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Producción y mercados energéticos 10/12/18

Enerdata
Latest Energy News 10 December 2018
EXECUTIVE BRIEF: Transport Efficiency Improving in Emerging Countries
Energy consumption for transport decoupling from GDP growth

Transport is usually the fastest growing sector for energy demand in emerging and newly industrialized countries, which are the focus of this analysis1. Thus, as transport’s share in final energy consumption2 increases, the sector becomes ever more crucial for understanding the changing energy demand landscape in emerging countries.
The goal of this month’s brief by Bruno Lapillonne, Enerdata co-founder and internationally recognised expert on energy demand and efficiency, is to shed light on this topic.

Energy consumption from transport is growing rapidly in emerging countries. It increased on average 7 to 8% per year in China and India between 2000 to 2017. In Turkey, Malaysia, Egypt, Saudi Arabia and the UAE, annual growth was between 4 and 5%. Furthermore, because the sector consumes primarily fossil fuels, transport has an outsized impact on GHG emissions relative to its portion of a country’s total energy demand. In four of the countries analysed, transport is by far the highest consuming sector, accounting for up to 45% of final energy consumption3, and making its emissions impact even more important.

Economic Indicators: Transport Intensity of GDP

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Companies

Chevron will invest US$17bn in upstream projects in 2019

US-based oil and gas major company Chevron has announced a 2019 organic capital and exploratory spending programme reaching US$20bn. Most of these investments will be headed to support its ongoing and future upstream operations (around US$17bn, including US$7.6bn in the United States) and the remainder will be dedicated to its downstream assets (US$2.5bn) and others.

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Policy & Regulatory

Poland will auction 55.8 million EUA in 2019

The Polish government has announced plans to auction 55.8 million EUA (European Emission Allowances) from a special reserve intended to support utility investments in renewable energy,…

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EPA plans to ease CO2 emission rules for coal-fired plants (US)

The United States Environmental Protection Agency (EPA) has proposed to ease CO2 emissions rules set up in the New Source Performance Standards (NSPS). Under the Clean Air Act (CAA), the EPA has proposed to revise the existing rules requiring new coal-fired power plants to use the best system of emission reduction (BSER),…

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UK government plans to hold T-1 power capacity auction in summer 2019

The British government intends to hold a T-1 «top up» auction in summer 2019 for delivery the following winter (2019-2020), in spite of the European Court of Justice having cancelled the state aid approval given by the European Commission for the country’s power capacity market.

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Energy Markets

OPEC countries and Russia agree to cut output by 1.2 mb/d

OPEC and non-OPEC oil producers have reached an agreement to jointly reduce crude oil production by 1.2 mb/d, effective as of January 2019 for an initial period of six months, in an attempt to ease the global glut and strengthen low prices. This amount will be shared among OPEC countries (0.8 mb/d) and non-OPEC countries such as Russia (0.4 mb/d). However,….

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Polish coal producer JSW seeks to grow its output through acquisitions

Polish coking coal producer JSW (Jastrzębska Spółka Węglowa) has unveiled plans to increase its output by 2.5 Mt/year to 3 Mt/year through acquisitions. Its 2030 production target has been set at 18 Mt/year, much above the current 14.8 Mt/year (including all types of coal). However, the share of thermal coal in its production will dwindle from the current 25% to 10%.

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Forecasts

Germany will assess 20 GW offshore wind capacity possibility by 2030

The German Association of wind park operators BWO (Bundesverband der Windparkbetreiber Offshore) has welcomed the government’s plans to instruct the Federal Maritime and Hydrographic Agency (BSH) to assess the possibility of increasing the country’s 2030 offshore wind capacity target from 15 GW to 20 GW. According to the organisation,…

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Infrastructure & Investments

Gazprom commissions Ukhta–Torzhok-2 45 bcm/year gas pipeline (Russia)

Russian state-run energy company Gazprom has commissioned the 45 bcm/year Ukhta-Torzhok 2 gas pipeline located between the Yamal peninsula and the gulf of Finland (Russia). The construction of the 970 km long project started in 2015. It is meant to supply additional gas from the Yamal peninsula to northwestern Russia for the needs of domestic consumers and for export purposes,…

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CGN installs pressure vessel at Hongyanhe-6 nuclear project (China)

Chinese nuclear group China General Nuclear (CGN) has installed the reactor pressure vessel (RPV) at the 1,080 MWe Hongyanhe-6 ACPR-1000 nuclear reactor, which is currently under construction in China’s Liaoning province.

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