China’s energy consumption to grow in 2016
According to the NEA’s predictions, China’s crude oil demand will reach 11 million barrels of oil per day (550 million tons) in 2016 while demand for natural gas will increase to 205 billion cubic meters. Electricity consumption will also climb to 5.7 trillion kilowatt-hours (kwh) and coal consumption will be 3.96 billion tons in 2016.
For 2015, the NEA reported that China’s energy consumption posted its weakest growth since 1998, expanding only 0.9%.
Natural gas is expected to account for 6.2% of China’s primary energy needs in 2016 while coal’s share will decline to approximately 62.6% from 64.4% this year. Non-fossil fuels will make up 13.2% of China’s primary energy needs, up from 12% this year. Renewable power will account for 1.7 trillion kwh in 2016.
In 2016, China’s crude oil production is expected to reach 4.4 million bpd (220 million tons) while natural gas production, including shale gas and coal-bed methane, is expected to rise to 140 billion cubic meters. As of March 2016, China will suspend approvals of coal mining projects for three years and aims to close more than 1,000 mines that have “fallen behind.”
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