World
-9%
Drop in coal production in China in 2016.
Coal production plunged (-6.1%), in line with China’s decline (-9%)
China, which represents 44% of world coal and lignite production, recorded a contraction in its production for the third consecutive year. To help support domestic prices, the Chinese Government has implemented measures to reduce coal production capacities including the closure of the most inefficient mines. In addition, the country’s output was also impacted by legislation from April 2016 that has cut coal mine production to a 276-day basis, down from 330 days previously. This measure was, however, eased again during the autumn.
Colombia and Russia, two of the world largest coal exporters, increased their production in the second half of 2016 to supply the international market.
Resulting from the government’s willingness to lower its import dependency, India favoured an increase in its domestic coal output.
Coal production dipped strongly in the USA because of reduced national demand combined with the financial issues facing its main producers, three out of the four largest producers filed for bankruptcy in 2016.
Global Energy Trends, 2017 edition
Based on its 2016 data for G20 countries, Enerdata analyses the trends in the world energy markets.
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Jun
NIOC (Iran) wants to raise oil output, rejects proposed OPEC rise
The Iranian state-held oil firm National Iranian Oil Company (NIOC) aims at increasing the production capacity of its oil fields by 400,000 bbl/d, fitting into the Iranian government's objective of raising the domestic oil production to 4.2 mb/d. However, Iran is opposed with Saudi Arabia and Russia's proposition to raise OPEC's crude oil production by 1.5 mb/d in the third quarter of 2018, and is likely to veto any significant oil production increase across the OPEC. Iran, which was exempted from any production cut in the 2017 agreement, benefited from higher production and rising oil prices. The country will maintain its position to keep OPEC oil production and exports at their current levels.
19
Jun
Europe's Cross-Border Intraday power market (XBID) comes online
The new European Cross-Border Intraday (XBID) market has come online after several years of development and will now enable to increase the number of of power exchanges between the European transmission system operators (TSOs) and the nominated electricity market operators (NEMOs). The aim of the project is to create an integrated European intraday market and ensure the continuous trading of power across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain and Sweden. Most of the remaining European countries are expected to join it later in 2019 for the second go-live. A total of 31 TSOs and 15 power exchange back the XBID market, which is designed to handle up to 400,000 trades per day.
19
Jun
Eni's Zohr gas field will ramp up production to 18 bcm/year (Egypt)
The giant offshore gas field Zohr in Egypt will raise its production capacity to 1.75 bcf/d (49.5 mcm/d or 18 bcm/year) by August 2018. The production ramp-up is scheduled to continue so that the field's output reaches a plateau output of 2.7 bcf/d (28 bcm/year) by mid-2019. Once reached, this level will enable the country to save an estimated US$1bn/year in gas imports and achieve self-sufficiency from natural gas by 2019.
19
Jun
Saudi Arabia and Russia seek to raise OPEC's oil output by 1.5 mb/d
Saudi Arabia and Russia will ask the Organization of the Petroleum Exporting Countries (OPEC) to hike crude oil production by 1.5 mb/d in the third quarter of 2018. In November 2016, Russia and the OPEC jointly decided to cut their output by 1.8 mb/d in order to prop up global prices and production levels were set for each member country: Saudi Arabia agreed to limit its crude production by nearly 486 kb/d to 10.058 mb/d, while Iraq, the second largest producer among OPEC, agreed to cut its production by 209 kb/d.
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