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China energy report

China energy report
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Format
2 files (PDF report, Excel file)
Pages
52 (Report only)
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Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

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 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.

Highlights

  • In its 14th Five Year Plan, China intends to supply 20% of its total energy consumption from non-fossil fuels in 2025, to achieve peak CO2 emissions before 2030 and to reach carbon neutrality in 2060.
  • The electricity and hydrocarbon sectors are dominated by large state-owned companies.
  • The share of coal in the power mix has decreased by 16 points since 2011 to 62% in 2022.
  • In 2020, a market-based system was introduced for industrial electricity users.
  • Gas prices in industry are similar to Japan and Korea, but much lower for households.
  • Energy consumption growth slowed down in 2022 (+3%) after a progression by 5% in 2021.
  • Coal dominates the energy mix (61% in 2022), but its share is decreasing rapidly (-10 points since 2010).
  • Although subsidy cuts have been announced, renewables are still attracting investors with large-scale projects.
  • Despite a cap on coal mine production, new projects continue to increase the coal capacity.
1st
energy consumer and in new power capacities
32%
of world energy- related CO2
emissions in 2021
50%

  • 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

    Oil:

    Oil production has been increasing since 2018 (+2%/year), reaching 214 Mt in 2022. It declined by 3.2%/year between 2015 and 2018 after increasing by 2%/year between 2000 and 2015. Most of the production is onshore and located in the fields close to the north-eastern coast. Offshore production is in full development, with the Bohai basin being one of the most active areas.

  • Energy Prices

    Oil:

    Gasoline and diesel prices follow international crude oil prices. No price adjustments take place, however, if international prices are below US$40/bl. The country plans to adapt the mechanism in order to better take into account domestic factors.

  • Energy Consumption

    Total energy consumption per capita is increasing regularly, reaching 2.7 toe/cap in 2022 (nearly 4 times that for India). Electricity consumption per capita increased by over 3% to 5 728 kWh in 2022, more than 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.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed Electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for induystry and households (US$c/kWh)
  • GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total Consumption market share by energy (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022,%)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The China energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • China Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the China energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.