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Posted October 29, 2020 Today in Energy

Natural gas prices and renewable capital costs affect the generation mix in China ›

In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects that electricity generation in Asia will more than double between 2019 and 2050. EIA analyzed the impacts of changing the price of natural gas and the capital costs associated with adding renewable energy power plants on the future electricity generation mix in China and other countries in Asia that are not part of the Organization for Economic Cooperation and Development (OECD). EIA projects that coal and natural gas will generally remain the primary fuels used for electricity generation. However, the lower renewable cost cases project that renewables, which include wind, solar, and hydroelectric (hydro) technologies, will become significant sources of generation in China and other non-OECD countries in Asia by 2050. EIA published the results of this analysis in an accompanying Issues in Focus article, and the results reflect the Comparative Reference case along with eight alternative cases. More

China infographic

Source: EIA, International Energy Outlook 2020

Data Highlights

WTI crude oil futures price

10/28/2020: $37.39/barrel

down$1.89 from week earlier
down$16.24 from year earlier

Natural gas futures price

10/28/2020: $2.996/MMBtu

up$0.027 from week earlier
down$0.399 from year earlier

Natural gas inventories

10/23/2020: 3,955 Bcf

up29 Bcf from week earlier
up285 Bcf from year earlier

Crude oil inventories

10/23/2020: 492.4 million barrels 

up4.3 million barrels from week earlier
up53.6 million barrels from year earlier

Weekly coal production

10/24/2020: 10.176 million tons

down0.431 million tons from week earlier
down2.589 million tons from year earlier