In 2024, electricity consumption in the extraction of petroleum and natural gas in China is forecasted to be at 489.98 hundred million kilowatthours, showing an upward trend in subsequent years up to 2028. The year-on-year increase from 2024 to 2025 is 1.34%, from 2025 to 2026 is 1.32%, from 2026 to 2027 is 1.29%, and from 2027 to 2028 is 1.27%. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at approximately 1.31% annually. In 2023, the consumption stood slightly below 489.98, marking the commencement of this growth trajectory.

Future trends to watch for:

Technological advances in extraction could further alter electricity consumption rates.
Policy shifts toward renewable energy may influence electricity sourcing and consumption patterns.
Global market dynamics and demand fluctuations in oil and gas extraction will impact overall consumption levels.