CNOOC, China’s largest offshore oil producer, said new energy will account for 40% to 50% of the company’s total energy produced during the 12th Five Year Plan period. “At present, new energy accounts for less than 10%,” Chairman Fu Chengyu said. He added that the company has imported more than 10 billion cubic meters of natural gas this year to solve the gas shortage and help rein in emissions. China’s natural gas consumption saw an average annual growth of 16% from 2000 to 2009. Use of the fuel now accounts for 3.8% of total energy consumption. “CNOOC has constructed four LNG terminals in coastal cities and we have six LNG terminals which are being tested now,” Fu said. China imported 5.8 million tons of LNG in 2009, an increase of 67% from a year earlier, and now plans to import 25 million tons annually, according to the National Development and Reform Commission (NDRC).