Introduction

China's blistering economic growth has made access to adequate energy supplies an increasingly important priority. It is the world's second largest consumer and third largest producer of primary energy. From 2000 to 2005, China's energy consumption rose by 60 percent, accounting for almost half of the growth in world energy consumption. The country is able to meet more than 90 percent of its energy needs with domestic supplies-largely because of abundant coal reserves and a coal-based economy. However, it imports almost half of the oil it consumes. Self-sufficient in oil as ...