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China's oil and gas market is the second-largest in the world, accounting for 16% of global oil consumption and 11% of global gas consumption. The country is also the sixth-largest producer of oil and gas. The Chinese government is committed to transitioning to cleaner energy sources, but oil and gas are expected to remain important components of the country's energy mix for the foreseeable future.
The Chinese government is a major purchaser of oil and gas products and services. In 2022, the government spent over USD 200 billion on oil and gas procurement. The government's procurement policies are designed to ensure that the country has a secure and reliable supply of energy.
The main oil and gas products and services procured by the Chinese government include crude oil, natural gas, refined petroleum products, and oilfield services. The government also procures a wide range of equipment and materials for the oil and gas industry.
The top authorities for China oil and gas procurement are the National Development and Reform Commission (NDRC), the Ministry of Commerce (MOFCOM), and the National Energy Administration (NEA). These authorities are responsible for setting procurement policies, overseeing procurement procedures, and approving procurement contracts.
The top winners of China oil and gas procurement are the state-owned oil and gas companies, such as China National Petroleum Corporation (CNPC), Sinopec Group, and China National Offshore Oil Corporation (CNOOC). These companies are responsible for producing and supplying oil and gas to the Chinese government.
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