Abstract

Oil and gas resources are the important strategic resources directly concerned with socioeconomic development and national energy security. It is inevitable for China to ensure continuous supply of oil and gas resources for modernization drive. Since China became a net importer for oil in 1993, its crude oil consumption has been increasing by 5.77% annually and China has become the second largest oil consumption country in the world, under the economic globalization, the participating countries compete and share the global oil and gas resources by importing oil and gas to cover the shortage of oil and gas, which has been greatly promoting our national economic development. But the strategy for oil import is limited by many circumstances, as a big power, China has to adhere to the principle of giving priority to development of the domestic oil and gas resources to maintain and increase its self-sufficiency rate as the economic growth so as to maintain independence in terms of politics and diplomacy and safe guard national interests, based on which, we should further exploit overseas market of oil and gas resources to take opportunity to import the oil and gas from overseas to protect domestic oil and gas resources and maintain high speed growth of national economy and maximize the national interests.