According to preliminary data from the National Bureau of Statistics, China’s fossil fuel production continued to rise in 2019. China’s raw coal production increased by 4.2% in 2019, in line with the continuing of the supply-side structural reform. Coal imports also rose by 6.3%, benefiting from declining prices. The decline in crude oil production since 2015 reversed in 2019, as the major domestic oil fields had a stable production growth trend and crude oil production rose by 0.8%. In addition, crude oil imports rose by 9.5% and inputs to Chinese refineries rose by 7.6%. China's gas production soared by 9.8% in 2019, while imports rose by 6.9%. Finally, power generation increased by 3.5%.
According to the Ministry of Energy and Mines of Peru, power generation in Peru rose by 3.8% in 2019. Thermal power generation grew by 5%, while renewable power generation increased significantly: wind power generation rose by 10% and solar generation by 2%. Hydropower generation posted a 29% surge in December 2019, compared to December 2018. In December 2019, most of electricity output was generated in the central zone of Peru (80%), 12% in the southern regions, 6% in the northern region and 1.5% in the east.
According to the Central Electricity Authority of India, electricity consumption increased by only 1.1% in 2019, its slowest annual pace since 2013. In December 2019, electricity consumption declined for the fifth month in a row, reaching 100.8 TWh (-0.5% compared with December 2018), despite a rise in consumption in the industrialised states of Maharashtra and Gujarat. Electricity consumption had fallen by 13% in October 2019 (compared to October 2018), its steepest drop in 12 years, reflecting a slowdown in industrial consumption. In October 2019, the IMF lowered its growth forecast for India by 0.9 point to 6.1% in 2019.
According to preliminary data from the General Administration of Customs, China’s energy imports continued to increase in 2019. Crude oil imports rose by 9.5% to nearly 506 Mt (10.1 mb/d), as two 400,000 bbl/d refineries commissioned in 2019 – Hengli Petrochemical in Dalian (northeast China) and Zhejiang Petroleum and Chemical in Zhoushan (eastern China) – are fostering China’s crude oil demand. Meanwhile, imports of petroleum products declined by 8.7% in 2019 to 31 Mt, and that of fuel oil by nearly 11% to less than 15 Mt. Natural gas imports continued to grow in 2019 (+6.9%), as China is seeking to raise the share of gas in its energy mix. Coal and lignite imports increased again (+6.3%), reaching 300 Mt.