Energy Consumption NEWS

The Hyderabad-based company, which has shifted its focus from being a pure play independent green power producer to offering storage as an independent service, is constructing a network of four 50GWhrs or 10GW storage capacity.

The power consumption had dipped across the country due to lockdowns - both in the first and second wave of the coronavirus disease (Covid-19) pandemic. The economic activity was impacted due to lockdowns, which in turn led to fall in energy demand. India witnessed its highest ever demand of 200570 MW (or 200.57 GW) for power at on July 7, the Union power ministry said in a release on Tuesday. The figure is based on the system operations highlights for July 2021, put out by the Power System Operation Corporation Ltd (POSOCO), the ministry added. This number was 17.6 per cent higher than the country's demand for power in July last year, according to power ministry.

NEW DELHI : India's fuel consumption could rise by 9.8% in the year to March 2022, its highest pace of growth in six years, driven by robust demand for gasoline and gasoil in Asia's third largest economy, according to initial government projections.

The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and recovery in supplies, International Energy Agency said. IEA cut forecasts for world oil consumption in 2021 by 200,000 barrels/day as pandemic continues to limit travel and economic activity. It boosted projections for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.

National Energy Administration released a report of China’s energy consumption in a press conference on Monday. According to the report, natural gas demand climbed up to 16.8 percent, while consumption of crude oil has increased up to 2.5% in the first half of 2018. There has been an increase of 3.1% in the coal consumption. Furthermore, investments have decreased in thermal power utilities and increased in gas-related utilities.

Trade house Socar Ukraine, reportedly, imported close to 250 million cu m of natural gas in the first half of 2018, and became the leader in gas import to Ukraine. According to a report released by SOCAR Energy Ukraine, the gas import was 4-fold more versus the 2017 same term. CEO, SOCAR Energy Ukraine stated that the company will strive continuously to increase the import volume of natural gas.