The pace of China’s accession to the International Energy Agency may be accelerating. At the second Global Think Tank Summit held yesterday at the "Energy Security and Nuclear Energy" Sub-forum, the Director of the International Energy Agency (IEA), Mr. Tanaka, once again invited China to join the opening ceremony the day before and said again that China's energy policy will become The global energy market is a warning factor and China should join the International Energy Agency in the future. Experts analyze that China's accession to the International Energy Agency will be of great significance to both domestic and international energy security. The IEA's entry threshold will not rule out the possibility of adjustment in the future.
"The supply of energy markets will become more and more tight, because the growth rate of demand may exceed the speed of production. Therefore, the more turbulent the world is, the more we need to strengthen cooperation." Shinobu Tanaka said at the forum that emergency measures for energy security At the top, IEA hopes to further deepen cooperation with China.
In this regard, Han Xiaoping, chief information officer of China Energy Network, believes that "as the world's largest energy consumer and the second largest oil buyer, China's huge energy demand has a certain relationship with the soaring of international oil prices. This is also the result of the existence of international speculators. One of the factors, therefore, China really should consider joining the international energy agency to participate in global governance and protect their own energy security."
Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, also believes that “China’s energy policy plays an important role in the world’s energy security and has a greater influence on the structure, choice, and price of energy in the world. Therefore, China’s accession to the International Energy Agency will It is a very right thing. It must be the result of the mutual needs of both the IEA and our country." "At present, China's oil reserve structure has basically been completed. After complying with the access conditions of the international energy agency, it is also reasonable for China to join the international energy agency," Lin Boqiang said.
However, Lin Boqiang also admitted that according to the provisions of the International Energy Agency, the strategic oil reserves of member countries must be equivalent to 90 days of imports, while China's current reserves are still only equivalent to more than 30 days, and there is still some distance from the IEA's regulations.
Industry experts said that the current situation is that the entire international oil market has undergone great changes when compared with the establishment of the International Energy Agency. The IEA is also seeking reforms and hopes to expand coverage on an existing basis. In this case, The status restrictions of the member countries of the Organisation for Economic Co-operation and Development (OECD) may be broken.
It is understood that the IEA member countries are mainly Europe, the United States, and Australia, and Asia, Japan, and South Korea are also signatories and acceding countries. The International Energy Agency established two conditions for joining the country when it was first established in 1974: First, the member countries of the OECD, and the second is to require that each member's oil contingency reserve must reach the equivalent of 90 days of net imports. Last week, the International Energy Agency announced that it would use a strategic reserve of 60 million barrels of crude oil to curb oil prices. International oil prices would then fall. The price of Brent crude oil in London's North Sea fell by more than 6%.
"The supply of energy markets will become more and more tight, because the growth rate of demand may exceed the speed of production. Therefore, the more turbulent the world is, the more we need to strengthen cooperation." Shinobu Tanaka said at the forum that emergency measures for energy security At the top, IEA hopes to further deepen cooperation with China.
In this regard, Han Xiaoping, chief information officer of China Energy Network, believes that "as the world's largest energy consumer and the second largest oil buyer, China's huge energy demand has a certain relationship with the soaring of international oil prices. This is also the result of the existence of international speculators. One of the factors, therefore, China really should consider joining the international energy agency to participate in global governance and protect their own energy security."
Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, also believes that “China’s energy policy plays an important role in the world’s energy security and has a greater influence on the structure, choice, and price of energy in the world. Therefore, China’s accession to the International Energy Agency will It is a very right thing. It must be the result of the mutual needs of both the IEA and our country." "At present, China's oil reserve structure has basically been completed. After complying with the access conditions of the international energy agency, it is also reasonable for China to join the international energy agency," Lin Boqiang said.
However, Lin Boqiang also admitted that according to the provisions of the International Energy Agency, the strategic oil reserves of member countries must be equivalent to 90 days of imports, while China's current reserves are still only equivalent to more than 30 days, and there is still some distance from the IEA's regulations.
Industry experts said that the current situation is that the entire international oil market has undergone great changes when compared with the establishment of the International Energy Agency. The IEA is also seeking reforms and hopes to expand coverage on an existing basis. In this case, The status restrictions of the member countries of the Organisation for Economic Co-operation and Development (OECD) may be broken.
It is understood that the IEA member countries are mainly Europe, the United States, and Australia, and Asia, Japan, and South Korea are also signatories and acceding countries. The International Energy Agency established two conditions for joining the country when it was first established in 1974: First, the member countries of the OECD, and the second is to require that each member's oil contingency reserve must reach the equivalent of 90 days of net imports. Last week, the International Energy Agency announced that it would use a strategic reserve of 60 million barrels of crude oil to curb oil prices. International oil prices would then fall. The price of Brent crude oil in London's North Sea fell by more than 6%.
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