“Statistical review of World Energy 2018”
2018-06-15
Elham Ansari-OGPC Analysis and Assessment servive/
The statical review of World Energy, that was collected by BP, shows that global energy demand growth was above its 10-year average in 2017. Primary energy consumption growth averaged 2.2% in 2017, up from 1.2 % last year and the fastest since 2013. This compares with the 10-year average of 1.7% per year.
Here’s a summary of what happened to the energy sources in the past year:
• Natural gas was the largest source of energy growth, boosted by coal-to-gas switching in China. Global natural gas production increased by 131 bcm, or 4%, almost double the 10-year average growth rate. Russian growth was the largest at 46 bcm, followed by Iran (21 bcm).
• Carbon emissions increased by 1.6%, after little or no growth for the three years from 2014 to 2016.
• Coal consumption increased by 25 million tonnes of oil equivalent (mtoe), or 1%, the first growth since 2013. Consumption growth was driven largely by India (18 mtoe), with China consumption also up slightly (4 Mtoe) following three successive annual declines during 2014-2016.
• Renewable power grew by 17%, higher than the 10-year average and the largest increment on record (69 mtoe). Wind provided more than half of renewables growth, while solar contributed more than a third despite accounting for just 21% of the total.
• Hydroelectric power rose by just 0.9%, compared with the 10-year average of 2.9%. China’s growth was the slowest since 2011, while European output declined by 10.5% (-16 mtoe).
• Global nuclear generation grew by 1.1%. Growth in China (8 mtoe) and Japan (3 mtoe) was partially offset by declines in South Korea (-3 mtoe) and Taiwan (-2 mtoe).
• Power generation rose by 2.8%, close to the 10-year average. Practically all growth came from emerging economies (94%). Renewables accounted for almost half of the growth in power generation (49%), with most of the remainder provided for by coal (44%).
• Cobalt production has grown by only 0.9% p.a. since 2010, while lithium production has increased by 6.8% p.a. over the same period. Cobalt prices more than doubled in 2017, while lithium carbonate prices increased by 37%.
Source: bp.com
2018-06-15
Elham Ansari-OGPC Analysis and Assessment servive/
The statical review of World Energy, that was collected by BP, shows that global energy demand growth was above its 10-year average in 2017. Primary energy consumption growth averaged 2.2% in 2017, up from 1.2 % last year and the fastest since 2013. This compares with the 10-year average of 1.7% per year.
Here’s a summary of what happened to the energy sources in the past year:
• Natural gas was the largest source of energy growth, boosted by coal-to-gas switching in China. Global natural gas production increased by 131 bcm, or 4%, almost double the 10-year average growth rate. Russian growth was the largest at 46 bcm, followed by Iran (21 bcm).
• Carbon emissions increased by 1.6%, after little or no growth for the three years from 2014 to 2016.
• Coal consumption increased by 25 million tonnes of oil equivalent (mtoe), or 1%, the first growth since 2013. Consumption growth was driven largely by India (18 mtoe), with China consumption also up slightly (4 Mtoe) following three successive annual declines during 2014-2016.
• Renewable power grew by 17%, higher than the 10-year average and the largest increment on record (69 mtoe). Wind provided more than half of renewables growth, while solar contributed more than a third despite accounting for just 21% of the total.
• Hydroelectric power rose by just 0.9%, compared with the 10-year average of 2.9%. China’s growth was the slowest since 2011, while European output declined by 10.5% (-16 mtoe).
• Global nuclear generation grew by 1.1%. Growth in China (8 mtoe) and Japan (3 mtoe) was partially offset by declines in South Korea (-3 mtoe) and Taiwan (-2 mtoe).
• Power generation rose by 2.8%, close to the 10-year average. Practically all growth came from emerging economies (94%). Renewables accounted for almost half of the growth in power generation (49%), with most of the remainder provided for by coal (44%).
• Cobalt production has grown by only 0.9% p.a. since 2010, while lithium production has increased by 6.8% p.a. over the same period. Cobalt prices more than doubled in 2017, while lithium carbonate prices increased by 37%.
Source: bp.com