Top world energy consumer China is expected to double output of oil and gas to nearly 700 million tonnes of oil equivalent by 2030 as available resources rise, the Ministry of Land and Resources said on Wednesday. Decades of breakneck economic growth pushed China ahead of the United States to become the world’s top net oil importer in September, the U.S. Energy Information Administration (EIA) has said, a position China is set to keep through 2014. With energy demand still increasing, Beijing is desperate to reduce the risk of growing import dependency by raising domestic production as quickly as it can. China’s oil and gas production in 2013 rose 4.6 percent from the previous year to 320 million tonnes of oil equivalent, the land ministry said on its website (www.mlr.gov.cn). Of the total, oil […]