DISCUSSION ON THE POTENTIAL AND STRATEGY OF HYDROCARBON RESOURCES IN CHINA

With China's economic development,the consumption of petroleum and gas is increasing.China has become the second largest country for oil and gas consumption in the world.With 40% of oil imported from overseas, the oil reserves and products in China is not enough to meet the needs of this country s modernization.Thus the strategy for the exploration of potential oil and gas resources for China in the 21st century should be:developing more gas industries,expanding international oil market,sharing worldwide oil resources,enlarging the reserves of old oil fields and raising the utilization efficiency of energy.