Natural Gas Current Affairs - 2019
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The output from the eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a growth of 2.1 per cent in February, compared to the corresponding month last year as per the data from the Ministry of Commerce and Industries.
How Core Industries Performed?
- The production of cement (weight: 5.37%) grew at 8%, the most of all core industries.
- Coal (weight: 10.33%) production rose by 7.3%.
- Crude oil (weight: 8.98%) output increased by 6.1%.
- Steel production (weight: 17.92%) increased by 4.9%.
- Natural gas (weight: 6.88%) production increased by 3.8%.
- Fertilisers (weight: 2.63%) production increased by 2.5%.
- Electricity production increased by 0.7%.
- The output of refinery products (weight: 28.04%) declined by 0.8% in February.
The combined Index of Eight Core Industries stood at 125.8 in February 2019 and it was 2.1 per cent higher as compared to the index of February 2018. The cumulative growth of the core industries during April to February 2018-19 was 4.3 per cent.
The Global Energy & CO2 Status Report released by the International Energy Agency (IEA) makes the following observations:
- China, the US and India together accounted for nearly 70 per cent of the rise in energy demand and energy demand worldwide grew by 2.3 per cent last year.
- The rise in energy demand was driven by a robust global economy and stronger heating and cooling needs in some regions.
- Natural gas was the fuel of choice and it witnessed the biggest gains accounting for 45 per cent of the rise in energy consumption. Gas demand growth was especially strong in the US and China.
- Demand for all fuels increased and nearly 70 per cent of the demand growth was met through fossil fuels.
- Solar and wind generation witnessed a double-digit pace, with solar alone increasing by 31 per cent. But this was not fast enough to meet higher electricity demand around the world which resulted in increased use of coal.
- Global energy-related carbon dioxide emissions increased by 1.7 per cent to 33 gigatonnes (Gt) in 2018.
- Coal use in power generation surpassed 10 Gt and accounted for a third of the total increase.
- Majority of coal-fired generation capacity was concentrated in Asia, with 12-year-old plants on average, decades short of average lifetimes of around 50 years.
- Electricity continued to position itself as a fuel of the future, with global electricity demand growing by four per cent in 2018 to more than 23,000 terawatt hours.
- China remains the leader in renewables, both for wind and solar, followed by Europe and the US.
- Energy intensity improved by 1.3 per cent last year which was half the rate witnessed in the period between 2014 and 2016. This third consecutive year of the slowdown was the result of weaker energy efficiency policy implementation and strong demand growth in more energy intensive economies.
The findings are part of the IEA’s assessment of global energy consumption and energy-related carbon dioxide (CO2) emissions for 2018. The report provides a high-level and up-to-date view of energy markets, including the latest available data for oil, natural gas, coal, wind, solar, nuclear power, electricity and energy efficiency.