China and Japan Energy Experts Take Pulse Energy Market

On December 16, the fifth oil research results exchange meeting jointly organized by the China National Petroleum Corporation’s Institute of Economics and Technology and the Japan Institute of Energy Economics was held in Beijing.

The energy experts from China and Japan conducted extensive discussions on the trend of energy markets in China and Japan and the development trends of energy in Asia and the world, and made suggestions.

China’s energy experts believe that China needs to further optimize the price structure of gasoline and diesel, and the reform of the price mechanism of gasoline and diesel should be supported by more differentiated taxes and fees. At the same time, it advocates high efficiency and economical use of energy in the whole society. In response to China's rapidly developing natural gas market, Chinese energy experts have called for the establishment of a liquefied natural gas trading market in northeast Asia to increase their right to speak and maintain the stability of LNG supply in Northeast Asia and achieve mutual benefit and win-win results.

Japanese energy experts said that the efficient use of fossil fuels and the expansion of the use of renewable energy to achieve energy savings. In response to the impact of the accident at the Fukushima nuclear power plant on world energy development and carbon dioxide emissions, Japanese energy experts put forward some ideas for the direction of nuclear power policy.

The sixth oil market research results exchange meeting will be held in Tokyo, Japan next year.

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