Released January 18, 2022 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
EIA: U.S. Natural Gas Output to Rise in 2022 - U.S. natural gas production will rise to an all-time high in 2022, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook. The EIA projected dry gas production will rise to 96.04 billion cubic feet per day (Bcf/d) in 2022 and 97.55 Bcf/d in 2023 from the current record of 93.51 Bcf/d in 2021. (Reuters)
CRUDE OIL
China's Annual Crude Oil Imports Dip for First Time in 20 Years - China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down massive inventories. The fall in shipments to the world's top crude oil importer, to 512.98 million metric tons from 2020's 542.39 million metric tons, was shown in data from the General Administration of Chinese Customs on Friday. (Reuters)
POWER
Shell Says Electricity to Meet 60% of China's Energy Use by 2060 - China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) said on Monday. Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. China has mapped out plans to reach peak emissions by 2030, but has not yet revealed any detailed carbon roadmap for 2060. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
NATURAL GAS
EIA: U.S. Natural Gas Output to Rise in 2022 - U.S. natural gas production will rise to an all-time high in 2022, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook. The EIA projected dry gas production will rise to 96.04 billion cubic feet per day (Bcf/d) in 2022 and 97.55 Bcf/d in 2023 from the current record of 93.51 Bcf/d in 2021. (Reuters)
CRUDE OIL
China's Annual Crude Oil Imports Dip for First Time in 20 Years - China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down massive inventories. The fall in shipments to the world's top crude oil importer, to 512.98 million metric tons from 2020's 542.39 million metric tons, was shown in data from the General Administration of Chinese Customs on Friday. (Reuters)
POWER
Shell Says Electricity to Meet 60% of China's Energy Use by 2060 - China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) said on Monday. Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. China has mapped out plans to reach peak emissions by 2030, but has not yet revealed any detailed carbon roadmap for 2060. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
