China has surpassed the US as the world`s largest consumer of energy in 2010, according to the BP Statistical Review of World Energy released yesterday.
- China`s share of global energy is now a whopping 20.3% while it was 19% for the US. India`s share was a meagre 4.4%
- China`s share of global coal consumption is a whopping 48.2% in relation to 14.8% only for the US and 7.8% for India.The following picture emerges when a comparison is made between India with China :
- At the end of 2010, proved reserves of oil were at 2 billion tonnes for China and 1.2 billion tonnes for India.
- Despite being a large consumer China`s share of reserves of the global total was a meagre 1.1% whereas India`s share was 0.7%. The R/P ratio was 9.9 for China and a much more favourable 30 for India. Clearly, China is eating up its reserves at a much faster pace than India.
- China crude production was 4071 thousand barrels per day in 2010, an increase of 7.1% over 2009 in comparison to 826 thousand barrels for India, an annual increase of 9.8%.
- China`s consumption of oil was 9057 thousand barrels per day in comparison to India`s 3319 thousand barrels.
- China`s refining capacity is also big, at 10121 thousand barrels per day in comparison to India`s 3703 thousand barrels.
- China imported 234.6 million tonnes of crude oil in 2010 in relation to India`s 162 million tonnes. China imported 59.9 million tonnes of petroleum products in comparison to India`s 16.5 MMT. India`s export of petroleum products was much larger at 57.2 MMT in relation to 29.4 MMT by China.8China`s gas reserves at the end of 2010 were at 99.2 trillion cubic feet (TCF) in relation to India`s 51.2 TCF. China`s R/P ratio for gas was 24.7 in relation to India`s 29.
- China`s gas production was 96.8 BCM in 2010 while India`s was 50.9 BCM.
- China`s gas consumption was a 100 BCM and India`s was 61.9 BCM.
- China`s proved reserves of coal was a massive 114500 MMT, making up 11% of the world`s reserves, while India`s reserves were at 60600 TMT, approximating 7% of global reserves. The R/P ratio is 35 for China and 106 for India.
- China`s production of coal was a whopping 1800 MMT whereas India`s output was just 216 MMT. China`s coal consumption was 1713 MMT while India's was 277.6 TMT.
- China`s hydel production was 161.1 million tonnes of oil equivalent (MTOE) as against India`s 25,2 MTOE.
- India renewal energy output was just 5.0 MTPE in relation to China`s 12.1 MTOE.8China`s bio fuel output was 1399 MTOE whereas India`s was 151 MTOE.
- Overall, China`s primary energy consumption in 2010 was 2432 MTOE against India`s 524 MTOE.
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