Breakdown by country (koe/$2015p)



Increase in Russia's energy intensity in 2017.

Slowdown in energy intensity improvement in 2017: -1.2% vs. -1.8% in 2016

Global energy intensity (total energy consumption per unit of GDP) declined by 1.2% in 2017, slightly below its historical trend (-1.5%/year on average between 2000 and 2017 and -1.8% in 2016).
Energy intensity levels and trends differ widely across world regions, reflecting differences in economic structure and energy efficiency achievements.
China posted a significant decrease in its energy intensity, though slower than in 2016, as its energy consumption accelerated in 2017.
The moderate increase in the US energy consumption translated into a new reduction in its energy intensity, that nears the global average.
Energy efficiency improvement continued in the European Union, the region with the lowest energy intensity in the world, though at a slower pace than over the 2000-2017 period.
The energy intensity in the CIS region increased in 2017 due to Russia’s rising energy demand and remains the highest in the world (75% above the global average and 55% above that of Middle-East countries).
The high energy intensity in the CIS, the Middle East, China and other Asian developing countries is mainly explained by the predominance of energy-intensive industries, primary commodity exporting-based economies and low energy prices which do not encourage energy efficiency.

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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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.


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.


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.


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.