and the EROI of imported natural gas (EROIING) declined from 16.7:1 in 2009 to 8.6:1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.Zhao-Yang KongXiu-Cheng DongQian ShaoXin WanDa-Lin TangGui-Xian LiuKeAi Communications Co., Ltd.articleEROIOil and gas extractionImported oilImported natural gasChinaScienceQPetrologyQE420-499ENPetroleum Science, Vol 13, Iss 4, Pp 788-804 (2016)
institution	DOAJ
collection	DOAJ
language	EN
topic	EROI Oil and gas extraction Imported oil Imported natural gas China Science Q Petrology QE420-499
spellingShingle	EROI Oil and gas extraction Imported oil Imported natural gas China Science Q Petrology QE420-499 Zhao-Yang Kong Xiu-Cheng Dong Qian Shao Xin Wan Da-Lin Tang Gui-Xian Liu The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
description	Abstract Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work, the calculation was done by using the energy return on investment (EROI) method. The results showed that the EROIstnd (i.e., standard EROI) of China’s oil and gas extraction decreased from approximately 17.3:1 in 1986 to 8.4:1 in 2003, but it increased to 12.2:1 in 2013. From a company-level perspective, the EROIstnd differed for different companies and was in the range of (8–12):1. The EROI2,d (EROI considering energy outputs after processed and direct energy inputs) for different companies was in the range of (3–7):1. The EROI of imported oil (EROIIO) declined from 14.8:1 in 1998 to approximately 4.8:1 in 2014, and the EROI of imported natural gas (EROIING) declined from 16.7:1 in 2009 to 8.6:1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.
format	article
author	Zhao-Yang Kong Xiu-Cheng Dong Qian Shao Xin Wan Da-Lin Tang Gui-Xian Liu
author_facet	Zhao-Yang Kong Xiu-Cheng Dong Qian Shao Xin Wan Da-Lin Tang Gui-Xian Liu
author_sort	Zhao-Yang Kong
title	The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
title_short	The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
title_full	The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
title_fullStr	The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
title_full_unstemmed	The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective
title_sort	potential of domestic production and imports of oil and gas in china: an energy return on investment perspective
publisher	KeAi Communications Co., Ltd.
publishDate	2016
url	https://doaj.org/article/70853870d05f467895cb1ad03bc86a4f
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_version_	1718403560705622016

The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective

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