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Page added on December 29, 2015

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China Sees Energy Consumption Rising In 2016

Consumption

China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world’s largest energy consumer said on Tuesday.

China’s apparent demand for crude oil will reach 550 million tonnes (11 million barrels per day) and apparent demand for natural gas will hit 205 billion cubic metres, Nur Bekri, head of the National Energy Administration (NEA), said, according to Xinhua.

Electricity consumption will rise to 5.7 trillion kilowatt-hours and coal consumption will be 3.96 billion tonnes.

Non-fossil fuels will also make up 13.2 percent of primary energy needs in 2016, up from 12 percent this year, while coal will fall to less than 62.6 percent from 64.4 percent, he said.

Natural gas will account for 6.2 percent, while non-fossil fuels including nuclear and renewables will account for 35.7 percent. Renewable power will account for 1.7 trillion kwh in 2016, with more than 20 gigawatts of wind and 15 GW of photovoltaic solar capacity being added.

Overall growth in energy consumption this year was its lowest since 1998, at 0.9 percent, he added.

This year, China will have imported 330 million tonnes (6.6 million bpd) of oil and 60 bcm of natural gas. Installed energy capacity will have reached 1.47 billion kilowatts, up 7.5 percent.

In principle, China will stop approving coal mining projects for three years starting in March, and aims to close more than 1,000 mines that have “lagged behind,” Xinhua cited Nur Bekri as saying.

Crude oil production is expected to rise to 220 million tonnes (4.4 million bpd), even as global prices near 11-year lows. Natural gas production, including shale gas and coal-bed methane, is expected to rise to 140 bcm, he said.

(1 tonne of crude oil=7.3 barrels)

RIGZONE



25 Comments on "China Sees Energy Consumption Rising In 2016"

  1. makati1 on Tue, 29th Dec 2015 6:12 pm 

    Changes in the wind.

  2. Davy on Wed, 30th Dec 2015 5:39 am 

    China is a huge energy unknown because their system is rotten at the core. We have immense amounts of malinvestment in multiple forms. We have financial bad debt extended and pretended into a systematic infusion of economic rot. We have overcapacity and poor physical development on a continental scale.

    It is a huge country of various economic dynamics that is being extended and pretended. At some point the economic games will end because China is a Ponzi scheme of growth. Production of goods has to have a destination. This overcapacity has to have a function or else you are building up huge stocks of unused product. It must be paid for so the people and suppliers can live. This makes Chinese energy consumption unpredictable.

    It is now related to human confidence in the Chinese system and by extension the global system. This needs to be the worry of everyone because China is too big to fail. The status quo is over if China falls apart. The shock to the system is just too much to absorb. No place can produce the wide variety of products China does. Resource republics need China for revenue.

    This country is a command control capitalistic mixture so we are going to have extreme dysfunction in policy and resulting economic activity. I feel this is coming to a head and will destroy the global status quo soon. Yet, China is an enigma. Predicting China is a fools game.

  3. Davy on Wed, 30th Dec 2015 5:59 am 

    For those of you pro Russians here is some unsettling news:

    http://www.zerohedge.com/news/2015-12-29/russian-economy-cracking-social-unrest-coming-few-months-official-warns

    I might remind you ZH is pro Putin and very very Anti-American Wall Street and DC establishment. Yet they are fair and balanced on the economic side of reporting dirty laundry IMHO.

    Russia is not doing well in the status quo but in my opinion Russia is the best placed of all major powers in a collapse from the point of view of location and resource dynamics. This does not guarantee success though.

    I feel Putin has made Russia less resilient to economic decline with his Mid East adventures. He needs to avoid mission creep but that is precisely what is happening. He also needs to avoid more trade disruptions like what has happened with Turkey.

    For those of you who think I am being biased well Russia is another to big to fail power we all have to worry about.

  4. Kenz300 on Wed, 30th Dec 2015 8:58 am 

    Wind and solar are the future…fossil fuels are the past..

    The Renewable Revolution | Michael T. Klare

    http://www.huffingtonpost.com/michael-t-klare/the-renewable-revolution_b_7078904.html

  5. Rodster on Wed, 30th Dec 2015 9:15 am 

    “makati1 on Tue, 29th Dec 2015 6:12 pm

    Changes in the wind.”

    And what changes might those be? The Chinese have shown thru their ACTIONS that they are NO different than the West. In fact while you were proclaiming that the West (US) in particular was consuming the most energy on the planet, China was right up there with them.

    Is it Green Tea or Green Kool-Aid you’re drinking? Either way stay away from anything Chinese that’s lime green in color because that’s usually toxic.

  6. GregT on Wed, 30th Dec 2015 10:30 am 

    “In fact while you were proclaiming that the West (US) in particular was consuming the most energy on the planet, China was right up there with them.”

    The West has been consuming the most energy per-capita for many decades Rodster, and Canada is a larger consumer per-capita than the US. China has become the leading manufacturer for our consumer products now. We are exporting our energy use, and our pollution, to China, in exchange for higher profit margins for Muti-national corporations, at the expense of the average working class Joe. If you don’t like what is happening in China, the solution is very simple, stop shopping at big box North America outlet stores, and stop buying Chinese manufactured products.

  7. ghung on Wed, 30th Dec 2015 10:36 am 

    Agreed, Greg. The energy per capita metric is useless without considering the embedded energy in products we buy from somewhere else, as are metrics like per capita CO2 emissions.

  8. onlooker on Wed, 30th Dec 2015 10:44 am 

    Also we should look at sources of that energy. Coal being the dirtiest. Unfortunately China went heavily that way and also responsible environmental safeguards. Again, China has become the most polluted country in the world. It is not just them though it is every transnational who has been negligent over there about waste and contamination. Showing how f*cked we are because nobody seems to care about the planet.

  9. GregT on Wed, 30th Dec 2015 12:00 pm 

    China imports 60% of her coal from Canada and Australia. Maybe it’s time for us in the West to stop mining and supplying coal to China, in exchange for mostly un-needed and redundant consumer products, soon destined for our landfills? Of course that would quickly kill our economies which are heavily reliant on retail sales.

    All of the pollution in China, doesn’t magically stay in China. We in the West need to accept our responsibilities here, and stop pointing fingers at everybody else.

  10. onlooker on Wed, 30th Dec 2015 12:10 pm 

    Agreed Greg, especially also the Banking industry and their loans. Again, though China went along with it, maybe it had to but it did. Anyway you slice it everyone on this planet more or less is involved in its wanton demise.

  11. Apneaman on Wed, 30th Dec 2015 12:13 pm 

    Thats right Greg. Even worse is fat Canadians CO2 doughnut addiction emissions. Sorry about the dystopian climate kiddies – Blame it on the crullers, fritters and all versions of corn syrup N fried dough combinations.

    Tim Hortons lineup on Christmas Day at least 100 cars long in Truro
    ‘We love our Tim’s around here,’ says coffee fan who caught long lineup on video

    http://www.cbc.ca/news/canada/nova-scotia/christmas-day-tim-hortons-truro-1.3381155

  12. GregT on Wed, 30th Dec 2015 12:14 pm 

    Yes Onlooker,

    We are all responsible here. We all share the same planet, and our biggest problems are not regional, they are global. Pointing fingers at others will do nothing at all, unless we are willing to make the necessary changes ourselves. Something that I am confident that we will not do. The vast majority of us that is.

  13. big momma on Wed, 30th Dec 2015 8:11 pm 

    GregT,

    “stop buying Chinese manufactured products”….

    It would be impossible to interact on PeakOil.com if you tried to satisfy this requirement. Name a cell phone, PC, backhaul network switch that is made in the USA. Nothing exists…LOL!

    Those are just a few examples of how we will never escape from China no matter how many islands are built in the South China Sea….LOL!!

  14. makati1 on Wed, 30th Dec 2015 8:13 pm 

    Coal use: 2014

    China – ~4,400,000 ton. / ~1,400,000,000 people = ~6 lbs of coal per capita.

    US – ~1,100,000 ton / ~320,000,000 people = ~7 lbs of coal per person, or slightly more per capita than China.

    http://instituteforenergyresearch.org/analysis/coal-use-rise-globally-bp-energy-review-2014/

    China bashing is the fad in the Western MSM today.

  15. makati1 on Wed, 30th Dec 2015 8:18 pm 

    big momma, you must have read the “made in” labels on the stuff you buy. Most do not realize that even the US military gets their electronic components from China/Asia.

    I suggest to the China bashers, read the labels on the things you need/use everyday and see where in the world they come from. I bet most are NOT made in the USA.

  16. antaris on Wed, 30th Dec 2015 10:26 pm 

    Mak you forgot to add that the military not only get stuff from China but they borrow the money from the Chinese to purchase these items.

  17. GregT on Wed, 30th Dec 2015 10:38 pm 

    “Those are just a few examples of how we will never escape from China no matter how many islands are built in the South China Sea‚Ķ.LOL!!”

    It isn’t China that we need to escape from big momma, it is Western “culture”.

  18. makati1 on Wed, 30th Dec 2015 11:58 pm 

    antaris, yes, I am aware of that. Most Americans are not. The Chinese have loaned the US over 1.4 Trillion dollars over the last 10 or so years. Now they are cashing in those IOUs.

  19. makati1 on Wed, 30th Dec 2015 11:58 pm 

    GregT, so true. I’m trying.

  20. Davy on Thu, 31st Dec 2015 4:32 am 

    China may import 60% of its imported coal from those sources but not 60% of its coal. We need some clarification there.

  21. Davy on Thu, 31st Dec 2015 4:45 am 

    Using per capita comparisons makes things look better but it does not change the facts that Asia is killing the planet with emissions. Asia has the bulk of the worlds population. Asia has the biggest growth in consumption. Asia cannot be made to look better by any disguise.

    The fingers are usually pointed at the west on most levels on multiple levels. This is vital because the west’s way of life is the issue. It is the adaptation of Asia to a western living standard that will destroy the status quo. This point can’t be argued away by agenda or tricks of analysis.

    It is time fingers quit pointing in all directions for more than reasons of double standards and hypocrisy. The reason fingers are of little use is nothing can be done. We are locked into an end game that people want to complain and blame about. This is just wasted effort.

    We can change a few things. We can prepare with adaptation policies. The majority of what is ahead is without a solution. Like the G man on our board said “we messed up”. Blaming the other guy is the easy part but solutions are another story.

  22. Davy on Thu, 31st Dec 2015 4:52 am 

    The US does not borrow money from China. Through a global system of exchange there is liquidity for American debt. At these levels it is more than borrowing it is systematic debt and liquidity.

    China would not be able to generate the debt it does without its exports. Without this global system China is nothing. Without export markets and global exchange for imports of resources China is nothing. The US will likewise be nothing when this global system of exchange breaks down. This is a codependent relationship at a macro level in conjunction with the rest of the global system.

  23. BC on Sat, 2nd Jan 2016 5:22 pm 

    Right, Davy. The “China Miracle” was made in the USA (and in part Japan). Now US and Japan’s FDI to China-Asia is contracting, and not coincidentally so are China’s production and export sectors, which make up ~55% of China’s GDP. This is passing through to production in Japan, Korea, Malaysia, and

    And now global trade is no longer growing and decelerating to the slowest 5- and 9-year rates since the 1930s and 1880s-90s (no coincidence).

    We’ve been here before (1830s-40s, 1890s, 1930s-40s, and Japan since the late 1990s), but not coincident with the peak per capita in the primary energy source of the global economy, unprecedented debt, population overshoot, resource depletion per capita, and climate change.

    Lookin’ good for the necessary stressors and self-selecting traits for human ape evolution and adaptation.

  24. BC on Sat, 2nd Jan 2016 5:42 pm 

    mak, the reserves the Chinese hold are against US firms’ deposits in China that are not convertible except via central banks’ custodial accounts.

    You might recall my cautioning and counseling to anticipate media headlines about “China dumping US Treasuries”, when, in fact, it is US and Japanese (primarily) firms repatriating non-convertible Yuan via central banks’ custodial accounts and supranational banks and non-bank financial firms’ accounts into US$’s.

    The reserves are really assets by the PBoC held against supranational firms’ deposits in China, i.e., liabilities of the Chinese banking system.

    Now THAT is what most Americans don’t understand, and the central banks and their bankster owners don’t want us to understand.

  25. Kenz300 on Sun, 3rd Jan 2016 9:44 am 

    Wind and solar are the future…..fossil fuels are the past.

    China Clamps Down on Coal

    http://ecowatch.com/2016/01/02/china-clamps-down-on-coal/?utm_source=EcoWatch+List&utm_campaign=9a4c8c1d0e-Top_News_1_2_2016&utm_medium=email&utm_term=0_49c7d43dc9-9a4c8c1d0e-86023917

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