Breakdown by country (Mtoe)

World

2.9%

China's energy consumption growth rate doubled vs 2016.

Acceleration in energy consumption in 2017 (+2.3% vs. 1.1% in 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.

Global Energy Trends, 2018 edition

Based on its 2017 data for G20 countries, Enerdata analyses the trends in the world energy markets.

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24
Sep

Sanmen-1 nuclear AP1000 project (China) enters commercial operation

According to China National Nuclear Corporation (CNNC), the Sanmen-1 AP1000 nuclear reactor project being built in the Zhejiang province of China has completed 168 hours of full power continuous operation and is now deemed to enter commercial operation. A second reactor at the Sanmen site achieved hot testing phase in February 2018 and should be commissioned by the end of the year. With the commissioning of Sanmen-1, CNNC now has a total of 19 operational nuclear reactors, with an installed capacity of 16,716 MW.

19
Sep

OPEC countries' net oil export revenues went up in 2017

According to the United States Energy Information Administration (EIA), members of the Organization of the Petroleum Exporting Countries (OPEC) benefited from a 29% increase of their net oil revenues in 2017 to US$567bn compared with 2016, thanks to both the increase in crude oil prices and in net oil exports. The EIA predicts that these revenues are likely to continue to ramp up in 2018 to US$736bn (+30%), following the annual crude oil prices trends. However, they could decline starting from 2019, by 2.4% to US$719bn, driven mainly by lower prices and by slightly lower OPEC production and exports to a lesser extent.

19
Sep

Gazprom starts talks with Hungary regarding future gas shipments

Russian state-run energy company Gazprom is discussing with the Hungarian government regarding the delivery of future gas supplies, since current gas supply agreements expire at the end of 2019. The discussion will also include other issues such as the development of the Hungarian gas transmission system and the prospects of storing Gazprom's fuel in Hungarian underground gas storage (UGS) facilities.

18
Sep

Cheniere Energy will supply 0.7 Mt/year of US LNG to global trader Vitol

US-based LNG project developer Cheniere Energy has signed a sales and purchase agreement with the global trader Vitol, under which Vitol agreed to purchase 0.7 Mt/year (roughly 0.95 bcm/year) of LNG from Cheniere on a free on board basis for a term of approximately 15 years beginning in 2018. The contract's purchase price is indexed to the monthly Henry Hub price and includes a fee.