First decline in US gas consumption since 2009.
Global gas demand that had been rising since 2014 accelerated in 2017, spurred by Asia, which accounted for 1/3 of the additional demand. China was the largest contributor to the increase in gas consumption, in line with its coal-to-gas substitution policy. Economic growth also helped gas demand increase in India, Japan and South Korea (low nuclear availability for these two countries).
Economic recovery and higher heating needs gave a boost to Russian gas demand, which accounted for nearly ¼ of the additional demand worldwide.
Gas consumption also continued to grow at a steady pace in the Middle-East, especially in Iran and Saudi Arabia, and in Africa, mainly in Egypt (rise in domestic production) and in Nigeria.
Improved economic conditions and lower nuclear and hydropower availability in Europe contributed to raise European gas consumption again, especially in Germany and in southern Europe (Turkey, Italy, Spain, and Portugal). It declined in the United Kingdom over milder temperature and fierce competition from renewables in power generation.
In North America, gas consumption posted its first drop in seven years the United States, due to the lower electricity demand, competition from renewable power sources and relatively high hydropower generation, whereas it surged in Canada.
Based on its 2017 data for G20 countries, Enerdata analyses the trends in the world energy markets.Download the publication
Access to the most comprehensive and up-to-date database on energy supply, demand, prices and GHG emissions (186 countries).Free trial
The 600 MW first turbine of the 3,600 MW Rogun (also spelled Roghun) hydropower dam on the Vakhsh River in southern Tajikistan has started operations. The US$3.9bn project is being built gradually by the Italian company Salini Impregilo and the remaining turbines will come online between 2019 and 2026. Once built, it will enable Tajikistan to end domestic power shortages and to export electricity to Afghanistan and Pakistan.
The Iraqi government has resumed oil exports from the Kirkuk oil fields one year after the city was seized by federal forces from the autonomous Kurdish administration over dispute about oil payments, revenues and pipeline fees. An agreement has been reached with the Kurdish Regional Government (KRG) to export 50,000 bbl/d to 100,000 bbl/d through a pipeline running through the Kurdish territory to Turkey. The revenue from the renewed exports will be collected by the federal government of Iraq.
US-based project company Cheniere Energy has started to produce LNG at the first 4.5 Mt/year train of its US$15bn Corpus Christi liquefaction and export terminal project in Texas (United States) and the facility is on its way to ship its first-ever cargo. The 170,000 m3 floating storage and regasification unit (FSRU) Golar Tundra has arrived at the facility and will depart with the first shipment shortly.
Emirati state-run oil and gas company Abu Dhabi National Oil Company (ADNOC) has unveiled plans to invest AED5.1bn (US$1.4bn) to upgrade the operations of the Bu Hasa onshore oil field (United Arab Emirates) from 550,000 bbl/d up to 650,000 bbl/d by the end of 2020 as per its 2030 smart growth strategy.