Core Viewpoint - The report on China's oil and gas industry during the "14th Five-Year Plan" period highlights significant advancements in energy structure and production, projecting a substantial increase in natural gas output by 2030 to 300 billion cubic meters [1][4]. Group 1: Production Achievements - During the "14th Five-Year Plan," China added proven geological reserves of 700 million tons of oil and 7 trillion cubic meters of natural gas, representing growth of approximately 43% and 40% compared to the "13th Five-Year Plan" [3]. - Oil production is expected to reach between 215 million and 216 million tons by 2025, with annual increases in domestic natural gas production nearing 13 billion cubic meters [4]. Group 2: Future Energy Structure - The energy structure in the next decade is projected to show a reduction in coal, stability in oil and gas, and an increase in non-fossil energy sources, with fossil energy, hydropower, nuclear power, wind power, and solar power expected to account for 23%, 19%, 25%, and 30% respectively by 2060 [6]. - The integration of fossil and renewable energy is anticipated to foster a healthy, stable, and resilient energy system, with rapid growth in clean energy [8]. Group 3: Electricity Demand and Electrification - By 2060, China's electricity demand is expected to exceed 20 trillion kilowatt-hours, doubling from the 2025 level, with the electrification rate of end-use energy projected to reach 62%, increasing by an average of 0.9 percentage points annually [10].