Increase in South Korean imports of LNG in 2018.
Global LNG trade saw the largest boost from Asia in 2018 with growth led by China and South Korea, as Asian imports grew by 12% to a record high. China broke its LNG own import record, with a 43% increase on 2017, as environmental policies and a willingness to switch from coal to gas heating brought in additional demand.
The United States grew its LNG exports by 14%, as new LNG trains came online raising LNG production capacity by 76%, supported by high shale gas production. Australia was close behind, increasing exports by 22% as production capacity increased with the addition of the Wheatstone LNG and Ichthys LNG projects.
According to the Spanish power transmission system operator Red Eléctrica de España (REE), Spain added nearly 6.5 GW of new renewable power capacity in 2019 (6,456 MW), corresponding to a 13% increase in the renewable capacity. During 2019, 93 new solar PV power plants added 3,975 MW, while 86 new wind projects added 2,319 MW and 10 other renewable projects added 162 MW. Most of the new renewable capacity came from auctions held in 2017 (5,689 MW). This strong growth in the renewable capacity contributed to raise Spain's installed capacity by 5.6% at the end of 2019.
According to Eurostat, the share of renewable energy in the gross final energy consumption of the European Union (EU) rose from 17.5% in 2017 to 18% in 2018, progressing towards the target of 20% of renewable energy by 2020 and at least 32% by 2030.
According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Brazil’s oil production increased by 7.8% in 2019 to reach 1.018 Gbl (2.789 mb/d), including 634 mbl in pre-salt areas. Total gas production also increased significantly during 2019 (+9.5%).
According to the China Electricity Council, total electricity consumption in China rose by 4.5% in 2019. The residential and services sectors have recorded the highest growths with 5.7% and 9.5%, respectively, contributing to over half of the consumption rise. Electricity consumption in the industrial sector increased by 3.1%, contributing to 48% of the consumption growth, and accounted for 68% of the total electricity consumption in China in 2019. Consumption from electricity-intensive branches (chemicals, non-metallic minerals, ferrous and non-ferrous) rose by 2% compared to 2018. Electricity consumption posted a significant increase in western regions (+6.2%), much higher that the one in eastern regions (+3.6%).