BAKU, Azerbaijan, March 9. China’s energy
fundamentals showed mixed trends in 2025, with strong growth in
renewables offsetting weaker fossil fuel dynamics.
Data obtained by Trend from the Oxford Institute for Energy Studies
(OIES) shows that electricity demand grew by 5% year-on-year both
in December and across January-December. Implied coal demand was
flat in December and rose 1% for the full year.
Gas demand increased by 10% in December, while annual growth
stood at 2%. Oil product demand rose 1% in December but declined 1%
over the full year.
On the import side, coal imports rose 8% year-on-year in
December, though they fell 17% for the full year. Gas imports
increased 17% in December but were down 4% in January-December. Oil
imports climbed 18% in December and were up 4% over the year.
Domestic production held its ground, with coal output remaining
unchanged in December and climbing 3% year-over-year. Gas
production saw a 6% uptick in December and for the entire year,
while oil output climbed by 2% in both instances.
Renewable energy posted the strongest gains: wind generation
surged 27% in December and 15% for the year, while solar generation
jumped 38% in December and 40% in January–December.
