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China: Energy Peaks
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  • 19 Replies sorted by
  • 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 steel production by 50 million tons, due to coal 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

  • Gas demand

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    Such peaks make conflict (initially trade one, but later military) inevitable. No matter the good will.

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  • China energy deficit dynamics

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  • Auto sales

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  • Zhejiang Province in eastern China is slated to install more than 300,000 smart charging stations for electric vehicles by 2025, the Provincial Development and Reform Committee said.

    During this period, the province will build about 50,000 chargers for public use and over 250,000 for personal use to increase clean energy consumption.

    To meet the requirements for achieving the country's carbon neutral target, it is planned to increase the share of non-fossil energy sources in primary energy consumption from the current 20% to 20%. up to 24 percent by 2025, and to bring the total installed capacity of wind power and photovoltaic power to about 34 million kWh, said Zhou Weibing, head of the Provincial Energy Administration.

    By 2025 Zhejiang will create more than 800 service stations for power supply and more than 1,000 hydrogen fuel cell vehicles will be commissioned.

    China has announced a commitment to peak carbon dioxide emissions by 2030 and carbon neutrality by 2060.

    They just don't have any other options as coal availability is very bad.

  • The PRC authorities will oblige regional grid companies to purchase at least 40% of the energy produced from renewable sources - wind and sun. This is stated in a government document referred to by Reuters. According to the project, grid companies will annually increase the volume of “green” electricity. At present, the volume of renewable energy sources is 28.2%. Despite plans to reduce carbon emissions, China built several new coal-fired power plants in 2020, with a total capacity of 38.4 GW, more than three times the size of new CHP plants worldwide. At the same time, China has more than doubled the construction of wind and solar power plants in 2020.

    Huge injections are being made by EU, China and US into making renewable energy sources. Most of them are being build on government money or using money printed and credited by banks under COVID pretense.

    Issue is horrible stability where you can have output dropping to 2-10% in single hour and it can keep at this for week or two.

  • According to the General Administration of Customs of the PRC, in 2019, imports covered 70% of the total domestic consumption of oil, 46.4% of natural gas, and 45.8% of coal.

  • The confident recovery of the Chinese economy has led to power outages for dozens of industrial hubs in the south of the country.

    Officials have ordered factories in Guangzhou, Foshan and Dongguan that make consumer and high-tech goods to cut their electricity use or even shut down their operations for one to three days a week.

    These cities are located in Guangdong province, where the demand for electricity from enterprises exceeds supply. In January-April, electricity consumption in a number of Guangdong cities along the coastline between Hong Kong and Macau grew by 30% on an annualized basis.

    The head of the EU Chamber of Commerce in southern China, Klaus Zenkel, said the problem affected about 100 companies that make up the organization, and further interruptions in power supply could negatively affect foreign investment in the region.

    And it will be all much worse.

  • Coal imports

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  • "China continued to buy large quantities of coal from the United States in March, moving it closer to meeting its obligations under the US-China trade deal and replacing Australian coal exports that were banned in October." yahoo Finance