Statistics: China’s crude oil and natural gas production continued to grow from January to February
Statistics today from China’s National Bureau show decline in the production of industrial coal and electricity, and continued increase in crude oil and natural gas production.
Raw coal production declined. From January to February, 490 million tons of raw coal was produced, with an average daily output of 8.15 million tons, a year-on-year decrease of 6.3%; imported coal was 68.06 million tons, a year-on-year increase of 33.1%.
Crude oil production continued to increase, while processing volumes have declined. From January to February, 32 million tons of crude oil were produced, with an average daily output of 533,000 tons, an increase of 3.7% year-on-year; imported crude oil was 86.09 million tons, an increase of 5.2% year-on-year; %. International crude oil prices fell sharply. On February 28, the FOB spot price of Brent crude oil was $51.3 / barrel, a decrease of $16.5 or 24.3% since December 31 2019.
Natural gas production has grown rapidly. From January to February, natural gas production was 31.4 billion cubic meters, with an average daily output of 520 million cubic meters, a year-on-year increase of 8.0%; imported natural gas was 17.8 million tons, a year-on-year increase of 2.8%.
Electricity production declined. From January to February, the power generation was 1,026.7 billion kWh, and the average daily power generation was 17.11 billion kWh, a year-on-year decrease of 8.2%. Thermal power and hydropower have experienced large declines, nuclear power and wind power have fallen slightly, and solar power has grown steadily. Among them, thermal power decreased by 8.9% year-on-year, hydropower decreased by 11.9%, nuclear power decreased by 2.2%, wind power decreased by 0.2%, and solar power generation increased by 12.0%.
Click here for NBS’s official stats.