20
Jan

China's power generation grew by 2.7% in 2020 and consumption by 3.1%

According to the Chinese National Bureau of Statistics, China's coal production increased by 0.9% in 2020 to over 3.8 Gt and coal imports grew by 1.5% to 304 Mt. Crude oil production slightly increased in 2020 (+1.6%), and 670 Mt of crude oil were processed (+3%). China's gas production rose by 9.8% and gas imports increased by 5.3%. Power generation grew by 2.7% in 2020.

20
Jan

Algeria's oil and gas exports decreased by 11% in 2020

According to the Algerian Ministry of Energy, Algeria’s oil and gas exports decreased by 11% in 2020 (in volumes) and only raised US$20bn, i.e. 40% less compared to 2019. Indeed, the average price of oil fell to US$42/bbl in 2020, compared to US$64 in 2019, a loss of nearly US$23/bbl (-35%). Oil and gas account for 96% of Algeria's hydrocarbon and petrochemical exports.

Production and sales are expected to grow in 2021, thanks in particular to the start-up of production at the peripheral deposits of Gassi Touil and Hassi Bir Rekaiz, as well as the ramp-up of production at Tinrhert and the completion of the Hassi R'Mel Boosting for the Northern zone. The Algerian national hydrocarbon company Sonatrach intends to implement an investment plan of US$40bn over the next five years, including 51% in Algerian dinars (DZD), with the objective to ramp up production. The company will seek to meet the growing needs of the Algerian market, which is expected to reach 70 Mtoe from 2024, while maintaining a level of exports above 90 Mtoe/year, thanks to the production of new deposits in the South-West and South-East regions.

15
Jan

China's crude oil imports rose by 7.3% to 10.9 mb/d in 2020

According to the General Administration of Customs, China’s crude oil imports increased by 7.3% in 2020 to 542 Mt (10.85 mb/d), boosted by low prices and the start-up of new refineries. The country increased the first batch of crude oil import quotas for non-state companies by 18% to 122.6 Mt in 2021, reflecting the increased capacity of private refiners. In addition, China’s gas imports, including LNG, rose by 5.3% to 101.7 Mt, as a harsh winter and a quick economic recovery from the coronavirus pandemic boosted demand.

14
Jan

Russia's electricity consumption declined by 2.3% in 2020

According to the Russian power transmission system operator SO UPS, electricity consumption in the Unified Energy System (UES) of Russia decreased by 2.4% in 2020. Electricity consumption in Russia as a whole declined by 2.3% in 2020. Electricity generation in Russia in 2020 amounted to 1,064 TWh, which is 3% less than in 2019. Power plants in the UES produced 1,047 TWh (-3.1%), with thermal accounting for 53% of the total, nuclear for 21% and hydropower for 20%. Power plants for industrial enterprises accounted for 6% of total generation in the UES.