New decline in refined product output in Venezuela in 2017.
As in 2016, the 2017 growth was driven by Asia – China and India accounted for more than 60% of the increase in refined oil products production – and by the Middle-East, especially Saudi Arabia and Iran. Production also rose in South Korea (dynamic demand) but contracted in Japan (declining oil product consumption).
In the United States, the largest producer of petroleum product worldwide, oil product production rose for the fifth year in a row and reached a record in 2017. It also grew in Canada, but fell in Mexico and Venezuela, where crude oil production contracted.
Production remained stable in Russia.
Petroleum product production rebounded in the European Union, in line with rising consumption, despite recent refinery closures over the past years in Europe combined with the willingness of Middle East countries to refine crude oil locally and low refining costs in North America.
Based on its 2017 data for G20 countries, Enerdata analyses the trends in the world energy markets.Download the publication
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South African miner Exxaro Resources is looking forward to supply coal to state-run power utility Eskom, which is facing critical supply shortages and currently has fewer than 20 days of coal supply at 10 of its power plants in South Africa’s Mpumalanga province. The group suffers from significant financial difficulties and only focuses on supporting its coal-fired plants.
Japanese gas utility Tokyo Gas intends to diversify its LNG procurement portfolio, but will not seek to raise its LNG purchases from the United States. The group recently began to receive LNG volumes from Dominion Energy’s Cove Point liquefaction terminal (Maryland, US) and has also signed agreements to purchase fuel from the Cameron LNG project (Louisiana, US). However, Tokyo Gas will rather seek to have the most diversified LNG supply portfolio as possible.
Pakistan state-run hydropower company Water and Power Development Authority (WAPDA) has synchronized the third and last unit of the 1,410 MW Tarbela-4 extension hydropower project with the domestic power grid. The project is located on the Indus river in the Khyber Pakhtunkhwa region (Pakistan) and entails three turbine-generator units with a capacity of 470 MW each. With the completion of the project, the total capacity of the Tarbela power plant will increase from the current 3,478 MW to 4,888 MW.
The governments of Ghana and Burkina Faso have inaugurated the 225 kV interconnection line, a 188-km long line spreading from Bolgatanga (Ghana) to Ouagadougou (Burkina Faso). The 100 MW line paves the way for exporting of power from Ghana to Burkina Faso.