China¡äs Energy Investment Maintained Rapid Growth in the First Eight Months
2025-11-14
At the quarterly regular press conference held by the National Energy Administration, Xing Yiteng, Deputy Director of the Development Planning Department of the National Energy Administration, introduced that since the beginning of 2025, energy investment in China has maintained rapid growth. In the first eight months, the completed investment in key energy projects reached 1.97 trillion yuan, a year-on-year increase of 18.2%. Overall, there are three main characteristics.
Firstly, nuclear power, power grid, new energy storage, and coal-fired power have become important forces driving investment growth in key energy projects. In the first eight months of 2025, the year-on-year growth rate of investment in new energy storage key projects in Xinjiang, Guangdong, Yunnan, Shandong, and Inner Mongolia exceeded 100%.
Secondly, we see the rapid growth of investment in wind power, modern coal chemical industry, oil and gas storage facilities, charging and swapping infrastructure, and hydrogen energy. The coal to oil and gas and coal to olefin projects under construction in Xinjiang and Inner Mongolia are steadily advancing, while the coal to gas project in Liaoning is gradually forming a physical workload. The Jilin Da¡äan Green Hydrogen Synthesis Ammonia Integration Demonstration Project has been completed and put into operation, while the Inner Mongolia 30 MW pure hydrogen gas turbine project and the Jiangsu 30 million cubic meter salt cavern hydrogen storage project have started construction.
Thirdly, we see the steady growth of investment in solar power generation, integrated source grid load storage, oil and gas exploration and development, and pumped storage. A number of integrated projects of source, network, load, and storage in Shandong, Shanxi, Gansu, and Guangxi continue to advance. Large oil and gas fields are steadily increasing their reserves and production, and the first phase of the Kenli Oilfield Group Development Project in the Bohai Sea has entered the production stage. The Red Star Shale Gas Field in Jianghan Oilfield has proven reserves of 165 billion cubic meters.
Firstly, nuclear power, power grid, new energy storage, and coal-fired power have become important forces driving investment growth in key energy projects. In the first eight months of 2025, the year-on-year growth rate of investment in new energy storage key projects in Xinjiang, Guangdong, Yunnan, Shandong, and Inner Mongolia exceeded 100%.
Secondly, we see the rapid growth of investment in wind power, modern coal chemical industry, oil and gas storage facilities, charging and swapping infrastructure, and hydrogen energy. The coal to oil and gas and coal to olefin projects under construction in Xinjiang and Inner Mongolia are steadily advancing, while the coal to gas project in Liaoning is gradually forming a physical workload. The Jilin Da¡äan Green Hydrogen Synthesis Ammonia Integration Demonstration Project has been completed and put into operation, while the Inner Mongolia 30 MW pure hydrogen gas turbine project and the Jiangsu 30 million cubic meter salt cavern hydrogen storage project have started construction.
Thirdly, we see the steady growth of investment in solar power generation, integrated source grid load storage, oil and gas exploration and development, and pumped storage. A number of integrated projects of source, network, load, and storage in Shandong, Shanxi, Gansu, and Guangxi continue to advance. Large oil and gas fields are steadily increasing their reserves and production, and the first phase of the Kenli Oilfield Group Development Project in the Bohai Sea has entered the production stage. The Red Star Shale Gas Field in Jianghan Oilfield has proven reserves of 165 billion cubic meters.