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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According to the German Federal Environment Agency (Umweltbundesamt or UBA), renewable power production reached a new record in the first semester of 2018, with 117 TWh generated, which is 10% more than in the first half of 2017 (+10 TWh). Wind power plants generated 57 TWh, with 26 TWh from biomass and biogas waste installations, 24 TWh from solar PV units and 10 TWh from hydropower plants.
According to the World Nuclear Association latest performance report, global nuclear power generation grew for the fifth year in a row and reached 2,506 TWh (+1.2% from 2,477 TWh in 2016). At the end of 2017, the global nuclear capacity stood at 392 GWe spread across 448 reactors, which is 2 GWe more (+0.5%) than at the end of 2016.
The Algerian oil and gas company Sonatrach has announced a nine-year gas supply contract with Spain for 9 bcm/year. Algeria is intensifying commercial relations with Europe, as Gas Natural Fenosa renewed its gas supply agreement with Sonatrach until 2030 in June 2018. Sonatrach currently supplies around 9.8 bcm/year to Gas Natural Fenosa.
The German and Dutch power transmission network operators Amprion and TenneT will integrate the first circuit of the 380 kV interconnection line between Doetinchem in the Netherlands and Niederrhein in Germany into the CWE market on 25 August 2018. The interconnection capacity between the two countries will then increase by 750 MW, from 5 000 MW to 5,750 MW, and by another 750 MW to 6,500 MW when the second circuit goes live in November 2018.