TABLE OF CONTENTS GAS MARKET REPORT

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "TABLE OF CONTENTS GAS MARKET REPORT"

Transcription

1 TABLE OF CONTENTS Foreword... 3 Acknowledgements... 4 Executive summary Demand Global overview Assumptions OECD Demand Americas Europe Asia Oceania Non-OECD Demand China Asia (non-oecd) FSU and Europe (non-oecd) Middle East Africa Latin America References Supply Global overview OECD Supply Americas Europe Asia Oceania Non-OECD Supply China Asia (non-oecd) FSU and Europe (non-oecd) Middle East Africa Latin America References Trade Global overview Global gas trade Pipeline gas trade Bilateral energy relations New dynamics in the old European continent The gas arteries to China GAS MARKET REPORT

2 US shale production is shaping pipeline exports North Africa: Algeria repositions itself on the European market The Middle East: Expanding pipelines driven by an increasing demand South America: Gas pipeline deliveries a recurrent bilateral issue LNG trade LNG demand: A new group of thirsty LNG importers LNG supply: The second wave of LNG is underway LNG investments: The lack of new investments in LNG export infrastructure References The essentials Glossary LIST OF FIGURES Figure 1.1 Global demand by sector, Figure 1.2 Relative evolution of OECD and non-oecd demand, Figure 1.3 Gas prices development, Figure 1.4 OECD Americas gas demand by country and by sector, Figure 1.5 US power generation by type, Figure 1.6 Gas consumption of US industry by selected sectors, Figure 1.7 Gasoline, diesel and CNG prices in the US, Figure 1.8 Canadian gas consumption by sector, Figure 1.9 Mexico s fuel sources share by sector, Figure 1.10 Mexico s power generation by type, Figure 1.11 OECD Europe gas demand by country and sector, Figure 1.12 Indicative prices for coal-to-gas switching in the United Kingdom and Continental Europe, Figure 1.13 French power exports, imports and net flow in Figure 1.14 Coal (including lignite) plus gas power generation in Germany, Figure 1.15 Electricity generated by power-only gas and co-generation plants, and cost advantage... of coal versus gas power generation in Germany, Figure 1.16 OECD Asia Oceania gas demand by country and sector, Figure 1.17 Japanese power generation by fuel and LNG import volumes, Figure 1.18 Status of safety approval for nuclear power reactors in Japan, Figure 1.19 Share of industrial demand in Korea, Figure 1.20 Structure of the gas market in Korea (2015) Figure 1.21 Planned gas consumption in other Chinese regions, 2015 and Figure 1.22 Non-OECD Asia gas demand by country and sector, Figure 1.23 India s power generation mix, Figure 1.24 Indonesia s power generation mix, Figure 1.25 FSU and non-oecd Europe gas demand by country and sector, Figure 1.26 Middle East gas demand by country and sector, Figure 1.27 Saudi Arabia power generation mix, GAS MARKET REPORT 2017

3 Figure 1.28 Saudi Arabia s gas and oil power generation growth, Figure 1.29 Africa gas demand by country and sector, Figure 1.30 Balance of demand and production Algeria, Figure 1.31 Constrained power generation due to gas shortages in Figure 1.32 Latin America gas demand by country and by sector, Figure 2.1 Global gas production in and regional share in growth Figure 2.2 OECD Americas gas supply by country, Figure 2.3 US gas production growth by major shale region, Figure 2.4 Additional pipeline capacity from Marcellus/Utica region (selected projects) Figure 2.5 Incremental US gas production, Figure 2.6 Domestic gas production by Canada s production regions, 2010 and Figure 2.7 Composition of Mexico s gas supply mix, Figure 2.8 OECD Europe gas supply by country, Figure 2.9 OECD Asia Oceania gas supply by country, Figure 2.10 Natural gas supply and demand in Australia, Figure 2.11 Australia s LNG exports by country, Figure 2.12 Gas prices in Australia s eastern region and LNG prices, Figure 2.13 Average China city gate price, Figure 2.14 Wellhead prices for Indian production, Figure 2.15 Non-OECD Asia gas supply by country, Figure 2.16 FSU and non-oecd Europe gas supply by country, Figure 2.17 Middle East gas supply by country, Figure 2.18 Africa gas supply by country, Figure 2.19 Latin America gas supply by country, Figure 3.1 Relation between natural gas consumption in producing countries, pipeline and LNG exports Figure 3.2 Net import position per region and selected countries, 2016 and Figure 3.3 Ukraine s gas balance, Figure 3.4 China s supply portfolio sources by country, Figure 3.5 Appalachian Basin gas production and pipeline exports from Canada to US, Figure 3.6 Composition of Mexico s gas imports, Figure 3.7 World LNG imports and exports, OECD and non-oecd, Figure 3.8 World LNG imports by region, Figure 3.9 Growth from small and new LNG importers, Figure 3.10 Demand and contracted volumes relationship in Japan and Korea, Figure 3.11 LNG import sources and volumes in China, Figure 3.12 China s supply portfolio, 2016 and Figure 3.13 LNG contracted volumes in Europe, Figure 3.14 LNG export capacity, Figure 3.15 World LNG exports by region, Figure 3.16 Destination of US LNG exports by country, Figure 3.17 Change of LNG export volumes from Qatar by countries, GAS MARKET REPORT

4 LIST OF MAPS Map 1.1 Global demand growth by region, , and Map 1.2 US gas consumption by region in Map 1.3 LNG import facilities in Korea, Map 1.4 Planned gas consumption development in China s key regions, 2015 and 2020 (bcm) Map 2.1 Global gas supply growth by region, , and Map 2.2 US gas production growth in selected states, 2010 and Map 2.3 Natural gas infrastructure in Australia Map 2.4 China s gas supply sources, Map 2.5 South Pars and the North Field Map 3.1 International pipeline and LNG traded volumes in Map 3.2 Mexico s natural gas infrastructure, Map 3.3 LNG import countries and LNG import volumes, Map 3.4 LNG export countries and LNG export volumes, LIST OF TABLES Table 1.1 Global demand by region, Table 1.2 Planned gas consumption in the Beijing-Tianjin-Hebei region, 2015 and 2020 (bcm) Table 1.3 Planned gas consumption in the Yangtze River Delta and other Eastern China region, 2015 and 2020 (bcm) Table 1.4 Production of heavy-duty vehicles in China (in thousands) Table 2.1 Global gas supply by region, Table 2.2 New gas field development in Algeria Table 2.3 Major investments in gas projects in Egypt Table 3.1 LNG projects that took FID in Table 3.2 LNG projects that started operation in Table 3.3 LNG projects expected to start operation in Table 3.4 LNG projects under construction (as of June 2017) Table 3.5 LNG regasification terminals started up in Table 3.6 LNG regasification terminals under development (as of June 2017) Table 4.1 World gas demand by region and key country (bcm) Table 4.2 World sectoral gas demand by region (bcm) Table 4.3 World gas production by region and key country (bcm) Table 4.4 Fuel prices (USD/MBtu) Table 4.5 Relative fuel prices (HH 2007/WTI 2007/US APP 2007 = 1) Table 4.6 LNG liquefaction capacity operating and under construction as of June 2017 (bcm/year) Table 4.7 LNG regasification capacity operating and under construction as of June 2017 (bcm/year) GAS MARKET REPORT 2017

5 LIST OF BOXES Box 1.1 Not only gas prices matter: The case of the fertiliser sector Box 1.2 Winter security of supply issues in Greece, France and Italy Box 1.3 Carbon prices in the United Kingdom and Continental Europe Box 1.4 Energiewende Box 1.5 Meeting demand with new LNG players in Korea Box 1.6 Regional focus: Natural gas in China s 13th FYP Box 1.7 Gas-fuelled trucks as an alternative? Box 2.1 Changing market dynamics in the eastern natural gas market in Australia Box 2.2 Recent pricing reforms for domestic production Box 3.1 The OPAL pipeline and the European Commission s inquiry into Gazprom Box 3.2 Nord Stream 2 ownership restructuring Box 3.3 Destination of US exports in GAS MARKET REPORT

The IEA s Gas 2017 Report - LNG moves to the front

The IEA s Gas 2017 Report - LNG moves to the front The IEA s Gas 2017 Report - LNG moves to the front Peter Fraser, Head of the Gas, Coal and Power Division EMART Energy, Amsterdam, 5 October 2017 IEA Gas in today s world The contribution of gas Versatile

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 Impact of the Recession on Gas Markets

The Impact of the Recession on Gas Markets The Impact of the Recession on Gas Markets What has changed in our Brave New World Gas demand dropped by 2% Bigger drops in OECD region, FSU, Latin America But some notable exceptions: China, India Some

More information

SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS

SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS 65% of global gas demand growth by 2030 is expected to come from Asia, with traditional demand centers remaining stagnant Global gas demand by region to 2030

More information

Gas Market Report 2017

Gas Market Report 2017 Gas Market Report 2017 Peter Fraser, Head of the Gas Coal and Power Markets Division Norwegian Ministry of Petroleum and Energy, Oslo, 5 th September 2017 IEA Gas in today s world The contribution of gas

More information

LNG Projects & Markets Past, Present & Challenges Ahead

LNG Projects & Markets Past, Present & Challenges Ahead LNG Projects & Markets Past, Present & Challenges Ahead Presented by: Don Andress Mostefa Ouki Nexant [Part 2: Markets, Past, Present & Challenges Ahead] United States Association for Energy Economics

More information

gas 2O18 Analysis and Forecasts to 2O23

gas 2O18 Analysis and Forecasts to 2O23 Market Report Series gas 2O18 Analysis and Forecasts to 2O23 executive summary INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand,

More information

The European Gas Market Rodrigo Pinto Scholtbach Senior Gas Market Analyst International Energy Agency Paris 3th September, The Hague

The European Gas Market Rodrigo Pinto Scholtbach Senior Gas Market Analyst International Energy Agency Paris 3th September, The Hague The European Gas Market 2015-2020 Rodrigo Pinto Scholtbach Senior Gas Market Analyst International Energy Agency Paris 3th September, The Hague Europe: an atypical market Growing demand / Increase of self

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

GAS MARKET INTEGRATION: FOR A SUSTAINABLE GLOBAL GROWTH By: Chairman of the Management Committee, Gazprom Alexey Miller

GAS MARKET INTEGRATION: FOR A SUSTAINABLE GLOBAL GROWTH By: Chairman of the Management Committee, Gazprom Alexey Miller GAS MARKET INTEGRATION: FOR A SUSTAINABLE GLOBAL GROWTH By: Chairman of the Management Committee, Gazprom Alexey Miller Growth dynamics and structure of energy consumption Dynamics of world energy consumption,

More information

TABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2016

TABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2016 TABLE OF CONTENTS Foreword... 3 Acknowledgements... 5 Executive Summary... 12 Is the glass half full or half empty?... 12 The world is splitting apart... 12 A relieved industry... 13 Coal is still a Chinese

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

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Peter Hartley Kenneth B Medlock III James A. Baker III Institute of Public Policy RICE 1 Overview and motivation Worldwide, the demand

More information

Total Net Exports 105, , , , , , , , , , ,153

Total Net Exports 105, , , , , , , , , , ,153 Wheat Trade Net Exporters Argentina 7,495 6,454 7,206 6,988 7,144 7,205 7,343 7,492 7,737 7,766 7,711 Australia 18,900 20,066 20,021 20,047 20,254 20,486 20,827 21,027 21,262 21,494 21,619 Canada 17,600

More information

Global LNG Market Overview

Global LNG Market Overview Global LNG Market Overview 27 September, 2018 Toronto stock exchange listed, global intelligence solutions Request a demonstration of Evaluate Energy at this link 1 Who we serve 2 Global natural gas supply

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

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

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

Milken Institute: Center for Accelerating Energy Solutions

Milken Institute: Center for Accelerating Energy Solutions Milken Institute: Center for Accelerating Energy Solutions Center for Accelerating Energy Solutions Promotes policy and market mechanisms to build a more stable and sustainable energy future Identifies

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

7. Liquefied Natural Gas (LNG)

7. Liquefied Natural Gas (LNG) 7. Liquefied Natural Gas (LNG) Figure 7-1: LNG supply chain Source; Total Liquid natural gas (LNG) is a good alternative to natural gas in remote locations or when the distance between the producer and

More information

Session 3: Enhancing gas supply and diversification New sources & markets

Session 3: Enhancing gas supply and diversification New sources & markets Session 3: Enhancing gas supply and diversification New sources & markets IEF-IGU Gas Ministerial 22 nd November 218 Key messages: Enhancing gas supply and diversification new sources and markets Key messages

More information

Outlook for Gas Markets

Outlook for Gas Markets IEEJ IEEJ:Published 2015 年 7 in 月 August 禁無断転載 2015 All rights reserved The 420th Forum on Research Work July 10, 2015 Outlook for Gas Markets The Institute of Energy Economics, Japan Tetsuo Morikawa Manager,

More information

Lecture 12. LNG Markets

Lecture 12. LNG Markets Lecture 12 LNG Markets Data from BP Statistical Review of World Energy 1991 to 2016 Slide 1 LNG Demand LNG demand is expected to grow from China, India and Europe in particular. Currently biggest importer

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

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

Gas Market Report 2018

Gas Market Report 2018 Gas Market Report 2018 Jean-Baptiste Dubreuil, Senior Natural Gas Analyst, IEA Spanish Energy Club, Madrid 2 July 2018 IEA Context Gas markets in the next five years Gas demand is in the fast lane, thanks

More information

Session 2: Gas demand growth beyond power generation

Session 2: Gas demand growth beyond power generation Session 2: Gas demand growth beyond power generation IEF-IGU Gas Ministerial 22 nd November 218 Key messages: Gas demand growth beyond power generation Key messages Session objectives Recent global gas

More information

Gas Markets Globalization: Perspectives and Limits

Gas Markets Globalization: Perspectives and Limits Gas Markets Globalization: Perspectives and Limits By: Sid Ahmed Hamdani, Senior Business Analyst, Sonatrach, Algeria Date:04 June 2012 Venue: Kuala Lumpur Towards Gas Market Globalization? Increasing

More information

World LNG Trade 2014 & Outlook 2015

World LNG Trade 2014 & Outlook 2015 World LNG Trade 2014 & Outlook 2015 By: Global LNG Info (GLNGI) May 2015 www.globallnginfo.com LNG Trades 2014 (1) 239.2 MMT of LNG traded in 2014, effectively flat for the third year running as reduced

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 Rob Gardner March 2014 This presentation includes forward looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)

More information

Global LNG Market dynamics, key trends and market outlook

Global LNG Market dynamics, key trends and market outlook REUTERS / Anne Kat Brevik Global LNG Market dynamics, key trends and market outlook December 14, 217 What to address Market dynamics, key trends and market outlook The role and outlook for U.S. LNG China

More information

The IEA outlook for gas. Laszlo Varro Head, Gas Coal and Power Markets

The IEA outlook for gas. Laszlo Varro Head, Gas Coal and Power Markets The IEA outlook for gas Laszlo Varro Head, Gas Coal and Power Markets For gas the Asian century is just starting 3 000 Mtoe Primary energy consumption 2 500 coal gas 2 000 1 500 1 000 500 - Asia Europe

More information

Impact of American Unconventional Oil and Gas Revolution

Impact of American Unconventional Oil and Gas Revolution National University of Singapore Energy Studies Institute 18 May 215 Impact of American Unconventional Oil and Gas Revolution Edward C. Chow Senior Fellow Revenge of the Oil Price Cycle American Innovation:

More information

THE DYNAMICS of LNG INDUSTRY. Prof. Valeria Termini AEEGSI Commissioner - MEDREG Vice President

THE DYNAMICS of LNG INDUSTRY. Prof. Valeria Termini AEEGSI Commissioner - MEDREG Vice President THE DYNAMICS of LNG INDUSTRY Prof. Valeria Termini AEEGSI Commissioner - MEDREG Vice President INDEX I. NEW GLOBAL TRENDS II. LNG INDUSTRY: the game changers III. IN EUROPE IV. THE MEDITERRANEAN CONTEXT

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

Gazprom s export strategy to Europe: Ensuring security of supply vs challenges from US LNG where does Asia fit in and how high can exports go?

Gazprom s export strategy to Europe: Ensuring security of supply vs challenges from US LNG where does Asia fit in and how high can exports go? From Russia to Europe. Gazprom s export strategy to Europe: Ensuring security of supply vs challenges from US LNG where does Asia fit in and how high can exports go? Elena Burmistrova Director General,

More information

LNG Market Outlook and Development Pierre Cotin. 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013

LNG Market Outlook and Development Pierre Cotin. 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013 LNG Market Outlook and Development Pierre Cotin 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013 Who we are GLE is one of the three columns of GIE (Gas Infrastructure Europe), the European

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

RIM LNG Trade Annual 2010 Edition

RIM LNG Trade Annual 2010 Edition RIM LNG Trade Annual 2010 Edition -Contents Volume 1 = Liquefacation Terminals in the world 1. Liquefacation Terminals in Asian Pacific Region 1 United states of America(Alaska) 2 Brunei 3 Indonesia 4

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

New York Energy Forum

New York Energy Forum Presentation to the New York Energy Forum Antoine Halff 30 June 2014 Key highlights Gas demand grew just 1.2% in 2013, underperforming other fuels Gas demand will grow at 2.2%/y over 2013-19, on its way

More information

ASIAN OFFSHORE ENERGY CONFERENCE DISPUTES IN LNG CONTRACTS

ASIAN OFFSHORE ENERGY CONFERENCE DISPUTES IN LNG CONTRACTS ASIAN OFFSHORE ENERGY CONFERENCE 28 SEPTEMBER 2017 DISPUTES IN LNG CONTRACTS Bob Broxson BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company

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 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 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

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

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

International Energy Outlook 2011

International Energy Outlook 2011 International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis

More information

Rice University World Gas Trade Model

Rice University World Gas Trade Model Rice University World Gas Trade Model Peter Hartley Kenneth B Medlock III Jill Nesbitt James A. Baker III Institute of Public Policy RICE 1 What does the model capture? World gas supply potential is large

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

Natural Gas Medium-term Outlook and Security Review

Natural Gas Medium-term Outlook and Security Review Natural Gas Medium-term Outlook and Security Review Jean-Baptiste Dubreuil Columbia University, New York, 30 October 2018 IEA Context Gas markets in the next five years Gas demand is in the fast lane,

More information

Wholesale Gas Price Survey Edition

Wholesale Gas Price Survey Edition IGU - WHOLESAFE GAS PRICE FORMATION 2013 International Gas Union International Gas Union News, views and knowledge on gas worldwide Wholesale Gas Price Survey - 2013 Edition - A global review of price

More information

Gas Markets in 2015: Outlook and Challenges

Gas Markets in 2015: Outlook and Challenges The 418th Forum on Research Work Gas Markets in 2015: Outlook and Challenges December 19, 2014 Tetsuo Morikawa The Institute of Energy Economics, Japan Natural Gas Demand in Major Regions Natural Gas Demand

More information

Edgardo Curcio President AIEE

Edgardo Curcio President AIEE Edgardo Curcio President AIEE The First National Conference on Liquefied Natural Gas for Transports - Italy and the Mediterranean Sea April 11, 2013 What is LNG? The LNG (Liquefied Natural Gas) is a fluid

More information

Global Gas Deregulation Ed

Global Gas Deregulation Ed Global Gas Deregulation Ed 1 2012 What s in this report and analysis? Overview of the state of the gas sector World Survey of Gas Privatisation and Deregulation Coverage of Gas privatisation and deregulation

More information

Gas in Power Generation Sector, the story as told by Jodi-Gas database.

Gas in Power Generation Sector, the story as told by Jodi-Gas database. 1 GECF Gas in Power Generation Sector, the story as told by Jodi-Gas database. Mohamed Arafat Data Bank Analyst, GECF 14th Regional JODI Training Workshop 9-11 November 2016, Moscow, Russia 2 Agenda Why

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

LNG in the Asia Pacific

LNG in the Asia Pacific 2016/EWG52/WKSP1/004 LNG in the Asia Pacific Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2.

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

The increasing role of LNG in Europe. 7th US-EU Energy Regulators Roundtable Nov , New Orleans

The increasing role of LNG in Europe. 7th US-EU Energy Regulators Roundtable Nov , New Orleans The increasing role of LNG in Europe Agenda World outlook European demand and supply Growing role for LNG in Europe Conclusion Gas supply/demand in the world : Geographic dissociation of reserves and demand

More information

Nuclear Power Outlook

Nuclear Power Outlook Q1 2019 A PUBLICATION OF UXC.COM Nuclear Power Outlook 1501 MACY DRIVE ROSWELL, GA 30076 PH +1 770 642-7745 FX +1 770 643-2954 NOTICE UxC, LLC ( UxC ) shall have title to, ownership of, and all proprietary

More information

IEF-KAPSARC DIALOGUE INSIGHTS

IEF-KAPSARC DIALOGUE INSIGHTS GAS DEMAND GROWTH BEYOND POWER GENERATION AN INTERNATIONAL ENERGY FORUM PUBLICATION 22 NOVEMBER 218 IEF-KAPSARC DIALOGUE INSIGHTS BARCELONA, SPAIN 22 NOVEMBER 218 AN INTERNATIONAL ENERGY FORUM PUBLICATION

More information

2009 Changing the scene

2009 Changing the scene 2009 Changing the scene Gas demand in Europe and in other major economies is weakening Industrial demand strongly affected by the economic crisis Demand in the power generation sector suffers from relatively

More information

GAS EXPORT AND ENHANCING RELIABILITY OF GAS SUPPLY TO EUROPE

GAS EXPORT AND ENHANCING RELIABILITY OF GAS SUPPLY TO EUROPE GAS EXPORT AND ENHANCING RELIABILITY OF GAS SUPPLY TO EUROPE Press Conference, May 31, 216 GAS SALES BY GAZPROM GROUP bln m 3 Volume and average price data for Gazprom Group s gas in countries beyond former

More information

LNG AS A BUNKER FUEL

LNG AS A BUNKER FUEL LNG AS A BUNKER FUEL WARTSILA IMSF CONFERENCE, OSLO MAY 2012 / 25 Wärtsilä Until now.. / 25 Wärtsilä From now on. Established Emissions Controlled Areas Emissions Controlled Areas under consideration Shipping

More information

Learning from Jodi Oil

Learning from Jodi Oil Learning from Jodi Oil Rodrigo Pinto Scholtbach Gas, Coal and Power Division 12 th JODI International Conference, 8-10 April 2015, New Delhi, India 1998: The missing barrels Jodi Oil: Benefits Raise the

More information

LNG Shipping: How Long Will The Good Times Last?

LNG Shipping: How Long Will The Good Times Last? LNG Shipping: How Long Will The Good Times Last? Poten & Partners November 1 HOUSTON NEW YORK LONDON ATHENS SINGAPORE GUANGZHOU PERTH A GLOBAL BROKER AND COMMERCIAL ADVISOR FOR THE ENERGY AND OCEAN TRANSPORTATION

More information

The Role of GCC s Natural Gas in the World s Gas Markets

The Role of GCC s Natural Gas in the World s Gas Markets World Review of Business Research Vol. 1. No. 2. May 2011 Pp. 168-178 The Role of GCC s Natural Gas in the World s Gas Markets Abdulkarim Ali Dahan* The objective of this research is to analyze the growth

More information

Global and Russian Energy Sector at the Crossroad: New Challenges

Global and Russian Energy Sector at the Crossroad: New Challenges Global and Russian Energy Sector at the Crossroad: New Challenges Dr. Tatiana Mitrova Head of Oil and Gas Department Energy Research Institute of the Russian Academy of Sciences Washington 6 December,

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24 based upon internal data

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Somnath Sinha May 12, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

Let our team of experienced analysts provide the information and insight you need to stay ahead of the global gas markets.

Let our team of experienced analysts provide the information and insight you need to stay ahead of the global gas markets. OCTOBER 2017 Natural Gas Service overview The global gas market is going through a rapid evolution. Disparate and regionally separate gas markets are being brought together through the expansion of global

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

PGC B Strategy - Triennium November 18 20, 2014 Bratislava. By: Ashkan Esmaeilifar

PGC B Strategy - Triennium November 18 20, 2014 Bratislava. By: Ashkan Esmaeilifar 1 PGC B Strategy - Triennium 2012 2015 November 18 20, 2014 Bratislava By: Ashkan Esmaeilifar 2 COUNTRY PROFILE Area (km 2 ): 49,035 Population: 5,379,000 Capital: Bratislava Member of OECD, WTO, NATO,

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

Argus Ethylene Annual 2017

Argus Ethylene Annual 2017 Argus Ethylene Annual 2017 Market Reporting Petrochemicals illuminating the markets Consulting Events Argus Ethylene Annual 2017 Summary Progress to the next peak of the economic cycle, now expected by

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 Global Natural Gas Industry

The Global Natural Gas Industry The Global Natural Gas Industry Orlando CABRALES SEGOVIA Presidente de Naturgas, Colombia Regional Coordinator International Gas Union August 28 218 IGU Members serve 97% of the Worlds Gas Market 91 Charter

More information

Russia s Changing Role in the Global Gas Market

Russia s Changing Role in the Global Gas Market Russia s Changing Role in the Global Gas Market Dr. Tatiana Mitrova Head of Oil and Gas Department Energy Research Institute of the Russian Academy of Sciences Daegu June 18, 2013 1 1 CHANGING GLOBAL GAS

More information

A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market. Sample pages. Commodity Inside Ltd

A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market. Sample pages. Commodity Inside Ltd A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market Sample pages Chapter 1- Executive summary 1.1 Changes in the global flexible plastic packaging industry 1.2 Cost effectiveness

More information

GRI Sustainability Reporting Statistics Publication year By Report Services

GRI Sustainability Reporting Statistics Publication year By Report Services GRI Sustainability Reporting Statistics Publication year 2010 By Report Services GRI reports 1999-2010 2000 1800 1600 1400 1200 1000 800 600 400 200 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

More information

IEEJ 2019, All rights reserved

IEEJ 2019, All rights reserved 1 Advanced Technologies Scenario Coal declines while oil hits peak in 2030 2 6 5 4 3 2 1 Gtoe Primary energy demand (Solid lines: Advanced Technologies, dashed lines: Reference) Oil Coal Natural gas Renewables

More information

International Pressures on European Energy Supplies: what are the natural gas issues?

International Pressures on European Energy Supplies: what are the natural gas issues? International Pressures on European Energy Supplies: what are the natural gas issues? Professor Jonathan Stern Chairman and Senior Research Fellow, Natural Gas Research Programme, Oxford Institute for

More information

An Exporter s Perspective

An Exporter s Perspective An Exporter s Perspective Kathleen Eisbrenner CEO, Pangea LNG B.V. May 2013 Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the "Mayer Brown Practices").

More information

The Importance of Coal in the EAS Region

The Importance of Coal in the EAS Region Chapter 2 The Importance of Coal in the EAS Region Study on the Strategic Usage of Coal in the EAS Region Working Group June 2013 This chapter should be cited as Study on the Strategic Usage of Coal in

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

TABLE OF CONTENTS OECD/IEA, 2018 OIL MARKET REPORT

TABLE OF CONTENTS OECD/IEA, 2018 OIL MARKET REPORT TABLE OF CONTENTS Executive Summary... 11 1. Demand... 15 Highlights... 15 Global Overview... 16 Macroeconomic environment and prices... 18 Coming changes in bunker fuel specifications... 19 Booming demand

More information

ASIA IN THE WORLD ECONOMY

ASIA IN THE WORLD ECONOMY ASIA IN THE WORLD ECONOMY Section II: Energy Classes & Topics 6. Energy Demand 7. Energy Supply 8. Case Study: China Where Supply & Demand Meet 9. Energy & The Environment ASIA IN THE WORLD ECONOMY Class

More information

The economic impact of South Stream on Hungarian energy consumption

The economic impact of South Stream on Hungarian energy consumption The economic impact of South Stream on Hungarian energy consumption South Stream: Evolution of a Pipeline Natural Gas Europe ǀ Gas Dialogues Budapest November 18 th, 2013 Prepared by World Energy Expert

More information

All Quiet on the Eastern Front? Disruption Scenarios of Russian Natural Gas Supply to Europe

All Quiet on the Eastern Front? Disruption Scenarios of Russian Natural Gas Supply to Europe All Quiet on the Eastern Front? Disruption Scenarios of Russian Natural Gas Supply to Europe Franziska Holz, Philipp M. Richter and Christian von Hirschhausen Berlin, 09.10.2014 1 Introduction Security

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

Fabio Ballini World Maritime University

Fabio Ballini World Maritime University Pricing on gas: focus on LNG sectors Fabio Ballini World Maritime University What are the benefits of LNG? Environmental Benefits Table 3: Compering alterative technologies and fuels Source: SSPA, TC/1208-05-2100

More information

Let's get non-technical: An economist's take on the past, the present, and the future of the industry

Let's get non-technical: An economist's take on the past, the present, and the future of the industry Let's get non-technical: An economist's take on the past, the present, and the future of the industry Erkal Ersoy e.ersoy@hw.ac.uk www.erkalersoy.co.uk Agenda» The market > The petroleum industry > Supply

More information

3-2. LNG in the Asia-Pacific

3-2. LNG in the Asia-Pacific APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2. LNG in the Asia-Pacific Favoring trade and rational market development Kirsten Smith Researcher, APERC Report Highlights Report Highlights

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

Argus Benzene Annual 2017

Argus Benzene Annual 2017 Argus Benzene Annual 2017 Petrochemicals illuminating the markets Market Reporting Consulting Events Argus Benzene Annual 2017 Summary The Argus (formerly DeWitt) Benzene Annual has provided an accurate

More information

Current and expected LNG supply-demand balance LNG, a tool to mitigate potential risks linked to pipe gas transport

Current and expected LNG supply-demand balance LNG, a tool to mitigate potential risks linked to pipe gas transport Current and expected LNG supply-demand balance LNG, a tool to mitigate potential risks linked to pipe gas transport Armand Khayat Madrid, 17 March 215 Agenda LNG has already demonstrated it is an effective

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

China s Natural Gas Market Overview

China s Natural Gas Market Overview CNPC China s Natural Gas Market Overview Jiangxuefeng CNPC Economics & Technology Research Institute 2016/9/28 Washington Page 1 Table of content 1. Natural gas demand and supply 2. Liberalization of China

More information