China sets ceiling on energy consumption in 2018, NEA General,  Policy 2018-03-09 10:07:00

China plans to control its energy consumption at 4.55 billion tonnes of standard coal in 2018, said the National Energy Administration on March 7 in a guideline.

The guideline noted the proportion of non-fossil energy use will be raised to 14.3% and that of natural gas to 7.5%, while coal consumption will be down to 59%.

In 2018, coal production will be controlled at around 3.7 billion tonnes, oil at 190 million tonnes; natural gas extraction will grow to 160 billion cubic meters and non-fossil power installed capacity will total 740 GW and its generation up to 2,000 TWh.

The guideline also said energy consumption per unit GDP will decline by more than 4%. The average coal burn for power generation will reduce 1 g/ KWh.

In 2017, China's energy consumption totaled 4.49 million tonnes of standard coal, up 2.9% year on year, in which coal consumption accounted for 60.4%, down 1.6 percentage points from a year ago; clean energy (natural gas, electricity from water, nuclear, sun and wind) consumption constituted 20.8%, compared with 19.5% in 2016.

In the guideline, de-capacity campaign will deepen in the coal sector. Those "zombie" coal enterprises that have been debt-ridden and loss-making for long should be phased out timely; cutback standard of overcapacity in the south should be appropriately elevated.

For the electricity sector, the NEA said market-oriented reform will be vigorously promoted this year, including the improvement of mid- and long- power trading mechanism and construction of the pilot spot market.

(Writing by Alex Guo   Editing by Harry Huo)
For any questions, please contact us by or +86-351-7219322.

Editors Recommendations

1 China Feb coking coal imports down 42.49% on mth 2018-03-23

China imported 2.91 million tonnes of coking coal in February, down 32.8% year on year and 42.49% from January, showed data from General Administration of Customs on March 23. The value o

2 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

3 China's power grid operator accomplishes an acquisition project in Chile 2018-03-23

At the stock exchange meeting in Santiago on local time March 19, China Southern Power Grid (CSG) finally stood out of the competition and managed to acquire 27.8% stakes of Chile's largest power grid

4 China Coal 2017 unit production cost leaps 21%, CFO 2018-03-23

China Coal Energy Co., Ltd, the listed subsidiary of China National Coal Group, saw its production cost for per tonne coal output climb 21% in 2017 from a year ago, said Chief Financial Officer Chai Q

5 China's coking coal road transport frequently affected by air pollution control 2018-03-22

After the Lunar New Year, China's environmental clear-out has strengthened and air pollution alarms have frequently gone off in the major coking coal bases, affecting coal output and trucks transport

6 China's natural gas peak-regulation capacity gap reaches almost 50% 2018-03-22

According to a plan from China's top economic planner the National Development and Reform Commission that "the sales party needs to build 10% of peak-regulation capacity matching with the natural g

7 Five Guodian Group's listed subsidiaries transfer to new shareholder CHNENERGY 2018-03-22

Five listed subsidiaries are transferring from the previous parent China Guodian Corp to the new shareholder China Energy Investment Group (CHNENERGY), as a following step to the historic marriage bet

8 China's Tangshan normalizes off-peak production strategy in steel sector 2018-03-22

To continuously improve air quality and win the battle defensing blue skies, China's top steel city Tangshan issued a notice recently to push ahead with environmental restrictions on local steel sec

9 China thermal coal prices keep downward trend; stocks ascend at N ports 2018-03-21

Spot prices of thermal coal, used mainly for power generation, continued to trend down at China's Bohai-rim ports, as demand was seasonally weak after this time of the year.

10 Shanxi's seven large state coal miners still deep in debt, despite good profits last yr 2018-03-21

In the past 2017, high coal prices did significantly improve the profitability of Chinese coal miners, but for Shanxi's seven provincial government-administrated coal enterprises, which are burdened

Most Read Articles

1 11 auctioned coal mines in India to start production from Jun 2018-03-19

As many as 11 coal blocks, which were non-operational at the time of auction, are likely to start production from June this year, Indian Parliament was informed on March 17. Among the 17

2 India coking coal imports up 12.1% in the first 11 mths of FY2018 2018-03-21

India coking coal imports increased to 43.53 million tonnes from 38.83 million tonnes during the first 11 months of FY2018 (April 2017 - February 2018), a jump of 12.1% over same period last year, acc

3 'Remarkable strides' in air pollution improvement, official 2018-03-19

China has made remarkable strides in containing and preventing air pollution over the past five years, according to Li Ganjie, minister of environmental protection. The concentrations of

4 State Grid to invest 21 bln yuan in upgrading China rural power grids over 2018-20 2018-03-21

The State Grid Corporation of China will invest 21 billion yuan ($3.2 billion) in upgrading power grids in some rural areas, reported Economic Information Daily on March 21. These r

5 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

6 Nippon Steel settles 1Q PCI, semi-soft coking contracts 2018-03-20

Japan's Nippon Steel and Sumitomo Metal (NSSMC) has agreed a first-quarter 2018 pulverised coal injection (PCI) contract price of $159/t FOB Australia with Australia-listed producer Realm Resources. T

7 Glencore to acquire Hail Creek coal mine in Queensland 2018-03-21

Glencore has reached agreement to acquire Rio Tinto's 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queens

8 11 mines allotted to Coal India to add 225 mln T in annual output 2018-03-22

Allocation of 11 mines to Coal India (CIL) arms - ECL, WCL and BCCL - will enhance its annual output by 225 million tonnes, Parliament was informed on March 21. CIL has requested the gove

9 China spends heavily on extinguishing coalfield fires 2018-03-22

China plans to invest nearly 80 million yuan ($12.6 million) this year to put out underground fires in three coalfields in Northwest China's Xinjiang Uygur autonomous region. The move wil

10 China's shift to clean heat will continue 2018-03-20

Farmers in Xinyu, a village in Haimen, Jiangsu province, install solar panels on their roofs. The panels will reduce the use of electricity generated by thermal power plants. China will u