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China: Energy Peaks
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  • China January-September 2017 energy imports:

    • oil - 12,2% rise
    • gas - 22,3%
    • coal - 10,8%
  • More updates

    China’s natural gas imports in November rose to a record. November gas arrivals, including pipeline imports and liquefied natural gas (LNG) shipments, hit 6.55 million tonnes, breaking a previous record of 6.1 million tonnes last December.

    An aggressive government campaign to heat millions of homes and fuel industrial boilers with gas has pushed domestic LNG prices to record highs, with some industrial and commercial users facing shortages or unable to afford the high cost.

    Crude oil imports rose to 37.04 million tonnes in November, or 9.01 million barrels per day (bpd), up from 7.3 million bpd the previous month, and the second-highest level in history.

    Stronger imports have been supported by firm refining margins after China raised domestic fuel prices twice in November.

  • Consequences

    As of January 1st, China has suspended production of 553 car models that didn't meet its fuel efficiency standards.

    China hopes to hold gas and oil prices using such measure. Even if it won't all last long.

  • China's factories sputter as gas shortage bites

    Chemical maker Yunnan Yuntianhua was forced to halt a majority of operations at a plant in the southern province of Yunnan last month after its natural gas supply stopped.

    Hubei Yihua Chemical Industry also halted operations at plants in the Inner Mongolia Autonomous Region and Guizhou Province.

    Energy and chemicals supplier Inner Mongolia Yuan Xing Energy stopped production of methanol in its home region in December. German chemical group BASF also took production lines in Chongqing offline.

    Over 80% of ceramics makers in the Hebei Province city of Shijiazhuang switched from coal- to gas-fired kilns last summer. But staying profitable using the more expensive fuel has been difficult, and many have suspended production.

    https://asia.nikkei.com/Politics-Economy/Economy/China-s-factories-sputter-as-gas-shortage-bites

  • Coal and steel production drops

    In 2017 China had been forced to reduce steep production by 50 million tons, due to cola production drop of 150 million tons.

    In 2018 steel production to further drop by 30 million tons , and coal will drop another 150 million tons.

    Situation becomes quite dangerous.

  • Coal and steel production drops

    And that is why Australia's economy has been moving backwards