China's energy consumption growth rate doubled vs 2016.
Global energy consumption was spurred by the rebound in China, the world’s largest energy consumer since 2009, triggered by the sustained economic growth. Chinese energy consumption rose twice as fast as in 2016, pulled-up by a strong industrial demand that has offset three years of low consumption, energy efficiency gains in the industry and national policies to decarbonize the economy.
Energy consumption grew in most of Asian countries, such as India (steady growth rate since 2000), Indonesia, Malaysia or South Korea. It increased for the first time since 2013 in Japan, driven by the economic growth.
Economic growth also raised energy consumption in Europe (e.g. in Germany, France, Italy and Turkey, whereas it dipped in the United Kingdom), in Canada, and in Russia (end of two-years of recession).
Energy consumption remained stable in the United States for the second year in a row, partly due to a lower electricity demand and energy efficiency improvements. It recovered from two years of contraction in Brazil but declined in Mexico and Argentina.
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 US-based project company Cheniere Energy, the first commissioning cargo of LNG has loaded and departed from its US$15bn Corpus Christi liquefaction and export terminal project in Texas (United States). This marks the first export of LNG from the state and as well from a greenfield export project in the Lower 48 states.
According to the Russian independent gas producer Novatek, its joint venture (JV) Yamal LNG has reached full capacity at the plant’s three LNG liquefaction trains. The three 5.5 Mt/year liquefaction trains of the Yamal LNG project are now operational with a total combined nameplate capacity of 16.5 Mt/year.
The European Commission has adopted a decision imposing transmission system operator (TSO) TenneT to increase the electricity trading capacity between Western Denmark and Germany and to ensure a specific guaranteed capacity available at all times. This announcement ends the formal investigation opened in March 2018 to check whether TenneT infringed EU antitrust rules by systematically limiting southward capacity at the power interconnection between the two countries.
Polish coking coal producer JSW (Jastrzębska Spółka Węglowa) has unveiled plans to increase its output by 2.5 Mt/year to 3 Mt/year through acquisitions. Its 2030 production target has been set at 18 Mt/year, much above the current 14.8 Mt/year (including all types of coal). However, the share of thermal coal in its production will dwindle from the current 25% to 10%. The group will focus on coking coal, betting on the rising needs of the European steel industry.