China Drying Network News China International Petroleum and Chemical Congress International petrochemical market outlook will be held in Tianjin. Participants analyzed and predicted the market prospects of oil and gas exploration, coal chemical and other fields. Zhou Shizhou, director of energy at IHS Group in Cambridge, said that due to high oil and gas prices, global oil and gas exploration and development have been particularly active in the last decade or so. The annual expenditure on oil and gas exploration and development has increased from 200 billion U.S. dollars in 2003 to the current 700 billion U.S. dollars. It is expected that the future It will continue to increase and it is expected to reach 1 trillion US dollars by 2016. Such large-scale investment is rare in other industries. According to IHS forecasts, capital expenditures for offshore oil and gas exploration and development will increase by 58% on the basis of this year, and land investment will increase by 39% in the next four years. Zhou Xizhou analyzed that the effect of oil and gas investment will generally appear after a few years. Future oil and gas production will continue to increase. In recent years, the newly-proven natural gas reserves in the world have been rising. If the globally discovered reserves with more than 1 trillion cubic feet of gas reserves (excluding unconventional natural gas) are counted, they can be used by China for two years. Three hundred years. With the substantial increase in natural gas supply in the future, prices will also change accordingly, and related industries should pay special attention. Mark Elamamo, vice president of chemical research and analysis at IHS Group, pointed out that shale gas development has boosted the renaissance of the North American petrochemical industry and future downstream investment will increase. This sign has now appeared. Tony Porter, director of the company's Dubai office, emphasized that the impact of the cost advantage of cheap ethane in the Middle East on the surrounding areas remains unresolved. The development of coal chemical industry in China has attracted the attention of the participants. Hu Qianlin, deputy secretary-general of the China Petroleum and Chemical Industry Federation, said that during the “12th Five-Year Plan†period, the development of coal chemical industry will focus on upgrading and demonstration, and production capacity will not increase substantially. Ricardo Diesel Generator,Power Generator Set,Power Generator Launtop M And E Co., Ltd. , http://www.fjgasolineengine.com