3. Trend of Energy Development

According to the basic law of energy development, the world energy is entering a new stage of the third conversion of from coal, oil and gas to new energy, and a new structure of “four major components” including oil, natural gas, coal and new energy is forming (Fig. 3.1) (Zou et al in Natural Gas Industry 36(1): 1–10, 2016; Zou in Journal of Beijing Petroleum Managers Training Institute 25(4): 3–15, 2018). Faced with the objective condition of China’s oil and gas resource endowment and the severe challenges, it is necessary to set the safe peak value of oil and gas consumption and maintain the external dependence of oil and gas within a scientific and safe upper limit. Take natural gas and new energy as the biggest strategic choice of China’s energy revolution, accelerate the development of natural gas, coal gas, hydrate and hydrogen, accelerate the clean utilization of coal and low cost of new energy to achieve the “two large scale production” ahead of schedule, accelerate the transition of energy structure from energy dominated by coal to “three major components” consisting of coal, oil and gas, new energy. China’s large oil companies are responsible for making good top-level design of the industrial structure transition, conducting energy foresight and guidance research, pushing “three greater leap” such as from conventional oil and gas to unconventional, from domestic oil and gas to foreign countries, from oil and gas industry to the new energy. The goal to achieve is to change the international oil company to the international energy company and to ensure the security of national energy supply.