"Offshore wind power generation will be a core business for CNOOC in the future. The segment holds great promise in China and will reduce our reliance on fossil fuel. It will help our company and our country maintain a sustainable development pattern," Fu said.

The chairman said CNOOC is working with local wind turbine engine makers to take the project to the trial phase as soon as possible.

Fu said that besides renewable energy, in 15 years CNOOC is to import 60 million tons of liquefied natural gas (LNG) every year, equivalent to 80 million tons of oil.

Natural gas is also a clean fossil fuel.

"The plan to import more LNG will optimize the energy consumption structure in coastal regions and help meet the country's energy demand," Fu said.

1

2

(For more biz stories, please visit Industry Updates)