Major increase in gas consumption in the US (half of world increase).
Global gas consumption accelerated in 2018, spurred by the US and China, which accounted for around two thirds of the additional consumption. US gas demand grew by 10% in 2018, the highest growth seen in the past 30 years, spurred by the power sector (+15 GW of new gas-fired power plants) and by buildings.
Gas consumption also accelerated in China (+18%) in line with its coal-to-gas substitution policy in the power and heating sector. Growth was also seen in India and South Korea thanks to sustained economic growth. However, consumption declined in Japan, as the restart of nuclear reactors reduced the needs for gas-fired power generation.
Gas consumption also continued to grow steadily in Russia (though at a slower pace than in 2017) and accelerated in Canada, Iran and Algeria.
Despite the economic growth, gas consumption declined in Europe – especially in Turkey, France, Germany and Italy – owing to higher temperatures, improved nuclear and hydropower availability as well as rising renewable power generation.
According to the American Wind Energy Association (AWEA), the installed wind power capacity in the United States has reached 100 GW in the third quarter of 2019 (from over 94 GW at the end of 2018), enough to supply power to 32 million US households. Wind installations accelerated in the third quarter of 2019, with 8 new large power projects totalling 1.9 GW commissioned.
According to the annual report on the functioning of the European carbon market, greenhouse gras (GHG) emissions from installations covered by the EU ETS decreased by 4.1% (around 73 MtCO2eq) to 1,682 MtCO2eq in 2018, thanks to a 7.3% drop in emissions from the power and heat production sector (down to 913 MtCO2eq). Verified emissions from the industrial sector remained stable (-0.1%) at 769 MtCO2eq, while those from aviation grew by 3.9% to 67 MtCO2eq.
According to the National Energy Administration (NEA) of China, energy supply continued to improve in the first nine months of 2019: domestic crude oil production increased by 1.2%, compared to the same period of 2018, to 143 Mt, reversing three consecutive years of decline. Domestic gas production also grew by 9.5% year-on-year to nearly 128 bcm. Coal production should continue to increase, as 40 new large and medium-sized coal mines with a cumulated capacity of 196 Mt were approved during the 9-month period.
Between January and June 2019, the US net gas sales abroad reached 4.1 bcf/d (116 mcm/d) on average, a level two times superior to the net exports in 2018. According to the EIA, the expansion of US gas trade surplus is mostly due to the increase of LNG exports.