China’s power generation continues to grow steadily.
Global power generation, which had increased by nearly 3%/year over the 2000-2018 period, slowed down significantly in 2019 (+1%), reflecting the lower electricity demand due to relative milder weather conditions and slower economic growth.
Coal-fired power generation (36% of the global power mix in 2019) decreased by 3.5%, offset by an increase in gas-fired (+3.2%), nuclear (+3.6%), wind (+12%) and solar (+24%) generation.
China was the main contributor to the global power generation growth, with a rising renewable and thermal production; power generation increased by 4.7% in 2019, less than half the 2000-2018 average (+10%/year).
The lower electricity demand slashed power generation by 1.2% in the USA, where the rising gas-fired and renewable production led to large coal-fired generation cutbacks. In Europe, the economic slowdown translated into a 1.8% decline, especially in Germany (reduction of coal-fired generation) and France (lower nuclear and hydropower availability), despite a 25% surge in Belgium (improved nuclear availability and higher wind generation).
Power generation continued to fall in Japan (-3.4%) and dipped in South Korea (after a decade of growth) against declining electricity consumption. It also stagnated in India, where coal-fired generation decreased for the first time since 1973.
According to the Ministry of Finance of Japan, crude oil imports decreased by 16% to 2.5 mb/d in 2020. They came mostly from the Middle East (90%). However, petroleum products imports, which were supplied by the Middle East (48%) and Asia (29%), rose by 11%. The country imported only 74.5 Mt of LNG in 2020 (-3.7%), from Asia (23%) and the Middle East (16%). Coal imports dropped by almost 7% to 174 Mt and were supplied from Asia (17%) and Russia (13%).
According to Angola’s National Oil and Gas Agency, the country’s oil production declined by 15% to 1.3 mb/d in 2020. Gas production reached 31 bcm in 2020 (85 mcm/d). Almost 5% of the natural gas production was flared in 2020. In 2020, over 61% of the total oil production came from deep water projects (20% from ultra-deep water and 17% from shallow waters). The blocks 17 and 32, operated by Total's Angolan affiliate TEPA, accounted for 46% of the country’s oil production and for nearly 23% of the gas production, while the Chevron-operated blocks 0 and 14 accounted for 19% of the total oil production and for nearly 45% of the domestic gas production.
According to the National Energy Administration (NEA), China added nearly 72 GW of wind power capacity and 48 GW of solar capacity in 2020. The growth in wind capacity additions accelerated in 2020 - from 26 GW added in 2019 - and exceeded 2019 global wind capacity additions by 12 GW. Part of this increase was linked to an earlier announcement of China ending subsidies for new onshore wind projects as of 2021. As well, solar capacity additions recovered after two years of slowdown (+44 GW in 2018 and +30 GW in 2019). Hydropower capacity increased by 13 GW in 2020. At the end of 2020, China had 282 GW of wind capacity and 253 GW of solar capacity. The country intends to increase its installed wind and solar capacity to 1,200 GW in 2030.
According to the Ministry of Energy of Indonesia, gasoline imports are expected to increase by 54% to 140 mbl, up from 91 mbl in 2020 and exceeding the pre-pandemic import level of 119 mbl in 2019. In addition, Indonesia’s gasoline sales should reach 233 mbl in 2021 (+32% compared to the 176 mbl level of 2020), while domestic gasoline production should increase by 9% from 86 mbl in 2020 to 94 mbl in 2021, close to its 2019 levels.
Indonesia is the largest importer of gasoline in Asia, and the fourth largest worldwide after the United States, Mexico and Nigeria (2019).