Changing World of Oil and Gas March 23 th, 2017

Size: px
Start display at page:

Download "Changing World of Oil and Gas March 23 th, 2017"

Transcription

1 Changing World of Oil and Gas March 23 th, 217 Vladimir Drebentsov Head of Russia and CIS Economics, BP plc bp.com/statisticalreview bp.com/energyoutlook #Bpstats

2 US new-well oil production per rig hasn t peaked yet Boe/d per rig Source: US EIA 2

3 US oil output has declined, yet has been demonstrating resilience since September 215 Units Kbd Source: US EIA, PIRA 3

4 PIRA s estimate of the global production cost curve Source: PIRA 4

5 Growth of electric cars The global car fleet: Illustrative path for battery pack costs Billions of vehicles Electric cars Conventional cars Non-OECD OECD By region By type By region By type $/kwh 25 2 Battery pack costs* Range of estimates of cost parity between electric and oil-powered cars *For a Battery Electric Vehicle with a 6 kwh pack. Cost projections depend heavily on the degree of EV uptake, which is uncertain, so ranges should be treated as illustrative only. Current estimates of battery costs also vary widely, but this uncertainty is not shown 5

6 Abundance of oil resources Estimates of technically recoverable resources and cumulative oil demand Trillion barrels Europe Asia Africa S&C America N America CIS Middle East Technically recoverable resources Cumulative demand 6 Mb/d Oil supply of lower-cost producers Low-cost producer s share of global liquids production (right axis) US Russia Middle East OPEC Share 65% 6% 55% 5% 45% 4%

7 Natural gas Gas supply growth: Gas consumption by sector Bcf/d Other Africa China US Other Australia Russia Middle East Bcf/d Transport Buildings Power Non-combusted Industry Shale Conventional decline Conventional growth

8 Gas demand projections to 235 The European Commission EE3 scenario applies meets 3% energy efficiency target, as well as a 27% renewable energy target and a 4% greenhouse gas target. In this scenario gas demand is 23-35% lower than in the ENTSOG scenarios for 235. Source: Jonathan Gaventa, Manon Dufour, Luca Ergamaschi More Security, Lower Cost: A Smarter Approach To Gas Infrastructure In Europe, March 216 8

9 Key uncertainties: Risks to gas demand The strength of natural gas demand could be challenged China Natural gas growth Share of primary energy 9% Coal (Base) Mtoe, annualised growth 2 Increasing climate and environmental policies 6% 15 Coal 1 3% 5 % Slower case Base case Faster transition Even faster transition 9

10 US new-well production per rig and breakeven price Boe/d per rig Constant $ Gas Tcm of gas is recoverable in North America at breakeven price below $3/mmBtu ($17/Mcm); 39.6 Tcm is recoverable at less than $4/mmBtu ($143/Mcm) Tcf Source: US EIA 1

11 Key issues: LNG and global gas markets LNG supplies grow strongly led by US and Australia LNG supply LNG demand Bcf/d RoW Russia Africa United States Australia Qatar Bcf/d RoW Middle East S&C America Asia Europe

12 Key issues: LNG and global gas markets LNG s share in traded gas increases sharply Net LNG exports/imports 235 (Bcf/d) North America 22 Europe 17 Middle East 9 Other Asia Russia 5 44 Exports Imports S & C America 2 Africa 7 Australia 17 12

13 Russian gas industry needs export markets to grow St Bcm 8 Production Forecast 6 Export Source: Gazprom, Ministry of Energy 13

14 Russian pipeline gas may remain competitive, yet pressure from LNG offered at variable cost is likely Source: PIRA 14

15 Key uncertainties: Faster transition pathways The speed of transition has a significant impact % of primary energy 5% 4% 3% 2% The changing fuel mix Oil Coal Gas Non-fossil* Annual demand growth by fuel Mtoe per annum Non-fossil* Coal Gas Oil Total 1% % 215 Base FT EFT *Includes biofuels Base FT EFT CO2 15

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

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

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

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

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

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

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

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 3 1 Renewables 3 1 216 ET

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

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

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

BP Energy Outlook 2035

BP Energy Outlook 2035 BP Energy Outlook 235 Focus on North America, March 215 bp.com/energyoutlook #BPstats Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth,

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 2017 edition bp.com/energyoutlook #BPstats BP Energy Outlook 2017 edition The Energy Outlook considers a base case, outlining the 'most likely' path for global energy markets over the

More information

API Automotive/Petroleum Industry Forum Alessandro Faldi

API Automotive/Petroleum Industry Forum Alessandro Faldi API Automotive/Petroleum Industry Forum Alessandro Faldi April 17, 2018 2018 Outlook for Energy: A View to 2040 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts

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

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

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

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

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

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

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

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

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

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

Global energy markets outlook versus post-paris Agreement Impact on South East Europe Global energy markets outlook versus post-paris Agreement Impact on South East Europe Sylvia Elisabeth Beyer International Energy Agency Thessaloniki, 29 June 2016 A 2 C pathway requires more technological

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

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

Lecture 1: An Introduction to the Global Energy Economy

Lecture 1: An Introduction to the Global Energy Economy Lecture 1: An Introduction to the Global Energy Economy James Henderson April 2017 The Economics of Energy Corporations Introduction to the Course 1. Global energy situation and current trends 2. Value

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

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

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

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

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 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

GLOBAL AND RUSSIAN ENERGY OUTLOOK 2016

GLOBAL AND RUSSIAN ENERGY OUTLOOK 2016 THE ENERGY RESEARCH INSTITUTE OF THE RUSSIAN ACADEMY OF SCIENCES THE ANALYTICAL CENTER FOR THE GOVERNMENT OF THE RUSSIAN FEDERATION GLOBAL AND RUSSIAN ENERGY OUTLOOK 216 Edited by A.A. Makarov, L.M. Grigoryev,

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

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

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

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

GLOBAL AND RUSSIAN ENERGY OUTLOOK 2016

GLOBAL AND RUSSIAN ENERGY OUTLOOK 2016 THE ENERGY RESEARCH INSTITUTE OF THE RUSSIAN ACADEMY OF SCIENCES THE ANALYTICAL CENTER FOR THE GOVERNMENT OF THE RUSSIAN FEDERATION GLOBAL AND RUSSIAN ENERGY OUTLOOK 216 Prof. Len Grigoriev and Dr. Tatiana

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

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

BP Energy Outlook 2018: Energy demand grows as fuel mix continues to diversify

BP Energy Outlook 2018: Energy demand grows as fuel mix continues to diversify 20 February 2018 BP Energy Outlook 2018: Energy demand grows as fuel mix continues to diversify The 2018 edition of BP s Energy Outlook is published today and considers the forces shaping the global energy

More information

CONTENTS PART A TABLE OF GLOBAL ENERGY TRENDS PART B SPECIAL FOCUS ON NATURAL GAS PART C CHINA ENERGY OUTLOOK ANNEXES

CONTENTS PART A TABLE OF GLOBAL ENERGY TRENDS PART B SPECIAL FOCUS ON NATURAL GAS PART C CHINA ENERGY OUTLOOK ANNEXES TABLE OF CONTENTS PART A PART B GLOBAL ENERGY TRENDS SPECIAL FOCUS ON NATURAL GAS PART C CHINA ENERGY OUTLOOK ANNEXES INTRODUCTION AND SCOPE 1 OVERVIEW 2 ENERGY, EMISSIONS AND UNIVERSAL ACCESS 3 OUTLOOK

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

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

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 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 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

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

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

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

Spencer Dale Group chief economist

Spencer Dale Group chief economist Spencer Dale Group chief economist Energy Outlook scenarios Primary energy consumption by fuel CO 2 emissions Billion toe Gt of CO 2 25 4 Renew.* 5 4 Evolving transition (ET) More energy (ME) Less globalization

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

2018 BP Energy Outlook

2018 BP Energy Outlook BP Energy Outlook 2018 edition The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The Outlook considers a number

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

BP Energy Outlook 2019 edition

BP Energy Outlook 2019 edition BP Energy Outlook 2019 edition The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition The Outlook considers a number

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

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

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

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

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

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Texas A&M Energy Symposium Som Sinha The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends

More information

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 Public Lecture: The Outlook for Energy: A View to 2040 By Lynne Taschner, Energy Advisor Corporate Strategic Planning Department, ExxonMobil on March 16, 2018 (13:30-15:30) PTT Auditorium, 2nd Floor, PTT

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

OPEC World Oil Outlook edition

OPEC World Oil Outlook edition Organization of the Petroleum Exporting Countries OPEC World Oil Outlook 2040 2017 edition Presented at presented at Riyadh, 15 November 2017 WOO2017 1 Disclaimer The data, analysis and any other information

More information

Global Gas Projections: the Potential Impact of Unconventional Gas Production in the United States and China. Dr Brian Fisher

Global Gas Projections: the Potential Impact of Unconventional Gas Production in the United States and China. Dr Brian Fisher Global Gas Projections: the Potential Impact of Unconventional Gas Production in the United States and China Dr Brian Fisher Presenta.on to the Global Energy Technology Strategy Program Workshop: Abundant

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

International Energy Forum Global Energy Dialogue

International Energy Forum Global Energy Dialogue Noé van Hulst Secretary General International Energy Forum Outline Main Global Energy Trends Key Global Energy Challenges IEF Role in Energy Dialogue Main Global Energy Trends World Energy Demand Grows

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

Energy Perspectives 2013 Long-run macro and market outlook

Energy Perspectives 2013 Long-run macro and market outlook Energy Perspectives 213 Long-run macro and market outlook Presentation for Nätverket Olja & Gas 9 September 213 Security Eirik Wærness, Chief Economist Classificati on: Internal - Status: Energy Perspectives

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

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 The Outlook for Energy: A View to 2040 Todd Onderdonk USAEE -- Houston February 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy

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 National Industrial Transportation League William Landuyt Feb 1, 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy

More information

US Oil and Gas Import Dependence: Department of Energy Projections in 2011

US Oil and Gas Import Dependence: Department of Energy Projections in 2011 1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Email: acordesman@gmail.com Web: www.csis.org/burke/reports US Oil and Gas Import Dependence: Department of Energy

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

LNG TRADE FLOWS. Hans Stinis Shell Upstream International

LNG TRADE FLOWS. Hans Stinis Shell Upstream International LNG TRADE FLOWS Hans Stinis Shell Upstream International ABSTRACT The LNG industry has witnessed a great deal of change recently, and indications are that this will only continue. Global gas demand is

More information

6 th Asian Petrochemicals Markets Conference Shanghai, 19 April Tae-Yoon Kim

6 th Asian Petrochemicals Markets Conference Shanghai, 19 April Tae-Yoon Kim 6 th Asian Petrochemicals Markets Conference Shanghai, 19 April 2017 Tae-Yoon Kim Renewables Renewables Mtoe A new fuel in pole position Change in total primary energy demand 2 000 1990-2015 2015-2040

More information

Energy in Perspective

Energy in Perspective Energy in Perspective BP Statistical Review of World Energy 27 Christof Rühl Deputy Chief Economist London, 12 June 27 Outline Introduction What has changed? The medium term What is new? 26 in review Conclusion

More information

Energy Perspectives 2016 Long-term macro and market outlook

Energy Perspectives 2016 Long-term macro and market outlook Energy Perspectives 216 Long-term macro and market outlook Columbia University, 16 November 216 Eirik Wærness, Senior vice president and Chief economist 2 Energy Perspectives 216 Macro and market outlook

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

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

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board NUMOV German MENA Conference Berlin, 26 January 2017 Simplified Model of Hydrocarbon Deposits Conventional versus Unconventional

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

European Shale Gas Potential

European Shale Gas Potential European Shale Gas Potential (from WEO2010 and Golden Age of Gas report) Chris Besson International Energy Agency October 2011 OECD/IEA 2010 Shale gas: a working definition Gas found in rock formations

More information

Global Energy Outlook. Offshore Center Danmark Esbjerg Jon Fløgstad, Manager Nordic Oil & Gas Ernst & Young September 13 th, 2012

Global Energy Outlook. Offshore Center Danmark Esbjerg Jon Fløgstad, Manager Nordic Oil & Gas Ernst & Young September 13 th, 2012 Global Energy Outlook Offshore Center Danmark Esbjerg Jon Fløgstad, Manager Nordic Oil & Gas Ernst & Young September 13 th, 2012 Agenda Introduction Short-term perspectives Longer-term perspectives Concluding

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

World Energy Outlook 2035: A focus on LNG supply and demand dynamics

World Energy Outlook 2035: A focus on LNG supply and demand dynamics World Energy Outlook 2035: A focus on LNG supply and demand dynamics M.H. Siddiqui, Prescience, USA 1 Agenda The Energy Outlook in 2035 involving major landscape changes in supply, demand, fossil fuels,

More information

Energy Efficiency Today: The 2015 Market Report

Energy Efficiency Today: The 2015 Market Report Energy Efficiency Today: The 2015 Market Report Agenzia Nazionale per le Nuove Tecnologie, l Energia e lo Sviluppo Economico Sostenibile ENEA Tyler Bryant International Energy Agency Prologo Energy efficiency

More information

Global gas and Russia

Global gas and Russia Global gas and Russia Dr. Tatiana Mitrova Research Scholar, Center on Global Energy Policy (Columbia University) Head of Oil and Gas Department, Energy Research Institute of the Russian Academy of Sciences

More information

Global Energy Assessment: Shale Gas and Oil

Global Energy Assessment: Shale Gas and Oil Global Energy Assessment: Shale Gas and Oil KEEI September, 2014 Yonghun Jung Shale Gas: a new source of energy Shale gas deposits around the world vs. 2009 natural gas consumption (tcf) U.S. 862 22.8

More information

The Global Energy Scene

The Global Energy Scene IAGC February, 218 Tinker 218 The Global Energy Scene Scott W. Tinker Tinker 218 Population Clean Water Education Healthcare Housing Hunger Climate Immigration Status of Women Unemployment Crime Tinker

More information

Gas Market Report 2017

Gas Market Report 2017 Gas Market Report 2017 Center on Global Energy Policy, Columbia/SIPA Columbia Club, 13 July 2017 IEA Gas in today s world q The contribution of gas Versatile fuel within the energy system, helping to address

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

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 2040 Bill Colton December 9, 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy

More information

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

Short Term Energy Outlook March 2011 March 8, 2011 Release

Short Term Energy Outlook March 2011 March 8, 2011 Release Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Todd Onderdonk FPA DFW Symposium May 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends

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

Energy Perspectives 2013 Long-run macro and market outlook

Energy Perspectives 2013 Long-run macro and market outlook Energy Perspectives 213 Long-run macro and market outlook Eirik Wærness, Chief Economist Security Classificatio n: Internal Status: Draft Energy Perspectives 213 www.statoil.com/energyperspectives Outlook

More information