(Yicai Global) April 30 -- China's energy consumption hit the fastest pace of growth in half a decade last year and the demand for liquefied natural gas rose beyond expectations.
China's energy consumption rose 3.3 percent from a year ago to reach 4.6 billion tons of coal equivalent, China National Radio reported yesterday, citing a report from the China Electric Power Planning & Engineering Institute. LNG consumption increased nearly 18 percent beyond the expected, reaching 280.8 billion cubic meters.
The proportion of non-fossil energy and LNG will continue to increase whereas that of coal will slowly decrease, the institute projected. Oil consumption will remain stable, it added. Clean energy made up 22 percent of the total energy mix in 2018 with an increase of 1.3 percentage point.
Electricity demand will climb about 5.8 percent this year, and the growth rate will drop from a year ago, Xu Xiaodong, associate dean of the research institute, told CNR at the report's release ceremony. LNG demand will jump over 10 percent to 310 billion cubic meters. Oil consumption will rise nearly 2 percent to 620 million tons. Demand for coal will stay generally stable at 4 billion tons.
China has improved the quality and efficiency of its energy sector, but certain types of power sources still have their seasonal and regional supply tensions, Li Zhi, lead supervisor at the National Energy Administration, said to CNR. China still has much to do to transform the structure of its energy sector toward the use of more clean energy, he added.
Editor: Emmi Laine