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China’s ‘new-energy plus electrification’ strategy forms buffer against crude supply shocks

2026-05-18 09:24   环球时报网英文版

  In Iraq, the Halfaya oilfield project, led by CNPC together with Malaysia"s Petronas and France"s Total, shows another model. Rather than seeking full control, the Chinese side formed an international joint operating body, integrating Chinese technology, services, and manufacturing capacity. It achieved the fastest and best execution among all peer projects in Iraq, becoming a model for post-war reconstruction.

  During the massive blackout in Spain last year, European peers frequently asked Chinese experts a question: "With China adding over 430 million kilowatts of wind and solar capacity in a single year - more than coal - how do you keep the grid so stable?"

  A senior expert in China"s power system told the Global Times on Friday on condition of anonymity that China"s answer lies in using coal-fired power for peak shaving and leveraging energy storage facilities.

  "Like a cow with multiple stomachs, when renewable energy is abundant, we store the excess; when renewables dip, we release from storage and ramp up coal-fired power," the expert said, noting that China is willing to share its experience in stabilizing grids and lowering costs, while remaining open to learning from others.

  "Although countries may have differences over specific technical pathways, the overall trend is one of cooperation and exchanges," the expert emphasized. "China has lowered the barrier to global green transition through its technological contributions. We are willing to share "China"s experience" in stabilizing power grids and reducing costs, while always maintaining an attitude of mutual learning."

  "Chinese economic survivability has inspired many Asian developing nations, especially Pakistan, to insulate its economy against oil shocks," Khan said.

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