India’s energy consumption rose by 5.4% in 2016; remained 3rd largest energy consumer in the world – BP

India’s share of global primary energy consumption reached 5.5% in 2016, BP said in its latest world energy review, adding that the country’s share of global coal consumption reached 11% in 2016 as it remained the second largest coal consumer in the world for the second consecutive year.

According to the Review, India had its largest increase in oil consumption, increasing by 325 Kb/d in 2016 and it was the third largest oil consumer in the world (4.6% of the global total).

Highlights:

  • Increasing consumption of oil (+7.8%), coal (+3.6%), gas (+9.2%) and renewables in power (+29.2%) outweighed declines in hydro (-3.6%) and nuclear (-1.3%).
  • Oil consumption in 2016 increased by 325 Kb/d, a record high, increasing its share in India’s primary energy consumption for the third successive year (to 29%). Coal remains the dominant fuel, accounting for 57% of India’s energy consumption.
  • India’s gas consumption rose in 2016 after three consecutive years of decline.
  • India’s coal consumption growth fell to nearly half the 10-year average to only 15 mtoe. Despite this, India’s share in global coal consumption rose to 11% in 2016.
  • Renewables in power rose by 29.2% in 2016, its largest increment ever. India is now the 7th largest renewable power generator in the world.
  • Energy intensity (the amount of energy required per unit of GDP) declined by 1.3% in 2016, a slower decline than the 10-year average of 1.6%.

The Review said that primary energy production grew by 1.7% (+8 mtoe) in 2016, less than half of its 10-year average. Domestic production was sufficient to meet only 56% of domestic consumption.

  • Growth in production of coal (+2.4%) and renewables in power (+29.2%) more than outweighed declines in oil (-2.3%), hydro (-3.6%), gas (-6.0%) and nuclear (-1.3%). · Growth in India’s refining capacity and throughput were the largest in the world, contributing 72% to the net growth in global refining capacity and 57% of global throughput growth.
  • Gas production declined by 6% in 2016, its sixth consecutive year of decline, taking it 21 Bcm below the peak of 49 Bcm in 2010.
  • Within renewables, the largest growth in volume terms was in wind (+36.5%), followed by solar (+81.3%) while biomass declined (-5.3%).
  • India’s crude oil imports rose by 370 Kb/d to 4.3 Mb/d, the highest level ever. Natural gas imports rose by 5.7 Bcm to 21.7 Bcm.

 

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