Thoughts on Development of China's Oil and Gas Industry under "Dual Carbon" Goals

Under the "dual carbon" goals, the oil & gas industry faces the dual mission of ensuring energy supply and green and low-carbon development. In this paper it analyzes the new trends and requirements faced by the oil and gas industry under the global energy transition trends, and puts forward the development path of China's oil & gas industry under the "dual carbon" goal. The first is to unswervingly continue to increase exploration and development to ensure the supply security of the country's core oil and gas needs; the second is to increase energy-saving and carbon reduction transformation in the oil and gas production process, and strive to achieve green and low-carbon development; the third is to promote the coordinated development of oil and gas and new energy such as wind and solar power, and realize the integration and mutual promotion of oil and gas and new energy; the fourth is to actively expand the symbiotic and associated resources to create new business growth poles; the fifth is to vigorously develop the CCUS industry and play its role in the implementation of the "dual carbon" goal.