CASS Report: Russia to become China’s largest oil and gas supplier

Excerpt:
According to the report, China’s oil demand in 2005 will reach 294 mln tons, equal to that of Japan. In 2008, China’s oil demand will reach 351 mln tons, surpassing the total 330 mln ton demand of Germany, UK, France and Denmark, and become the second largest oil consumer in the world. Around 2028, China’s oil consumption will reach 1,164 mln tons, approaching the estimated 1,211 mln ton oil demand of the US. After then, China will gradually exceed the US to become the largest oil consumer in the world.

Interfax