1. Energy and the economy -- 2. Changing structures of the petroleum industry and energy policies -- 3. Upstream oil and gas sector developments -- 4. China's downstream refining industry: current situation and future prospects -- 5. Oil market dynamics and outlook for demand, supply, and trade -- 6. Natural gas use, pricing, and future growth -- 7. Outlook for China's liquefied natural gas and pipeline gas imports -- 8. Energy security in China: regional and global implications -- 9. Regional developments and future growth -- 10. Conclusion.