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Producción y mercados energéticos 29/01/19

Latest Energy News

29 January 2019

TOP STORY: China installed 20 GW of wind capacity and 44 GW of solar in 2018 According to the Chinese National Energy Administration, total installed power capacity in China rose by 6.5% in 2018 and reached 1,900 MW. Thermal capacities accounted for around 1/3 of new capacity additions. Renewable capacities – including hydropower – surged by 12% to around 728 GW, i.e. 38% of China’s installed capacity. Hydropower capacity increased by around 3% to 352 GW, while wind capacity rose by 12% (+20 GW) to 184 GW and solar capacity surged by more than 33% (+44 GW) to nearly 175 GW. According to preliminary statistics, domestic power consumption rose by 8.5% in 2018, as demand from the industrial sector rose by more than 7%. The demand from the service sector and from households was also very dynamic (+13% and +10%, respectively, in 2018). The country’s NDRC set a target of 1 900 TWh of renewable power generation by 2020 (+200 TWh compared to 2017 levels), to cover 27% of the country’s power generation. By this date, installed renewable power capacity should reach 680 GW (+50 GW compared to 2017 levels).

Companies Saudi Aramco plans to buy 20% stake of South Korea refiner Hyundai Oil Saudi Arabian oil group Saudi Aramco intends to acquire a 19.9% stake in South Korea’s fourth largest oil refining company, Hyundai Oil, from Hyundai Heavy Industries Holdings, which owns a 91.13% stake in the company. The transaction is estimate at KRW1,800bn (US$1.6bn). Hyundai Oil has a refining capacity of 650 000 bbl/d, produces petrochemicals and has an oil terminal at Ulsan. Read more Eni and OMV buy 35% stake in ADNOC Refining and set up trading JV (UAE) Italian energy group Eni and Austrian oil and gas company OMV have agreed to purchase stakes in the Abu Dhabi National Oil Company’s (ADNOC) refining business in the United Arab Emirates. Under the US$5.8bn deal, Eni will acquire a 20% stake (US$3.3bn) in ADNOC Refining and OMV a 15% stake (US$2.5bn), while ADNOC will retain a 65% stake. Read more Policy & Regulatory Germany approves €40bn roadmap for coal phase-out by 2038 The German Coal Commission has agreed to phase-out coal-fired power generation by 2038 at the latest and proposed €40bn in compensation for affected coal-mining regions. The Coal Commission (Commission for Growth, Structural Change and Employment in Germany) was set in June 2018 and included 28 members (from industry, academia, environmental groups,… Read more Colombia launches first renewable energy auction The Colombian Ministry of Mines and Energy has launched the country’s first long-term renewable energy auction. The auction will seek to award 1,183 GWh/year of long-term annual average energy contracts of 12 years. Read more Energy Markets Rosenergoatom’s nuclear generation hits new record in 2018 (Russia) Russian nuclear group Rosenergoatom has announced that its nuclear power generation in Russia reached a new record high in 2018, reaching 204 TWh (+0.7% compared with 2017 levels). Three nuclear power plants contributed to achieve this record production and accounted for 46% of Rosenergoatom’s total nuclear generation, namely the Kalinin nuclear power plant with 35 TWh,… Read more Infrastructure & Investments Peru will ensure natural gas supply to 18% of households by 2021 The Ministry of Energy and Mines (MEM) of Peru intends to ensure natural gas supply to 5.2 million Peruvians, i.e. 18% of the country’s households, by 2021. Universal gas supply is one of the pillars of the country’s 2010-2040 energy policy. By 2030, Peru aims to have 16 million Peruvians or 50% of the country’s households connected to the gas network. Read more