1st
energy consumer and in new power capacities
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This analysis includes a comprehensive China energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
1st
energy consumer and in new power capacities
32%
of world energy- related CO2
emissions in 2021
50%
Abstract
Institutions & Energy Policy
NEA, the National Energy Administration, coordinates the national energy policy, manages energy conservation, and provides guidance about the integrated use of resources. It is a department of NDRC, the National Development and Reform Commission of the China State Council. NDRC formulates and implements medium and long-term strategies on social and economic development.
Energy Companies
Oil:
The oil sector is dominated by three state-owned companies: CNPC (China National Petroleum Corp), Sinopec (China Petroleum and Chemical Corporation), and CNOOC (China National Offshore Oil Corporation). CNPC and Sinopec are vertically integrated.
Energy Supply
Gas:
Production has been growing by 7%/year on average since 2010, which has made China the world's 4th largest producer, with 207 bcm produced in 2021 (+8%). Gas production and resources are concentrated in four Provinces: Tarim, Shaanxi-Gansu-Ningxia, Sichuan, and Qinghai.
Energy Prices
Electricity:
Electricity prices, which decreased between 2014 and 2019 (-7.1%/year for industry and -2.7%/year for households), remained stable in 2020 at US$9.7c/kWh and €7.9c/kWh. In 2021, prices rose to US$8.5c/kWh for households, while industrial prices remained stable. Industrial power tariffs vary from region to region.
Energy Consumption
Total energy consumption per capita is increasing regularly, reaching 2.6 toe/cap in 2021 (nearly 4 times that for India). Electricity consumption per capita increased by over 9% to 5 500 kWh in 2021, twice the 2010 levels.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
The main priorities are to increase production, diversify the supply sources (for security reasons), and tackle rising emissions. The country also continues to reform the electricity sector.
Below is a list of the China energy market report graphs:
In the China energy market report you will find the following tables:
The China energy market data since 1990 and up to 2021 is included in the Excel file accompanying the China country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The China country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The China country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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