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Since the "Ninth Five-Year Plan", China's energy legislation has made significant progress. The "Coal Law," "Power Law," "Energy Conservation Law" and other laws and a large number of administrative regulations and local laws and regulations have been introduced in succession. At the beginning of this year, the Standing Committee of the National People's Congress passed the "Renewable Energy Law." The promulgation and implementation of these laws undoubtedly led China's energy development and utilization to a certain extent on the track of legal management. However, with the rapid development of China's energy industry and the rising economic demand for energy, it is imperative to formulate a complete “Energy Law†that can relatively control the overall situation.
According to reports, during the formulation of the Energy Law, China will study the energy supply and demand situation in China, learn from foreign experience, and ultimately be open, fair, and just to become a major strategic relationship that can solve energy in general. Departmental laws serve as an important basis for guiding energy development strategies.
According to another report, the "Oil and Gas Law" led by the National Development and Reform Commission's Energy Bureau plans to be issued within two years.
China's "Energy Law" began drafting the "Oil and Gas Law" within two years.
At the “The Fourth Petroleum Economic Conference of the Beijing Petroleum Institute†held on October 21st, Jiang Xinmin, a senior economist of the Energy Development Institute of the National Development and Reform Commission, revealed that Premier Wen Jiabao of the State Council recently made clear instructions and demanded that the Energy Law be studied and drafted. At present, the relevant units are teaming up to form a team.