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 gets a new next king
21 June 2017
Mohammed bin Salman will have a free hand as the next Saudi king but faces formidable domestic and regional hurdles. Oil policy is one
Arab oil states: the devil's in Opec's data
20 June 2017
The group's latest figures show Gulf oil states' earnings have plummeted, while the region's population keeps rising
Eastern Libya tries to wrest control of oil supply again
15 June 2017
NOC output growth plans threatened by renewed dispute