Eni presents the second quantity of the World Oil and Gas Review, the annual statistics report on world reserves, manufacturing and consumption of oil and pure gasoline, which marks the 16th version this yr. This quantity follows the primary one revealed in July and targeted on oil and the refining business. It offers figures and statistics on pure gasoline, biofuels, and, for the primary time, on trendy renewable power sources (wind and photo voltaic), that are key parts within the power transition in direction of a low carbon future. Solar and wind figures seek advice from the ability sector since their contribution to main power demand remains to be marginal, round 1%.
In 2016, world gasoline reserves elevated by zero.9%. This pattern was pushed by the United States, the place reserves grew after a lower in 2015, and by Nigeria and Iraq. Russia stays the highest holder of gasoline reserves (25% of the world’s complete). Among the highest ten, six are OPEC international locations with 32% of the world’s complete.
World gasoline manufacturing elevated by zero.7%, pushed primarily by new Australian LNG crops. In the US, the world’s largest producer of pure gasoline, manufacturing barely declined (-Three.2%), after a 10 yr of progress pushed by the shale gasoline increase. In Europe, Norway’s manufacturing was nearly flat after a robust soar in 2015, while output continued to say no within the European Union (-Three%). In Russia, the world’s second gasoline producer, output resumed progress after the decline registered final yr.
World gasoline demand recorded sturdy progress in 2016 (+2%), due to a robust restoration in Europe (+5.four%), primarily as a result of energy sector and climate circumstances, and within the Asia-Pacific area (+5.1%), led by robust demand in China (+eight.6%). Gas demand additionally rose considerably in India and South Korea; UK, Germany, Italy, and France reported the best will increase in Europe.
At the tip of 2016, put in photo voltaic and wind capability (296 and 467 GW respectively) accounted for nearly 40% of complete put in renewable energy capability (about 15% of all energy sources). China leads the marketplace for photo voltaic and wind with an put in capability of 226 GW (30% of the world complete).
In 2016, photo voltaic photovoltaic capability additions grew by 50% in comparison with 2015, reaching a file 71 GW pushed by declining price of know-how. Wind capability elevated by 51 GW, however additions fell by 21% vs 2015. Total new installations have been concentrated in China (44%). North America (+21 GW), due to new photovoltaic installations, barely overtook Europe (+19 GW), the place wind led the expansion. (Source: Eni – Image: TEP / Red Horse Project, Wilcox, Arizona)
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