Forum on global energy ecosystem held in Beijing

Themed "Join Forces to Shape a Fair, Secure, and Intelligent New Global Energy Ecosystem", the 2025 International Energy Executive Forum (IEEF) was held at the China National Convention Center in Beijing, from Thursday to Friday.

The forum provided profound insights into the trends of the global energy industry and a precise analysis of China's path toward building a new energy system. Delegates agreed that China — already diversifying supply and logging tech gains — is cementing its role as an anchor of the new, fairer, and smarter energy order.

"The world needs all energies — oil, gas, coal, and renewables — together, rather than a single-energy replacement script," Daniel Yergin, former US Presidential Energy Advisor and Vice-Chairman of S&P Global, said.

ETRI president Lu Ruquan agreed, saying that rising Global South demand and AI power loads require simultaneous growth of all fuels, and differing cost, security, and policy priorities are fragmenting the once-uniform march to carbon neutrality.

During the forum, CNPC ETRI released three reports: World and China Energy Outlook 2060 (2025 Edition), Report on the Development Achievements of China's Oil and Gas Industry During the 14th Five-Year Plan Period, and Global Energy Governance Report.

Since its inception in 2013, the IEEF has grown into a flagship annual gathering that links China with the world and accelerates cross-sector convergence. Co-hosted by CNPC ETRI and S&P Global, this year's Forum convened some 400 delegates from relevant Chinese ministries, executives from international and domestic energy companies, heads of multilateral organizations, financiers, and leading scholars.

Qian Xingkun, Executive Director of CNPC ETRI, concluded by stating that the forum will continue to uphold the principle of "pragmatic cooperation and open sharing", working alongside global partners to contribute intellectual insights toward building a more just, secure, and intelligent new global energy ecosystem, and jointly creating a brighter future for the development of human energy.