China's rapid economic development is having profound implications for energy resources. China's emergence as an energy importer has given rise to concerns that it is a major contributor to recent turmoil in energy markets. This book examines China's record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China's demands on the world energy economy, but they emphasize that its energy future will depend critically on a continuation of reform and internationalization.