Global energy markets outlook versus post-paris Agreement Impact on South East Europe

Size: px
Start display at page:

Download "Global energy markets outlook versus post-paris Agreement Impact on South East Europe"

Transcription

1 Global energy markets outlook versus post-paris Agreement Impact on South East Europe Sylvia Elisabeth Beyer International Energy Agency Thessaloniki, 29 June 2016

2 A 2 C pathway requires more technological innovation, investment & policy ambition 40 CO 2 emissions in a post-cop 21 world 36 Trend post-cop 21 Energy efficiency 32 Renewables Gt Gt Fuel & technology switching in end-uses Nuclear C Scenario CCS Other Massive additional investments in efficiency, renewables, nuclear power and other low carbon technologies are required to reach a 2 C pathway

3 The share of gas in the global demand will increase in relation to other Scenarios fossil fuels ( Mtoe) Global gas share remains important 2030 ( Mtoe) 2030 ( Mtoe) New Policy Scenario 450 Scenario Source: WEO 2015 Despite gas share in the primary energy (23%) is the same in NPS and 450ppm, in 450ppm gas is increasingly used to balance renewable in the power system, which leads to a more rigid demand.

4 Power is leading the transformation Global electricity generation by source TWh Renewables Coal Gas Nuclear Oil 2014 Change to 2040 Of which: Hydro Wind Solar Other renewables Driven by continued policy support, renewables account for half of additional global generation, overtaking coal around 2030 to become the largest power source

5 Policies spur innovation to low-carbon Costs in 2040 for different energy sources/technologies, relative to % 40% 20% 0% -20% -40% -60% Solar PV Onshore wind Efficient lighting Efficient industrial heat production Upstream oil and gas Innovation reduces the costs of low-carbon technologies & energy efficiency, but for oil & gas the gains are offset by the move to more complex fields

6 Acceleration of clean energy progress Technology Status today against 2DS targets Electric vehicles Solar PV and onshore wind Other renewable power Nuclear More efficient coal-fired power Carbon capture and storage Biofuels Transport Industry Buildings Appliances and lighting Energy storage Not on track Accelerated improvement needed On track Global clean energy deployment is still overall behind what is required to meet the 2 C goal, but recent progress on electric vehicles, solar PV and wind is promising

7 Global demand growth moves to Asia Change in energy demand in selected regions, Mtoe European Union United States Japan Latin America Middle East Southeast Asia Africa China India By 2040, India s energy demand closes in on that of the United States, even though demand per capita remains 40% below the world average

8 A new chapter in China s growth story Total primary energy demand & GDP in China Energy demand (Mtoe) Energy demand (Mtoe) Energy demand GDP Renewables GDP Nuclear GDP Gas Energy Oil Energy demand demand Coal GDP (trillion dollars, PPP) GDP (trillion dollars, PPP) Along with energy efficiency, structural shifts in China s economy favouring expansion of services, mean less energy is required to generate economic growth

9 Developing Asia Natural gas demand and supply in developing Asia, 2014 vs 2040 bcm Imports Conventional Unconventional Additional to Demand Production Developing Asia accounts for almost half of the rise in global gas demand & 75% of the increase in imports, but gas faces strong competition from renewables & coal

10 Oil rallies to 2016 high above $51/bbl $/bbl Source: ICE, NYMEX Crude Futures Front Month Close May 14 Nov 14 May 15 Nov 15 May 16 NYMEX WTI ICE Brent

11 Upstream oil & gas investment falling Upstream oil and gas investment % - 22% Upstream oil and gas investment continues to fall, particularly in high-cost regions; this raises the prospect of price volatility in the future

12 kb/d US still the world s growth engine Selected sources of non-opec supply change In , oil supply growth slows to 4.1 mb/d vs 11 mb/d in ; US, Iran, Brazil & Canada see the biggest increases, drop in Russia and China

13 Growth in global gas demand slows Change in world natural gas demand 2.5 % 1.5 % 400 bcm Change in total gas demand Change in per cent Growth in gas demand slows as it faces greater competition in the power sector; yet it is the only fossil fuel that does not suffer a decline in its share of the energy mix

14 Growth in gas supply led by US and Australia 200 Change in natural gas production by region (bcm) bcm United States Australia Qatar China Russia ASEAN EU The United States & Australia rather than the more established exporters Russia, Qatar & ASEAN are the main source of production growth

15 Greater competition in EU gas market 12 US LNG is competitive in Europe USD/Mbtu European hub prices (TTF) Henry Hub indexed LNG delivered to Europe Oversupply in global LNG markets will intensify competition; flexible US LNG volumes are well-placed to compete in Europe Nb: Based on cash costs and on forward curves as of June 7 th 2016

16 Algerian gas exports to OECD Europe 60 bcm Pipeline LNG

17 Global LNG export capacity increases 200 Liquefaction capacity additions 160 bcm Australia Qatar U.S. Others LNG capacity additions will be led by the US & Australia over the next five years; projects in Canada & East Africa could also move ahead if demand & prices recover

18 Impact on South East Europe Developing Asia changes global demand: China s transition to a more diversified & much less energyintensive model for growth re-shapes energy markets Natural gas landscape is changing: Ample low cost LNG supplies available for SEE markets opportunity for competition and diversification Low oil prices bring gains to consumers, but can also sow the seeds of future risks to energy security and energy transition Paris Agreement: the energy transition is underway, but not on track and governments need to ring-fence policies against market swings

CEEPR/EPRG/EDF European Energy Policy Conference. Dr Fatih Birol Executive Director, International Energy Agency Paris, 7 July 2016

CEEPR/EPRG/EDF European Energy Policy Conference. Dr Fatih Birol Executive Director, International Energy Agency Paris, 7 July 2016 CEEPR/EPRG/EDF European Energy Policy Conference Dr Fatih Birol Executive Director, International Energy Agency Paris, 7 July 2016 Demand growth in Asia the sequel Change in energy demand in selected regions,

More information

The start of a new energy era?

The start of a new energy era? The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal prices remain at rock-bottom as demand slows

More information

OECD/IEA 2016 OECD/IEA Canberra November 2016

OECD/IEA 2016 OECD/IEA Canberra November 2016 Canberra November 2016 The global energy context today Key points of orientation: Middle East share in global oil production in 2016 at highest level for 40 years Transformation in gas markets deepening

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Rome, 18 November 2009

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Rome, 18 November 2009 World Energy Outlook 29 Dr. Fatih Birol IEA Chief Economist Rome, 18 November 29 Change in primary energy demand in the Reference Scenario, 27-23 Coal Oil Gas Nuclear OECD Non-OECD Hydro Biomass Other

More information

World Energy Outlook Bo Diczfalusy, Näringsdepartementet

World Energy Outlook Bo Diczfalusy, Näringsdepartementet World Energy Outlook 2013 Bo Diczfalusy, Näringsdepartementet Energy demand & GDP Trillion dollars (2012) 50 40 30 20 10 000 Mtoe 8 000 6 000 4 000 GDP: OECD Non-OECD TPED (right axis): OECD Non-OECD 10

More information

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal World Energy Outlook 2011 focus on oil, gas and coal The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the means of intervention

More information

XLVII Meeting of OLADE Ministers Buenos Aires, 6 December Paul Simons, IEA Deputy Executive Director

XLVII Meeting of OLADE Ministers Buenos Aires, 6 December Paul Simons, IEA Deputy Executive Director XLVII Meeting of OLADE Ministers Buenos Aires, 6 December 2017 Paul Simons, IEA Deputy Executive Director Tipping the energy world off its axis Four large-scale upheavals in global energy set the scene

More information

Dr. Uwe Remme Wien 23 April 2015

Dr. Uwe Remme Wien 23 April 2015 Dr. Uwe Remme Wien 23 April 2015 Signs of stress in the global energy system Current calm in markets should not disguise difficult road ahead Turmoil in the Middle East raises doubts over future oil balance

More information

OECD/IEA London, 14 November 2017

OECD/IEA London, 14 November 2017 London, 14 November 2017 Tipping the energy world off its axis Four large-scale upheavals in global energy set the scene for the new Outlook: The United States is turning into the undisputed global leader

More information

OECD/IEA Dr. Fatih Birol Executive Director, International Energy Agency Istanbul, 15 December 2017

OECD/IEA Dr. Fatih Birol Executive Director, International Energy Agency Istanbul, 15 December 2017 Dr. Fatih Birol Executive Director, International Energy Agency Istanbul, 15 December 2017 Tipping the energy world off its axis Four large-scale upheavals in global energy set the scene for the new Outlook:

More information

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015 17 th February 215 BP bp.com/energyoutlook #BPstats Economic backdrop GDP Trillion, $211 PPP 24 Other Non-OECD Asia 18 OECD Contribution to GDP growth Trillion $211 PPP, 213-35 9 Population Income per

More information

Tipping the energy world off its axis Four large-scale upheavals in global energy : - The United States is turning into the undisputed global leader f

Tipping the energy world off its axis Four large-scale upheavals in global energy : - The United States is turning into the undisputed global leader f The rapidly changing global energy landscape Dr. Fatih Birol Executive Director, International Energy Agency IEEJ, Tokyo, 27 February 2018 IEA Tipping the energy world off its axis Four large-scale upheavals

More information

Tipping the energy world off its axis Four large-scale upheavals in global energy : - The United States is turning into the undisputed global leader f

Tipping the energy world off its axis Four large-scale upheavals in global energy : - The United States is turning into the undisputed global leader f The rapidly changing global energy landscape Dr. Fatih Birol Executive Director, International Energy Agency IEEJ, Tokyo, 27 February 2018 IEA Tipping the energy world off its axis Four large-scale upheavals

More information

Trends in Energy Scenario Development

Trends in Energy Scenario Development Trends in Energy Scenario Development Cecilia Tam, Senior Energy Analyst, International Energy Agency APERC Annual Conference, Tokyo 30-31 May 2018 IEA Context Energy Efficiency: The world is generating

More information

OECD/IEA Dr. Fatih Birol Executive Director, International Energy Agency Statoil Autumn Conference Oslo, 28 November 2017

OECD/IEA Dr. Fatih Birol Executive Director, International Energy Agency Statoil Autumn Conference Oslo, 28 November 2017 Dr. Fatih Birol Executive Director, International Energy Agency Statoil Autumn Conference Oslo, 28 November 2017 Tipping the energy world off its axis Four large-scale upheavals in global energy set the

More information

World Energy Outlook Dr Fatih Birol Chief Economist, IEA Istanbul, 20 December

World Energy Outlook Dr Fatih Birol Chief Economist, IEA Istanbul, 20 December World Energy Outlook 2013 Dr Fatih Birol Chief Economist, IEA Istanbul, 20 December The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles:

More information

Dr Christophe McGlade Høvik, 15 December 2015

Dr Christophe McGlade Høvik, 15 December 2015 Dr Christophe McGlade Høvik, 15 December 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal

More information

World Energy Outlook 2013

World Energy Outlook 2013 World Energy Outlook 2013 Paweł Olejarnik IEA Energy Analyst Warszawa, 15 Listopada 2013 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching

More information

OECD/IEA 2016 OECD/IEA Istanbul, 20 December 2016

OECD/IEA 2016 OECD/IEA Istanbul, 20 December 2016 Istanbul, 20 December 2016 The global energy context today Key points of orientation: Middle East share in global oil production in 2016 at highest level for 40 years Transformation in gas markets deepening

More information

World Energy Outlook 2009 Key results and messages of the 450 Scenario

World Energy Outlook 2009 Key results and messages of the 450 Scenario World Energy Outlook 29 Key results and messages of the 45 Scenario Marco Baroni Office of the Chief Economist International Energy Workshop Stockholm, 22 June 21 Mtoe World primary energy demand by fuel

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Riyadh, 12 January 2010

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Riyadh, 12 January 2010 World Energy Outlook 29 Dr. Fatih Birol IEA Chief Economist Riyadh, 12 January 21 Change in primary energy demand in the Reference Scenario, 27-23 Coal Oil Gas Nuclear OECD Non-OECD Hydro Biomass Other

More information

IEEJ:October 2016 IEEJ2016 The global energy outlook and what it means for Japan Paul Simons Deputy Executive Director, International Energy Agency Ja

IEEJ:October 2016 IEEJ2016 The global energy outlook and what it means for Japan Paul Simons Deputy Executive Director, International Energy Agency Ja The global energy outlook and what it means for Japan Paul Simons Deputy Executive Director, International Energy Agency Japan IDR launch Tokyo, 21 September 2016 Long-term energy demand set to grow fast

More information

Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015

Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015 Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015 Signs of stress in the global energy system Current calm in markets should not disguise difficult road ahead Turmoil in the Middle East raises

More information

World Energy Outlook 2010

World Energy Outlook 2010 World Energy Outlook 2010 Nobuo Tanaka Executive Director International Energy Agency Cancun, 7 December 2010, IEA day The context: A time of unprecedented uncertainty The worst of the global economic

More information

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February Navigating energy transition Keisuke Sadamori Director for Energy Markets and Security IEA GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February 2016 General Electric Company - All rights reserved

More information

World primary energy demand in the t Reference Scenario: this is unsustainable!

World primary energy demand in the t Reference Scenario: this is unsustainable! OECD/IEA OECD/IEA -29-29 World primary energy demand in the t Reference Scenario: this is unsustainable! Mtoe 18 Other renewables 16 Hydro 14 12 Nuclear 1 Biomass 8 Gas 6 Coal 4 Oil 2 198 199 2 21 22 23

More information

January Christof Rühl, Group Chief Economist

January Christof Rühl, Group Chief Economist January 213 Christof Rühl, Group Chief Economist Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23:

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 217 edition Margaret Chen Head of China Economist bp.com/energyoutlook #BPstats Economic backdrop Contributions to GDP growth by factor Contributions to GDP growth by region % per annum

More information

Climate change and the global energy transition

Climate change and the global energy transition Climate change and the global energy transition Dave Turk Acting Director Directorate of Sustainability, Technology and Outlooks Global emissions stagnate, but there are regional variations Change in annual

More information

OECD/IEA Brent Wanner, Senior Energy Analyst Stockholm, 24 November 2015

OECD/IEA Brent Wanner, Senior Energy Analyst Stockholm, 24 November 2015 Brent Wanner, Senior Energy Analyst Stockholm, 24 November 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010 World Energy Outlook 2010 Dr. Fatih Birol IEA Chief Economist 24 November 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery

More information

IEEJ: December 2013 All Right Reserved Implications of the Changing Energy Map Comments for IEA WEO 2013 Symposium Tokyo 28 November, 2013 The Institu

IEEJ: December 2013 All Right Reserved Implications of the Changing Energy Map Comments for IEA WEO 2013 Symposium Tokyo 28 November, 2013 The Institu Implications of the Changing Energy Map Comments for IEA WEO 2013 Symposium Tokyo 28 November, 2013 The Institute of Energy Economics, Yukari Yamashita Board Member, Director Energy Data and Modelling

More information

BP Energy Outlook 2016 edition

BP Energy Outlook 2016 edition BP Energy Outlook 216 edition Mark Finley 14th February 216 Outlook to 235 bp.com/energyoutlook #BPstats Economic backdrop Trillion, $21 25 Other 2 India Africa 15 China 1 OECD 5 OECD 1965 2 235 GDP 2

More information

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011 Energy Market Update Mark Finley Meet Alaska, January 21, 211 Agenda Where we ve been Trends in global energy Where we are: The short-term outlook Why has oil been different? Where we are going (or might

More information

WORLD ENERGY OUTLOOK Dr. Fatih Birol Chief Economist Head, Economic Analysis Division

WORLD ENERGY OUTLOOK Dr. Fatih Birol Chief Economist Head, Economic Analysis Division WORLD ENERGY OUTLOOK 2002 Dr. Fatih Birol Chief Economist Head, Economic Analysis Division World Energy Outlook Series World Energy Outlook 1998 World Energy Outlook - 1999 Insights: Looking at Energy

More information

OECD/IEA World Energy Outlook 2011

OECD/IEA World Energy Outlook 2011 World Energy Outlook 211 The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the means of intervention Post-Fukushima,

More information

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS Global Strategic Challenges Security of energy supplies Threat of environmental damage caused by energy use Uneven access of the

More information

The Future of Global Energy Markets: Implications for Security, Sustainability and Economic Growth

The Future of Global Energy Markets: Implications for Security, Sustainability and Economic Growth The Future of Global Energy Markets: Implications for Security, Sustainability and Economic Growth Dr. Fatih Birol, Executive Director, International Energy Agency Delft University of Technology, 20 March

More information

Integrating climate, air pollution & universal access: The Sustainable Development Scenario

Integrating climate, air pollution & universal access: The Sustainable Development Scenario Integrating climate, air pollution & universal access: The Sustainable Development Scenario Dr. Timur Gül, IEA COP23, Bonn, 16 November 2017 Context The SDGs recognise climate change, air pollution and

More information

World primary energy demand in the Reference Scenario: an unsustainable path

World primary energy demand in the Reference Scenario: an unsustainable path OECD/IEA OECD/IEA - 2008-2008 The context Soaring energy prices to mid-2008, followed by a drop what will it mean for demand? How will the financial crisis & economic slowdown affect energy demand & investment?

More information

The global energy outlook to 2025 and the megatrends impacting energy markets beyond that Sydney, 16 September Keisuke Sadamori Director

The global energy outlook to 2025 and the megatrends impacting energy markets beyond that Sydney, 16 September Keisuke Sadamori Director The global energy outlook to 2025 and the megatrends impacting energy markets beyond that Sydney, 16 September 2015 Keisuke Sadamori Director OECD/IEA - 2013 Slide 2 Demand/Supply Balance until 4Q16* mb/d

More information

Medium Term Renewable Energy Market Report 2013

Medium Term Renewable Energy Market Report 2013 Renewable Energy Market Report 213 Michael Waldron Renewable Energy Division International Energy Agency OECD/IEA 213 OECD/IEA 213 MTRMR methodology and scope Analysis of drivers and challenges for RE

More information

BP Statistical Review of World Energy

BP Statistical Review of World Energy BP Statistical Review of World Energy July 2016 bp.com/statisticalreview #BPstats BP p.i.c.2016 BP Statistical Review of World Energy July 2016 2015: A year of plenty Richard de Caux, head of refining

More information

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013 January 213 Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook

More information

World Energy Outlook 2012 Dr. Fatih BIROL IEA Chief Economist Den Haag, 15 November 2012

World Energy Outlook 2012 Dr. Fatih BIROL IEA Chief Economist Den Haag, 15 November 2012 World Energy Outlook 2012 Dr. Fatih BIROL IEA Chief Economist Den Haag, 15 November 2012 The context Foundations of global energy system shifting Resurgence in oil & gas production in some countries Retreat

More information

Orientation for a fast-changing energy world. Dr Fatih Birol IEA Chief Economist Tokyo, 21 April 2014

Orientation for a fast-changing energy world. Dr Fatih Birol IEA Chief Economist Tokyo, 21 April 2014 Orientation for a fast-changing energy world Dr Fatih Birol IEA Chief Economist Tokyo, 21 April 2014 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries

More information

Toshiyuki Shirai Senior Energy Analyst, IEA. October 27, Manila

Toshiyuki Shirai Senior Energy Analyst, IEA. October 27, Manila Toshiyuki Shirai Senior Energy Analyst, IEA October 27, Manila Southeast Asia: the energy context n Southeast Asia is emerging as major global energy player Ø Strong economic & population growth, urbanisation

More information

World Energy Outlook 2004

World Energy Outlook 2004 INTERNATIONAL ENERGY AGENCY World Energy Outlook 2004 Claude Mandil Executive Director International Energy Agency International Energy Symposium, IEEJ Tokyo 16 November 2004 Global Energy Trends: Reference

More information

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper India New Delhi Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances Background Paper Disclaimer The observations presented herein are meant as background for the dialogue

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Richard de Caux, Refining Analyst, Group Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 2017 edition Bob Dudley Group chief executive bp.com/energyoutlook #BPstats BP Energy Outlook 2017 edition Spencer Dale Group chief economist bp.com/energyoutlook #BPstats Economic backdrop

More information

WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights

WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights Nicola Pochettino Senior Energy Analyst Global Energy Trends: Reference Scenario International Energy Price Assumptions The assumed oil-price

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Paul Appleby, Head of Energy Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding remarks Energy

More information

Medium Term Energy Market Outlook IEEJ Energy Seminar October 213 Keisuke Sadamori, Director, Energy Markets & Security, IEA Primary Energy Supply from Fossil Fuels Mtoe 5 45 4 35 3 25 2 15 1 5 2 21 22

More information

OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE

OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE International Symposium on Natural Gas and Sustainable Development Doha, Qatar 6-8 February 2006 Ian Cronshaw Head, Energy Diversification Division World

More information

Renewables after COP-21 A global perspective. Dr. Fatih Birol Executive Director International Energy Agency

Renewables after COP-21 A global perspective. Dr. Fatih Birol Executive Director International Energy Agency Renewables after COP-21 A global perspective Dr. Fatih Birol Executive Director International Energy Agency 17 th Symposium, Syndicat des Énergies Renouvelables, Unesco, Paris, 4 February 2016 The start

More information

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist Energy Challenges of Our Time Dr. Fatih BIROL IEA Chief Economist The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the

More information

BIEE Gas Seminar: Global Shifts in Gas Demand

BIEE Gas Seminar: Global Shifts in Gas Demand October 213 BIEE Gas Seminar: Global Shifts in Gas Demand Kai Dunker, Lead Economist Global Gas Markets Disclaimer This presentation contains forward-looking statements, particularly those regarding global

More information

Introduction to medium term reports Based on the most recent data available 5 years outlook is important for policy making Natural gas and renewables

Introduction to medium term reports Based on the most recent data available 5 years outlook is important for policy making Natural gas and renewables IEA Medium-Term Market Reports IEEJ Seminar Tokyo, 20 September 2012 Didier Houssin Director, Energy Markets and Security International Energy Agency OECD/IEA 2011 Introduction to medium term reports Based

More information

OECD/IEA Dr Fatih Birol IEA Executive Director Berlin, 16 November 2018

OECD/IEA Dr Fatih Birol IEA Executive Director Berlin, 16 November 2018 Dr Fatih Birol IEA Executive Director Berlin, 16 November 2018 Global energy demand and the growing IEA Family Share of IEA member and association Global energy countries demand in global energy demand

More information

Delivering on the clean energy agenda: prospects and the role for policy

Delivering on the clean energy agenda: prospects and the role for policy Delivering on the clean energy agenda: prospects and the role for policy 6th Asian Ministerial Energy Roundtable 9 November 2015 Keisuke Sadamori Director, Energy Markets and Security Climate pledges shift

More information

Renewables the next chapter

Renewables the next chapter Renewables the next chapter Dr. Fatih Birol Executive Director, International Energy Agency Symposium du SER, Paris, 8 February 2018 IEA Tipping the energy world off its axis Four large-scale upheavals

More information

World Energy Outlook Isabel Murray Russia Programme Manager Moscow, 3 February 2010

World Energy Outlook Isabel Murray Russia Programme Manager Moscow, 3 February 2010 World Energy Outlook 2009 Isabel Murray Russia Programme Manager Moscow, 3 February 2010 Key Differences between the WEO and Primes Model WEO is designed as a tool for policy makers: > to understand current

More information

Soaring energy prices to mid 2008, followed by a collapse what will it mean for demand? How will the financial crisis & economic slowdown affect

Soaring energy prices to mid 2008, followed by a collapse what will it mean for demand? How will the financial crisis & economic slowdown affect OECD/IEA OECD/IEA - 2009-2009 The context Soaring energy prices to mid 2008, followed by a collapse what will it mean for demand? How will the financial crisis & economic slowdown affect energy demand

More information

BP Energy Outlook 2018 edition

BP Energy Outlook 2018 edition BP Energy Outlook 218 edition Spencer Dale Group chief economist Alternative scenarios Primary energy consumption by fuel Carbon emissions Billion toe Billion tonnes CO2 2 24 4 35 15 Renewables 3 1 5 216

More information

OECD/IEA Dr Fatih Birol IEA Executive Director Oslo, Norway 20 November 2018

OECD/IEA Dr Fatih Birol IEA Executive Director Oslo, Norway 20 November 2018 Dr Fatih Birol IEA Executive Director Oslo, Norway 20 November 2018 Global energy demand and the growing IEA Family Share of IEA member and association Global energy countries demand in global energy demand

More information

Center on Global Energy Policy Columbia University New York NY, October 15, Philippe Benoit Head, Energy Efficiency and Environment Division

Center on Global Energy Policy Columbia University New York NY, October 15, Philippe Benoit Head, Energy Efficiency and Environment Division Center on Global Energy Policy Columbia University New York NY, October 15, 2015 Philippe Benoit Head, Energy Efficiency and Environment Division Prologue Changing oil & gas prices 25 140 20 120 100 15

More information

Madrid WPC Breakfast Conference 7 May Keisuke SADAMORI Director of Energy Markets and Security IEA

Madrid WPC Breakfast Conference 7 May Keisuke SADAMORI Director of Energy Markets and Security IEA Madrid WPC Breakfast Conference 7 May 2015 Keisuke SADAMORI Director of Energy Markets and Security IEA OECD/IEA 2014 Oil prices ease in March, but recover in early April $/bbl 120 110 100 90 80 70 60

More information

World Energy Outlook 2007: China and India Insights

World Energy Outlook 2007: China and India Insights World Energy Outlook 2007: China and India Insights William C. Ramsay Deputy Executive Director International Energy Agency Singapore, 9 November 2007 Approach Co-operation with China s NDRC & ERI, India

More information

World Energy Investment 2018

World Energy Investment 2018 World Energy Investment 218 25 September 218 Alessandro Blasi and Michael Waldron, International Energy Agency IEA OECD/IEA 218 Global energy investment was USD 1.8 trillion in 217, led by electricity

More information

Energy markets the short and the long term

Energy markets the short and the long term Energy markets the short and the long term Christof Rühl, Chief Economist, BP BP 2012 Outline The economy A year of disruptions Long term implications Conclusion Global growth: slow and on life support

More information

Lunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017

Lunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017 Lunch Session Oil and Gas Security Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA Long-term Energy Markets Outlook Key takeaways from WEO 2017 India takes the lead,

More information

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency Medium Term Renewable Energy Market Report 13 Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency OECD/IEA 13 Methodology and Scope OECD/IEA 13 Analysis of

More information

Where do we want to go?

Where do we want to go? Where do we want to go? Dave Turk, Acting Director, Sustainability, Technology and Outlooks EU Talanoa Conference, 13 June 218, Brussels IEA Where do we want to go? Global energy-related CO 2 emissions

More information

Are Sustainable Urban Energy Systems Essential for a New Deal on Energy Access for Africa? By Dave Turk, Head of IEA Energy Environment Division

Are Sustainable Urban Energy Systems Essential for a New Deal on Energy Access for Africa? By Dave Turk, Head of IEA Energy Environment Division Are Sustainable Urban Energy Systems Essential for a New Deal on Energy Access for Africa? By Dave Turk, Head of IEA Energy Environment Division OECD/IEA, 2016 The IEA works around the world to support

More information

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010 World Energy Outlook 2010 Renewables in MENA Maria Argiri Office of the Chief Economist 15 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears

More information

OECD/IEA Dr. Johannes Trüby, IEA IGU Diplomatic Gas Forum Oslo 5 December 2017

OECD/IEA Dr. Johannes Trüby, IEA IGU Diplomatic Gas Forum Oslo 5 December 2017 Dr. Johannes Trüby, IEA IGU Diplomatic Gas Forum Oslo 5 December 2017 Tipping the energy world off its axis Four large-scale upheavals in global energy set the scene for the new Outlook: The United States

More information

BP Energy Outlook 2016 edition

BP Energy Outlook 2016 edition BP Energy Outlook 216 edition Spencer Dale, group chief economist Outlook to 235 bp.com/energyoutlook #BPstats Disclaimer This presentation contains forward-looking statements, particularly those regarding

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Bargo Adibhatla May 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24 based

More information

ITAM Mexico City, 27 October 2016

ITAM Mexico City, 27 October 2016 ITAM Mexico City, 27 October 2016 Founded in 1974 Formed in wake of 1973 oil embargo with mission to promote member country energy security -- autonomous agency of the Organisation for Economic Cooperation

More information

OECD/IEA The IEA gas outlook Ambassador Richard H. Jones Deputy Executive Director

OECD/IEA The IEA gas outlook Ambassador Richard H. Jones Deputy Executive Director The IEA gas outlook Ambassador Richard H. Jones Deputy Executive Director Key highlights Gas demand has recovered strongly in 2010 It continues to increase in 2011, except in Europe Medium-term outlook

More information

World Oil Demand: Key Trends and Uncertainties

World Oil Demand: Key Trends and Uncertainties World Oil Demand: Key Trends and Uncertainties Nicola Pochettino Senior Energy Analyst International Energy Agency World Primary Energy Demand 7 000 6 000 Oil Mtoe 5 000 4 000 3 000 Natural gas Coal 2

More information

Economics of solar PV

Economics of solar PV Economics of solar PV after COP21 Paolo Frankl Head, Renewable Energy Division Energy Agency IEA PVPS workshop, EUPVSEC, Munich, 20 June 2016 2015 The start of a new energy era? Universal agreement from

More information

CEDIGAZ, the International Association for Natural Gas SUMMARY Medium and Long Term Natural Gas Outlook 2018

CEDIGAZ, the International Association for Natural Gas SUMMARY Medium and Long Term Natural Gas Outlook 2018 CEDIGAZ, the International Association for Natural Gas SUMMARY Medium and Long Term Natural Gas Outlook 218 CEDIGAZ, June 218 CEDIGAZ Reference Scenario: Main characteristics Main trends (%/year) Main

More information

T A O F C O PART A GLOBAL ENERGY TRENDS TO 2030 PART B POST-2012 CLIMATE POLICY FRAMEWORK PART C PROSPECTS FOR NATURAL GAS

T A O F C O PART A GLOBAL ENERGY TRENDS TO 2030 PART B POST-2012 CLIMATE POLICY FRAMEWORK PART C PROSPECTS FOR NATURAL GAS T A BL PART A GLOBAL ENERGY TRENDS TO 2030 E O F PART B POST-2012 CLIMATE POLICY FRAMEWORK C O NT E N TS PART C PROSPECTS FOR NATURAL GAS PART D ENERGY PROSPECTS IN SOUTHEAST ASIA ANNEXES GLOBAL ENERGY

More information

Global Energy Investment Challenges

Global Energy Investment Challenges Global Energy Investment Challenges Dr. Fatih Birol Chief Economist Head, Economic Analysis Division International Energy Agency World Energy Outlook 2002: Key Strategic Challenges security of energy supplies

More information

The Outlook for Energy

The Outlook for Energy The Outlook for Energy a view to 23 David Reed November 21 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)

More information

Assessing Today's Supplies to Fuel Tomorrow's Growth

Assessing Today's Supplies to Fuel Tomorrow's Growth WORLD ENERGY OUTLOOK - INSIGHTS Assessing Today's Supplies to Fuel Tomorrow's Growth Dr. Fatih Birol Head, Economic Analysis Division International Agency / OECD World Series World 1998 World 1999 Looking

More information

CONTENTS TABLE OF PART A GLOBAL ENERGY TRENDS PART B SPECIAL FOCUS ON RENEWABLE ENERGY OECD/IEA, 2016 ANNEXES

CONTENTS TABLE OF PART A GLOBAL ENERGY TRENDS PART B SPECIAL FOCUS ON RENEWABLE ENERGY OECD/IEA, 2016 ANNEXES TABLE OF CONTENTS PART A GLOBAL ENERGY TRENDS PART B SPECIAL FOCUS ON RENEWABLE ENERGY ANNEXES INTRODUCTION AND SCOPE 1 OVERVIEW 2 OIL MARKET OUTLOOK 3 NATURAL GAS MARKET OUTLOOK 4 COAL MARKET OUTLOOK

More information

The Global Energy Transition: Exploring the Uncertainty

The Global Energy Transition: Exploring the Uncertainty The Global Energy Transition: Exploring the Uncertainty International Symposium, University of Tokyo, December 218 Paul Appleby BP Group Strategic Planning How to handle the energy transition? Track the

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Rob Gardner October, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

Energy Sustainability:

Energy Sustainability: Energy Sustainability: A view to 2030 P. T. Mulva Notre Dame s 10 Years Hence Lecture Series February 6, 2009 This presentation includes forward-looking statements. Actual future conditions (including

More information

Disclaimer. Energy Outlook

Disclaimer. Energy Outlook January 213 Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption, policy support for renewable energies

More information

Energy Statistics: Making the Numbers Count

Energy Statistics: Making the Numbers Count Energy Statistics: Making the Numbers Count IFEG Autumn Seminar, 5 th November 29 Paul Appleby, BP Group Economics Team Working with Energy Statistics The key challenges. Finding relevant & reliable data

More information

Profound changes underway in energy markets Signs of decoupling of energy-related CO 2 emissions and global economic growth Oil prices have fallen pre

Profound changes underway in energy markets Signs of decoupling of energy-related CO 2 emissions and global economic growth Oil prices have fallen pre Keisuke Sadamori Director of Energy Markets and Security, IEA The 88th IEEJ Energy Seminar, 5th October 215 Profound changes underway in energy markets Signs of decoupling of energy-related CO 2 emissions

More information

World Energy Investment 2017

World Energy Investment 2017 World Energy Investment 2017 Dr. Fatih Birol Executive Director 11 July 2017 IEA OECD/IEA 2017 Global energy investment fell 12% in 2016, a second consecutive year of decline Global energy investment 2016

More information

OECD/IEA October, London

OECD/IEA October, London 9 October, London Iraq: the energy context Oil & natural gas resources are immense & the costs of production are among the lowest in the world Already the world s 3 rd largest oil exporter, with plans

More information

New York 25 November 2014

New York 25 November 2014 New York 25 November 2014 Signs of stress in the global energy system n Current calm in markets should not disguise difficult road ahead Ø Turmoil in the Middle East raises doubts over future oil balance

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Todd Onderdonk October 16, 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through

More information

The Future Role of Gas

The Future Role of Gas The Future Role of Gas GECF Global Gas Outlook 24 Insights Presentation for the 3rd IEA-IEF-OPEC Symposium on Gas and Coal Market Outlooks Dmitry Sokolov Head of Energy Economics and Forecasting Department

More information