Chinese School - Energy consumption up 8.4% in 2006

BIZCHINA / Center

Energy consumption up 8.4% in 2006

(Xinhua)
Updated: 2007-07-03 10:54

China's primary energy consumption rose by 8.4 percent in 2006, six
percent more than the growth rate of global consumption, according to a
report released by BP on Monday.

The world consumption rose 2.4 percent last year, slowing from a rise of
3.2 percent in 2005, according to the BP Statistical Review of World
Energy.

China consumed 1.7 billion tons of oil equivalent in 2006, accounting for
15.6 percent of the world's primary energy consumption, the report showed.

More energy was consumed by developing countries in 2006 while the OECD
countries slowed down in energy consumption growth, said Christof Ruhl,
an economist with the BP group.

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The rise of global carbon emission is higher than the growth of global
energy consumption in 2006, due to the sharp rise in coal consumption in
the world, he said.

China consumed 350 million tons of crude oil, up 6.7 percent from 2005,
while its oil output rose by 1.6 percent to 183.7 million tons in 2006.
China's dependency on oil imports stood at 47 percent in 2006.

According to statistics of BP, the spot Brent price for crude oil
averaged 65.14 U.S. dollars per barrel in 2006, nearly 20 percent higher
than the 2005 average with price peak at above 78 U.S. dollars per barrel
in last August.

The global oil consumption grew by 0.7 percent in 2006, the weakest
growth since 2001 and only a half of the 10-year average, owing to the
soaring oil price.

World total oil output reached 3.9 billion tons, up 0.4 percent from a
year ago, according to the report.

China is also catching up in gas production and consumption. It consumed
55.6 billion cubic meters of natural gas, up 21.6 percent from 2005, and
produced 58.6 billion cubic meters, a year-on-year growth of 17.2 percent.

The global natural gas consumption grew by 2.5 percent and gas output
rose by 3 percent in 2006.

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