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INSIGHT - CN65 Re: [OS] CHINA/ENERGY - Coal-powered energy consumption to decrease in Q4: NEA

Released on 2012-02-29 14:00 GMT

Email-ID 973892
Date 2010-10-28 03:18:20
In response to this article.

ATTRIBUTION: Australian contact connected with the government and
natural resources
SOURCE DESCRIPTION: Former Australian Senator. Source is
well-connected politically, militarily and economically. He has become a
private businessman helping foreign companies with M&As
I don't believe it at all. They say this stuff all the time, just as they
say that they are going to be self-sufficient in coal this year!
But they are still building coal fired power plants fast than they are
putting them out of commission. Usually these comments are made with the
intention to try to influence commodity prices. Consider the statements
they have made about iron ore consumption.

-------- Original Message --------

Subject: [OS] CHINA/ENERGY - Coal-powered energy consumption to
decrease in Q4: NEA
Date: Wed, 27 Oct 2010 12:47:44 -0500
From: Clint Richards
Reply-To: The OS List
To: The OS List

Coal-powered energy consumption to decrease in Q4: NEA

2010-10-27 14

China's demand for coal-powered energy is expected to drop in the fourth
quarter. But China's energy authorities say diesel and petrol
consumption will remain high.

The National Energy Administration, the energy sector's governing body,
believes the government's efforts to cut emissions will bear fruit in
the fourth quarter.

Wang Siqiang, an official at National Energy Administration, says demand
for coal will cool. That's due to the slower growth of the industry.

Wang also says the annual net import of coal is expected to increase by
16 percent from a year ago.

"We predict that the demand and supply of coal will be largely balanced
in the fourth quarter, and supply is relatively abundant," said Wang

Wang also says investment in power plants will remain relatively strong,
with the whole year's newly built installed capacity expected to reach
90 million kilowatts.

He says some regions in the Southwest and Central China will experience
a crunch in hydro-power supply, due to lower water volumes in some
rivers during the winter season.

According to Wang, the supply of processed oil will be sufficient in the
last quarter of this year, with demand continuing its growth trend.

Diesel fuel consumption is forecast to retain growth, as industrial
manufacturing and construction engineering enter peak season.

Petrol consumption is also expected to experience a boom, with
burgeoning car sales.