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.
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Several Eastern Mediterranean governments - Cyprus, Greece, Israel, Italy, Jordan and Palestine - have agreed to establish the Eastern Mediterranean Gas Forum, a regional gas market that would optimise the resource development of its members, rationalise the cost of the transportation infrastructure, offer competitive trade prices and improve mutual trade relations. Other countries may join the forum later and the institution will be also open to monitoring by international and regional organisations.
The Iraqi government expects to raise production from the southern Majnoon oilfield near Basrah from the current 240,000 bbl/d to 290,000 bbl/d by the end of 2019 and then to 450,000 bbl/d by the end of 2021. In 2019, US$7bn will be invested for the development of five oil fields in the Basra region, of which 10% (US$700m) for the Majnoon field. Besides, it has also outlined plans to develop a new offshore oil export pipeline with a capacity to transport 700,000 bbl/d by the end of 2019.
The Tunisian government expects the country to produce approximately 25% of its energy output with renewable energy projects by 2020. New projects - mainly wind and solar - with a combined capacity of 1,000 MW worth TND2.5bn (US$836m) should be commissioned by 2020.
According to the Caspian Pipeline Consortium (CPC), crude oil exports via the CPC pipeline rose by 11% in 2018, reaching 61.1 Mt. Exports from Kazakhstan accounted for most of this figure (89%) - with three Kazakhstan oil fields making up the majority of the exports (28.7 Mt came from Tengiz, 13.2 Mt from Kashagan and 10.3 Mt from Karachaganak), while the remainder came from Russia.