Reflection on Transition of China's Oil and Gas Industry toward Green Development

The transformational development of the oil and gas industry is urgent in order to achieve carbon peak and carbon neutrality.As the use of volatile renewable energy sources continues to grow in the new energy system,there is a need to systematically improve the flexibility of the energy system."Integration of energy,grid,load and storage"and comprehensive energy services is the way forward.Oil and gas enterprises need to strengthen their own transformational change to achieve the conversion of new kinetic energy.According to the characteristics of the oil and gas industry and the requirements of energy transition,improving energy efficiency,innovatively developing the natural gas industry,providing good energy services,promoting digitalization,and actively engaging in new energy fields such as hydrogen energy are important action points for the transformational development of the oil and gas industry.It is recommended that oil and gas enterprises"remain firmly grounded while setting their sights on the future",coordinate short-term and long-term strategies;actively reform to obtain greater development momentum in a market-oriented environment;innovate business models,and be user-centered for comprehensive energy development;increase technology input and be determined in new strategic directions.