2021-04-20 13:30:00
CHINA'S GAS DEMAND +8.6%
ENERDATA - 19 Apr 2021 - China’s natural gas demand should increase by 8.6% in 2021 to 354 bcm in 2021, according to China National Petroleum Company’s Economics and Technology Research Institute. Gas imports are forecast to increase by 12.5% to 159 bcm in 2021, including 104 bcm of LNG and 55 bcm of piped gas.
China is expected to add 295 kb/d (14.7 Mt/year) of refining capacity in 2021. The country’s net crude oil imports should grow by 3.4% in 2021 to 559 Mt, or 11.2 mb/d. Gasoline demand should increase by 0.8% in 2021 and aviation fuel use by 13%. However, diesel demand is expected to decline by 0.8%. In addition, fuel exports should increase by almost a third to 54.7 Mt in 2021.
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Earlier:
2021, April, 19, 16:40:00
CHINA OIL PRODUCTS EXPORTS +31.7%
China's oil product exports are expected to rise by 31.7% year on year to around 54.7 million mt in 2021,
2021, April, 19, 16:35:00
CHINA'S RENEWABLES 11%
Chinese President Xi Jinping has announced that China will boost the share of non-fossil fuels in primary energy consumption to around 25% by 2030, part of his pledge to bring the country's carbon emissions to a peak before 2030.
2021, April, 15, 13:10:00
CHINA'S CLEAN COAL
China said in its 2021-2025 five-year plan published in March that it would continue to promote the “clean and efficient use of coal”.
2021, April, 1, 12:35:00
CHINA'S GREEN BONDS $15.7 BLN
Chinese issuers including banks, property developers, power generators and railway operators sold $15.7 billion of bonds during January-March period to fund ‘green’ projects such as clean and renewable energy,
2021, March, 30, 12:15:00
CHINA'S HYDROGEN STRATEGY
As China’s largest hydrogen producer, Sinopec will focus on fossil fuel-based hydrogen production over the next five years and also start introducing “green” hydrogen using solar and wind power,
2021, March, 26, 12:05:00
CHINA RENEWABLES SUPPORT
China will preferentially give subsidies to wind and solar power companies, and further step up credit and loan support.
2021, March, 10, 12:15:00
CHINA'S NUCLEAR COAL
China announced its aim to increase its nuclear power capacity by 40% from 50 GW in 2020 to 70 GW in 2025. However, the 2021-2025 plan isn't expected to slow down the construction of new coal-fired power plants.
