China signs $50 billion U.S. dollars in oil projects this month

Red___Sword

Junior Member
Martian, the way you put the last three posts, you should damn get hired for some University academic positions in China.

Many Chinese "academic bosses", when they deliver such "research founds", they either uses typical Baguwen data which got nothing to do with "news", or "talking news" with no academic data to support, at all.

Attitude, I bluff you not gentlemen, it is the attitude of those "academic bosses" ruins today's China's university. (They are not necessary being "dump" on what they do, they just present their research in the dumpest way)

Remark: I read relatively lots of research claims, but I never read any "academic boss" present the idea of "China is still the most energy-independent country" the way Martian put, easy and convincing.
 

Spartan95

Junior Member
Re: China imported only 8.7% of its energy in 2008

China's overall energy use in 2008 was 2,131 million tons of oil equivalent (Mtoe) (see
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). Six percent of 2,131 Mtoe is 128 Mtoe.

In 2008, China's import of energy was 2,148 Terawatt-hours (TWh). Since one Mtoe equals 11.63 TWh, China's imports were 185 Mtoe. (See
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). [185 imported Mtoe / 2,131 total Mtoe] * 100 = 8.7% imported Mtoe.

It does appear the journalist was wrong. China's total imports of energy in 2008 was 8.7% (e.g. [2,148 TWh imported / 24,614 TWh total] * 100 = 8.7%). (See
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)

Nevertheless, China is still the most energy-independent among the world's four-largest economies.

1. China - 8.7% reliance on energy imports
2. U.S. - 22%
3. Germany - 60%
4. Japan - 80%

Total domestic energy produced is the sum of domestic coal, hydropower, nuclear, oil, natural gas, wind, solar, geothermal, and biomass. Imported oil comprises only a small portion of China's overall energy use.

Thanks for the interesting information.

Was trying to figure out what the 185MToe imports consists of, but have yet to find a detailed break-down of it. What I was able to find are the various types of energy that PRC is importing:

1. Oil imports are already quoted in my earlier post (55.2% for Jan-May 2011)

2. Natural gas imports are rising (~24.7% for Jul 2011: 2.7 billion cu m imported, 8.2 billion cu m produced locally)
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3. PRC also imports coal, but the amount of imports is hardly significant (less than 1%)
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4. PRC imports a lot of nuclear fuel (~95.5% for 2010: 17,136 tons of uranium imported in 2010, with domestic production of 827 tons)
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However, given that coal and hydro are the main sources of power generation in PRC, and they are actually largely self-sufficient in these 2 areas, the 8.7% energy imports is probably correct.

With better energy efficiency and more renewable sources, the percentage of energy imports for PRC may well decline in the years ahead.
 

Martian

Senior Member
China grows by "a Germany" in electricity consumption this year

b9YOH.jpg

Work on Xiluodu, China's second-largest hydroelectric power station after the Three Gorges Dam, is expected to be completed in 2015. (Photo/Xinhua)

Last year, China consumed 4,190 Terawatt-hours of electricity. Electricity consumption growth for this year is 12%, which means China's projected total 2011 electricity consumption is 4,693 Terawatt-hours.

The growth in China's 2011 electricity consumption will be 503 Terawatt-hours, which is nearly the total amount of electricity consumed in Germany or India for an entire year! China will consume as much electricity this year as the United States and India combined!

[Note: Caption credit --
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. Xinhua photo of Xiluodu dam (shown above) is from March 22, 2009.

In a previous post, I noted CNN reported China's Three Gorges Dam (84.7 billion kilowatt-hours) produces the electricity of 21 Hoover Dams (4 billion kilowatt-hours). (See
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)

China's new Xiluodu dam is expected to generate 64 Terawatt-hours (TWh), which is equivalent to 16 Hoover Dams. (See right-hand-side chart at
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)]

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"China's power consumption up 12.2 pct in first seven months of 2011
English.news.cn 2011-08-14 11:25:28

BEIJING, Aug. 14 (Xinhua) -- China's National Energy Administration (NEA) announced Sunday that the country's total electric power consumption rose 12.2 percent from a year earlier to 2.69 trillion kilowatt-hours (kwh) during the first seven months of this year. (article continues)"

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From my post earlier this year:

China overtakes United States as world's-largest electricity consumer

In 2010, China became the first country in the world to exceed the 4,000 terawatt-hours threshold. China consumed 4,190 terawatt-hours of electricity. The United States fell into second place by consuming only 3,876 terawatt-hours of electricity. All hail the new king!

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"China's power consumption up 14.56 pct in 2010 -Xinhua
Mon Jan 17, 2011 2:18am GMT

BEIJING Jan 17 (Reuters) - China's total power consumption in 2010 rose 14.56 percent year on year to more than 4.19 trillion kilowatt-hours, official news agency Xinhua said, citing data from the China Electricity Council."

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"2011 Electricity Demand To Fall Slightly On More Normal Temps - EIA
JANUARY 11, 2011, 2:16 P.M. ET

NEW YORK (Dow Jones)--Electricity demand consumed across the U.S. is expected to fall in 2011 after surging higher last year on extreme hot and cold temperatures, according to the Department of Energy's short-term energy outlook released Tuesday.

Electricity consumption closely tracks growth in economic activity. But last year unusually hot and cold weather caused demand to rebound sharply as households cranked up their air conditioners and heaters, depending on the season. This activity snapped a rare two-year decline in power demand, caused by the housing crisis that deepened into the worst economic downturn seen in the U.S. in decades.

Total U.S. energy consumption, which rose 4% last year to 10.62 billion kilowatt hours a day, is now expected to significantly lag economic activity amid the return to "more normal temperatures," according to the Energy Information Administration's monthly short-term energy outlook."

[Calculation: 10.62 terawatt-hours a day * 365 days per year = 3,876 terawatt-hours of electricity consumed by U.S. in 2010]

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From my post last year:

Is China's Real Economy Already the Size of the U.S.?

Electricity is a good reflection of the real size of an economy. According to Lester Thurow (a famous economist and former dean at the MIT Sloan School of Management), electricity is a fundamental component of economic activity. The measurement of electricity consumption does not suffer from monetary exchange rate distortions caused by currency traders.

In 2009, China consumed almost as much electricity as the United States (i.e. 3,643 vs. 3,741 terawatt-hours). Using electricity consumption as the measurement standard, China's economy is already approximately the size of the U.S. economy.

Why do we think that China's economy will keep booming for the next ten years? China has been busy signing Free Trade Agreements (i.e. FTAs) with Southeast Asia and Latin America that come into effect this month. (See
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and
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)

Based on new information, I amended the data in the following table on estimated Chinese power consumption.

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Rank.....Country.............Value (kW-hours)............Date of Info
1..........United States....3,741,485,000,000.......2009 (actual, see below)
2..........China................3,643,000,000,000.......2009 (actual, see below)
3..........European Union....2,884,000,000,000..........2007 est.
4..........Russia................1,023,000,000,000 ..........2007 est.
5..........Japan.................1,007,000,000,000 ..........2007 est.
6..........India.....................568,000,000,0 00...........2007 est.
7..........Germany................547,300,000,000. ..........2007 est.
8..........Canada..................536,100,000,000 ...........2007 est.
9..........France...................447,200,000,00 0...........2007 est.
10........Brazil.....................404,300,000,0 00...........2007 est.

References:

United States:
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China:
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[video=dailymotion;xjtk3y]http://www.dailymotion.com/video/xjtk3y_power-consumption-grows_news[/video]
 
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Equation

Lieutenant General
Re: NITC orders six LNG carriers from China

001109b42f9b095ff68802.png

Dapeng Sun, China's first self-built liquefied natural gas carrier, is delivered to its owner in Shanghai. The vessel, which cost US$160 million to build, has a capacity of 147,000 cubic meters, or about 70,000 tons, of LNG. Built by Shanghai-based Hudong-Zhonghua Shipbuilding (Group) Co, the ship will sail on the Australia-Guangdong route to load the clean fuel to south China. (Note: Photo is from Shanghai Daily April 4, 2008)

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"NITC orders six LNG carriers in China
31/05/2010

Dalian: Iranian tanker giant NITC has ordered a landmark series of six LNG ships in China. Just like a decade ago when NITC ordered the first ever VLCCs for export from China, this deal, revealed over the weekend, is the first time an overseas firm has signed for gas ships in the People’s Republic.

"Based on estimates, each tanker has been priced between $200mln to $220mln, meaning that for building six tankers initially demanded by Iran from China, we need $1.2bn in credit," Mohammad Souri, President and CEO of NITC, said Sunday. For NITC these are its first gas ships, and mean that Iran could be exporting gas by ship as early as March 2012.

Chinese media suggest NITC has plumped for Shanghai Waigaoqiao Shipbuilding. SWS has never built LNG ships before. China's only yard versed in this high-tech construction has been Hudong-Zhonghua, also from Shanghai, which has been building a series of six, (including Dapeng Sun, pictured) for a domestic consortium involving Cosco.

Chinese energy majors have signed a series of deals with Iran over the past three years to develop Iranian gas fields. [31/05/10]"

[Note: Thank you to "Marchpole" for finding the story.]


Definitely look a lot different from those 'half domes' containers that I'm use to seeing carrying LNG.
 
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