Investor Presentaiton
ENN 新奥
Favorable Industry Policies
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Chinese Economy Structural Reform
50.5% of GDP attributable to tertiary industry in 2015, up 2.4 ppt
Urbanization Progress
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Target to increase urbanized population to 60% in 2020 from 55% currently
Establish an Ecologically-balanced Society
China committed to achieve CO2 emission peak by 2030, CO2 emissions per
unit GDP reduce by 60-65% compared with 2005
400,000 steam tonnes of coal-fired boilers should be phased out by 2018,
112 billion m³ of natural gas needed for "coal-to-gas" projects by 2020
NEA expected gas penetration to increase to 10% in 2020 and 15% in 2030
Carbon trading shall cover industries contributing 50% of total carbon
emission by 2017
Nation-wide Fuels Upgrade and Pricing Adjustment
The State Council required nationwide application of National Standard V
gasoline and diesel by Jan 17, one year earlier than the previous plan of Jan 18
No further downward adjustment on gasoline and diesel prices when oil price
drops below $40/barrel
Natural Gas
6%
Renewable
12%
Crude
18%
2015
Primary Energy Mix
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Natural gas will remain competitive as a cleaner energy source
Coal
64%
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