MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

China to Increase Non Fossil Fuel Share in Total Energy Mix in 2023

ENERGY

China to increase non-fossil fuels to 18.3% of the total energy mix in 2023, up from 17.5% in 2022 according to the National Energy Administration on 12 April.

  • Non-fossil fuel power generation capacity including solar, wind, hydro and nuclear is expected to increase to about 51.9% of the total installed capacity of 2,790 GW in 2023 from 49.6% of 2,560 GW at the end of 2022 according to China Electricity Council.
  • China plans to increase total energy supply to 4.75bn mt of standard coal equivalent in 2023, up from 4.41bn mt planned in 2022. Energy consumption was 5.41bn mt in 2022 according to the National Bureau of Statistics.
  • China will continue to enhance oil and gas exploration and development efforts in 2023, including increasing crude oil production from the Mahu, Fuman, Bayan and Bohai projects. China produced 204m mt of crude and 217.8bcm of natural gas in 2022 according to the National Bureau of Statistics.
  • It will also accelerate natural gas production projects and will prioritise the construction of underground gas storage, supplemented by coastal LNG storage tanks.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.