Related Articles
Outlook 2017
Forward article link
Share PDF with colleagues

Weaker China, stronger India

It was a mixed year in Asia's energy sector, where the oil market's gaze shifted away from its stalwart to a new rising economy

Chinese energy demand disappointed in 2016 - a source of global energy-market anxiety and the stand-out theme in Asia's energy sector. But the other big feature was the glut of supply in the region's liquefied natural gas market, which drove down prices there and further afield. India tried to take advantage of cheap LNG. China introduced rules that should increase its companies' imports of crude oil. With much of their financial power coming from state-owned banks, China's energy giants were able to tighten their grip on big-ticket projects across Asia-Pacific, especially in the region's power sector. The moves reflected China's ever-present thirst for foreign deals, especially in fast-gr

Also in this section
Saudi Arabia: Into the unknown
15 December 2017
The crown prince’s domestic and regional policies are taking the kingdom along several new and uncharted paths
Happy days ahead for Tullow Oil
14 December 2017
The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues
Egypt: Clearer thinking
13 December 2017
The country has committed itself to reducing the volume of associated gas that’s flared at oilfields