International Energy Executive Forum 2019
Creating a New Landscape: Global Energy and 40 Years of Reform and Opening in China
IHS Markit and CNPC ETRI are jointly presenting the International Energy Executive Forum 2019 in Beijing, China on December 13, 2018. Now in its 6th year, the Forum will address a wide range of topics concerning global energy development with top executives, government officials, and thought leaders.
2018 marks the 40th anniversary of China’s “Reform & Opening Up” policy that has transformed the Chinese economy and nation. Energy has been an indispensable part of this growth story and continues to be a critical sector as China embarks on the next phase of its economic and social development.
An open global trade system is instrumental in encouraging companies to partner with each other to achieve such growth. However, today – more than ever – there are questions regarding the sustainability of this rules-based system as geopolitics shift and create uncertainties for international trade.
From oil and gas to power and renewables, the global energy industry has gone through profound changes the past few decades. China’s role has grown substantially as it emerged as the world’s largest oil importer, second largest natural gas importer, and largest electric power system. It is also by far the biggest investor in renewable energy.
Meanwhile, oil and gas markets continue to evolve around producer and consumer dynamics, influenced by policies, politics, and markets. The march towards a more sustainable energy future appears to be accelerating as new technologies take stronger foothold in the global energy system. Companies and governments therefore face a much more complex external environment.