Energy supply uncertainties can be effectively addressed with a comprehensive 
national energy policy that stresses energy efficiency, renewable energy and a 
more market oriented oil and gas sector, according to a report released by the 
Development Research Center of the State Council. 
China should more aggressively promote energy efficiency and 
commercialization of its national oil and gas companies by opening the sector to 
international oil companies. This will attract investment and needed new 
technologies, said the report. 
The country should clarify the security-enhancing roles of both international 
and national companies. This could lead to the creation of a market-oriented, 
multi-source, robust national energy economy that would provide an important 
basis for security of supply, the report said. 
The "right mix" of a specific security of supply measures should be selected 
according to China's needs from a suite of measures that includes: maintaining 
spare domestic production capability; protection of its import oil transport 
channels; accumulated reserves; allocation and possibly rationing systems to 
share scare supplies equitably; and close international cooperation with trading 
partners for whom secure oil supplies are essential for their economic well 
being and with energy exporters who have a similar interest in secure markets, 
the report stressed. 
Recognizing the country's interdependence in the global energy sector and 
incorporating security of supply into the country's long term strategy could be 
the first steps on the road towards a stable energy supply, which is one of the 
pillars of sustainable development for the sector and the overall economy during 
the coming decades, the report said.
China to revise energy conservation law 
China's legislature is studying how to revise the country's energy 
conservation law to meet the goals of both economic development and energy 
conservation, a senior Chinese legislator said here Monday. 
Li Tieying, vice-chairman of the National People's Congress (NPC) Standing 
Committee, said that the current energy conservation law no longer meets the 
country's development needs. 
Li said that changing the focus of economic development from energy and 
resources consumption to energy saving will have a profound effect on relations 
between people, society and nature. 
The NPC Standing Committee enacted the Energy Conservation Law of China in 
November 1997. It governs the administration of energy, the proper use of energy 
resources, promotion of energy-saving technology and protection of the 
environment. 
Research into the effectiveness and enforcement of the law is being conducted 
by the NPC Standing Committee, he said. 
The NPC Standing Committee also wants to revise the Energy Conservation Law 
to secure a strong legal framework for building an energy-saving society, he 
said. 
Li called for the law and policies to encourage economic growth and energy 
conservation, noting that economic development that features high energy 
consumption which results in serious pollution and waste is not sustainable. 
Li made the remarks at a seminar on energy conservation and legislation. 
Li noted that development can not only be concerned with the growth of the 
GDP, it must also be in harmony with nature.