Chinese electricity consumption grew at its fastest pace since 2014.
Electricity consumption globally increases at a faster pace than other energy vectors due to electrification of energy uses. Most of the 2017 increase in global electricity consumption occurred in Asia. As in 2016, the electricity consumption growth in China, amid an industrial recovery and despite strong energy efficiency improvements, contributed to more than half of the world electricity consumption rebound. Power demand also grew in Japan for the first time since 2013, in India, Indonesia and South Korea.
Electricity consumption in the United States, which had remained broadly stable since 2011 due to energy efficiency improvements, declined for the second year in a row in 2017, whereas it rose in Canada.
It remained stable in the European Union (increase in Italy, Poland, Germany and Spain, decline in the UK) and grew in Turkey.
Electricity consumption also increased significantly in Iran and in Egypt.
Based on its 2017 data for G20 countries, Enerdata analyses the trends in the world energy markets.Download the publication
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Several Eastern Mediterranean governments - Cyprus, Greece, Israel, Italy, Jordan and Palestine - have agreed to establish the Eastern Mediterranean Gas Forum, a regional gas market that would optimise the resource development of its members, rationalise the cost of the transportation infrastructure, offer competitive trade prices and improve mutual trade relations. Other countries may join the forum later and the institution will be also open to monitoring by international and regional organisations.
The Iraqi government expects to raise production from the southern Majnoon oilfield near Basrah from the current 240,000 bbl/d to 290,000 bbl/d by the end of 2019 and then to 450,000 bbl/d by the end of 2021. In 2019, US$7bn will be invested for the development of five oil fields in the Basra region, of which 10% (US$700m) for the Majnoon field. Besides, it has also outlined plans to develop a new offshore oil export pipeline with a capacity to transport 700,000 bbl/d by the end of 2019.
The Tunisian government expects the country to produce approximately 25% of its energy output with renewable energy projects by 2020. New projects - mainly wind and solar - with a combined capacity of 1,000 MW worth TND2.5bn (US$836m) should be commissioned by 2020.
According to the Caspian Pipeline Consortium (CPC), crude oil exports via the CPC pipeline rose by 11% in 2018, reaching 61.1 Mt. Exports from Kazakhstan accounted for most of this figure (89%) - with three Kazakhstan oil fields making up the majority of the exports (28.7 Mt came from Tengiz, 13.2 Mt from Kashagan and 10.3 Mt from Karachaganak), while the remainder came from Russia.