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World Energy Outlook 2017

https://www.iea.org/weo2017/

 

Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017:

- the rapid deployment and falling costs of clean energy technologies,

- the growing electrification of energy,

- the shift to a more services-oriented economy and a cleaner energy mix in China, and

- the resilience of shale gas and tight oil in the United States.

 

These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. How these developments play out and interact is the story of this year's Outlook

China will account for a third of new wind and solar power installations and 40 per cent of electric vehicle investments up to 2040. Meanwhile, its coal use peaked four years ago and it will cede its role as the driver of global oil demand to India after 2025.

 

Underscoring the shift is a maturing economy that is moving away from energy-intensive industry, and government policies aimed at cleaning up air pollution that causes almost 2 million premature deaths a year.... Falling costs of renewables also play a role, as solar is expected to become China's cheapest source of new electricity additions, surpassing natural gas by 2020 and coal by 2030.

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Article doesn't mention the country China sourced the LNG from

 

China imports 4.71m tonnes of liquefied natural gas in August

Xinhua | Updated: 2018-09-23 13:5

BEIJING - China imported 4.71 million tonnes of liquefied natural gas (LNG) in August, up 51.5 percent year on year, the country's customs authority said Sunday.

 

Total LNG imports in the first eight months reached 32.63 million tonnes, up 47.8 percent year on year, according to the General Administration of Customs.

 

China surpassed the Republic of Korea to become the world's second-largest importer of LNG in 2017, according to IHS Markit, a global marketing information company.

 

China's imports of natural gas have grown to meet increasing domestic consumption, primarily driven by environmental policies to replace coal-fired electricity generation.

 

An industry report says, the country is likely to surpass Japan to become the world's largest natural gas importer by 2019, with imports expected to reach 171 billion cubic meters by 2023, mostly LNG.[/quote]

http://www.chinadaily.com.cn/a/201809/23/W...cc775e7b8f.html

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China says 'huge potential' for Australian LNG industry from US trade war

extract

Shanghai | China says there is "huge potential" for Australia's liquefied natural gas (LNG) industry from its trade war with the United States after imposing tariffs on rival American imports of the important energy source being encouraged by Beijing to clean up pollution.

 

China has imposed import tariffs on American LNG imports as part of its latest $US60 billion worth of tariffs in response to US President Donald Trump's latest round of tariffs.

 

A senior Chinese trade official on Tuesday suggested this could benefit Australia and other countries exporting LNG to China.

 

read more - https://www.afr.com/news/world/asia/china-s...20180925-h15tp5

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Talk about Bizarre!.

From ABC News

 

Industry leaders are celebrating the approval of a $250 million gas import terminal in New South Wales which is tipped to meet the majority of the state's gas needs and secure thousands of manufacturing jobs.

 

Key points:

$250m gas import terminal approved for construction at Port Kembla

Experts say hub will shore up state's gas supply and create thousands of jobs

Deputy Premier says project could affect the need for coal seam gas

The NSW Government announced it had given the green light for the project on Monday, which would involve building a new berth at Port Kembla, south of Sydney, to house a floating liquid natural gas (LNG) handling facility.

 

A consortium backed by billionaire Andrew Forrest and Japanese energy giants is behind the project, and will be subject to conditions aimed at minimising impacts of dredging in the harbour, as well as regulating air and water discharges during construction.

 

"We've heard from manufacturers about the cost of energy, especially around gas," NSW Deputy Premier John Barilaro said.

While it is widely considered a gamechanger in the way gas is accessed in the NSW market, it remains unclear whether the importation of gas will negate the need for domestic coal seam gas (CSG) production.

 

Gas company Santos is awaiting approval for its highly controversial Narrabri Gas Project in the state's north west, and Mr Barilaro said a final decision would be made on it later this year.

 

"Coal seam gas is a form of gas, [that] in its extraction âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¦ does make gas a little bit more expensive, so there are other arguments âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€šÃ‚ not only the impacts it will have on aquifers," Mr Barilaro said.

 

"The reality here today is we want to see gas here in the New South Wales market, be it CSG, be it liquified natural gas that comes through pipelines from the Bass Strait."

 

If the other states ban CSg, fracking, onshorer/offshore exploration, where in the hell do they think this import terminal will get its gas?? From other countries?

 

We sit on huge amounts of petroleum products but laud the spending of billions on a import terminal.

 

 

Balmy!

 

Mick

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Greenies are happy to have won, business is happy too ...greenies say govt will pay for it while business /finance will make a fortune skimming off the top through PPE. Assets left in the ground ala Narrabri and elsewhere for next time around to wash hands and repeat process....privatise profits and socialise debt...just have to make sure you are on right side of equation as some made a motza in ESG .. Eastern Star Gas and others lost heaps

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