The energy consumption in the extraction of petroleum and natural gas in China is projected to decrease slightly from 3.71 in 2024 to 3.65 in 2028. From 2024 to 2025, there is a minor decline of 0.27%, followed by a 0.54% decrease from 2025 to 2026. A further reduction of 0.27% is anticipated in 2027. From 2027 to 2028, the decline continues at 0.54%. With a compound annual growth rate (CAGR) of around -0.41% from 2024 to 2028, this period indicates a modest contraction in energy consumption within the sector.
Future trends to monitor include advancements in efficiency technologies and China's energy policies aimed at reducing environmental impact, which could further influence energy consumption patterns in the extraction industry.
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