The NDRC and NEA in the Petroleum and Natural Gas Development ’15th Five‑Year Plan’ call for CCUS scale industrialization and regional CCUS clusters, coordinating increased oil output with carbon reduction. The plan backs pilot low‑carbon transitions for oil‑and‑gas hubs such as Dongying and Yulin and seeks further market‑oriented, industrialized deployment of carbon‑neutral technologies. It also directs development of new underground energy storage—using depleted reservoirs, salt caverns and pi

2026-08-17

The NDRC and NEA in the Petroleum and Natural Gas Development ’15th Five‑Year Plan’ call for CCUS scale industrialization and regional CCUS clusters, coordinating increased oil output with carbon reduction. The plan backs pilot low‑carbon transitions for oil‑and‑gas hubs such as Dongying and Yulin and seeks further market‑oriented, industrialized deployment of carbon‑neutral technologies. It also directs development of new underground energy storage—using depleted reservoirs, salt caverns and pipelines—and exploration of compressed air energy storage, to pair with nearby renewable plants for capacity support and frequency/peak‑shaving services, improving regional system flexibility and stability.