Impact of American Unconventional Oil and Gas Revolution
|
|
- Brice Brown
- 5 years ago
- Views:
Transcription
1 National University of Singapore Energy Studies Institute 18 May 215 Impact of American Unconventional Oil and Gas Revolution Edward C. Chow Senior Fellow
2 Revenge of the Oil Price Cycle
3 American Innovation: R&D and Entrepreneurship
4 Unconventional Oil and Gas Revolution: Why the U.S.? Known geology and data availability Pricing liberalization Private mineral rights ownership Large number of independent producers Stable tax regime and regulatory environment Competitive oilfield equipment and services sector Availability of investment funds Existing infrastructure, although now inadequate with boom
5 U.S. Shale Gas Resources Unconventional Gas
6 Shale resources remain the dominant source of U.S. natural gas production growth U.S. dry natural gas production trillion cubic feet History 213 Projections Shale gas and tight oil plays billion cubic feet per day 1 Other lower 48 onshore Tight gas Coalbed methane 1 Lower 48 offshore Alaska Source: EIA, Annual Energy Outlook 215 Reference case 6
7 U.S. crude oil production rises above previous historical highs before 22 in all AEO215 cases, with a range of longer-term outcomes U.S. crude oil production million barrels per day 2 History Reference High Oil and Gas Resource Low Oil Price 15 1 U.S. maximum production level of 9.6 million barrels per day in 197 Tight oil 5 Lower 48 offshore Other lower 48 onshore Alaska Source: EIA, Annual Energy Outlook 215 7
8 Projected U.S. natural gas exports reflect the spread between domestic natural gas prices and world energy prices U.S. natural gas imports and exports trillion cubic feet History 213 Alaska LNG exports 213 Projections 213 Lower 48 states LNG exports billion cubic feet per day Pipeline exports to Mexico Pipeline exports to Canada Pipeline imports from Canada -4-1 High Oil and Gas LNG imports Reference Low Oil Price Resource Source: EIA, Annual Energy Outlook 215 8
9 Combination of increased tight oil production and higher fuel efficiency drive projected decline in oil imports U.S. liquid fuels supply million barrels per day 25 History Projections Net petroleum and other liquids imports 33% 14% 21% Natural gas plant liquids 17% 21% 1 14% 17% 29% Tight oil production 22% 5 Other crude oil production (excluding tight) 23% 25% 27% Other 14% 12% 12% Note: Other includes refinery gain, biofuels production, all stock withdrawals, and other domestic sources of liquid fuels Source: EIA, Annual Energy Outlook 215 Reference case 9
10 U.S. net exports of petroleum products vary with the level of domestic oil production given current limits on U.S. crude oil exports U.S. petroleum product imports and exports million barrels per day High Oil and Gas History Reference Low Oil Price Resource Total petroleum product net exports 12 Total petroleum product Other petroleum High Oil and Gas Resource net exports product exports Low Oil Price Reference Motor gasoline exports 4 Distillate exports Other petroleum product imports -4 Distillate imports Motor gasoline imports Source: EIA, Annual Energy Outlook 215 1
11 Projected U.S. natural gas exports reflect the spread between domestic natural gas prices and world energy prices U.S. natural gas imports and exports trillion cubic feet History 213 Alaska LNG exports 213 Projections 213 Lower 48 states LNG exports billion cubic feet per day Pipeline exports to Mexico Pipeline exports to Canada Pipeline imports from Canada -4-1 High Oil and Gas LNG imports Reference Low Oil Price Resource Source: EIA, Annual Energy Outlook
12 U.S. is the largest producer of petroleum and natural gas in the world estimated U.S., Russia, and Saudi Arabia petroleum and natural gas production quadrillion Btu million barrels per day of oil equivalent 6. United States Russia Saudi Arabia natural gas petroleum e 5 Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels; barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent=5.55 million British thermal units (Btu) 1
13 U.S. liquids supply growth since 21 and unplanned supply disruptions Million barrels per day US -1-2 Libya Iran Others Nigeria Iraq Source: U.S. Energy Information Administration; 214 includes data through September
14 Non-hydro renewable generation grows to double hydropower generation by 24 renewable electricity generation by fuel type billion kilowatthours 75 History 213 Projections Conventional Hydroelectric Power Wind 15 Biomass Municipal waste/landfill gas Solar Geothermal Source: EIA, Annual Energy Outlook 215 Reference case 14
15 U.S. Energy Independence? Source: IEA WEO 15
16 Growing U.S. oil production and rising demand in China have together made China the world s largest net oil importer net imports for China and the United States million barrels per day U.S. net imports history Aug-14 projections 5 4 China net imports Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Note: Net oil imports are defined as total liquid fuels consumption less domestic production Source: EIA, Short-Term Energy Outlook, October
17 214 Chinese Oil Imports by Source Iraq 9% Iran 9% Venezuela 4% UAE 4% Kuwait 3% Colombia 3% Other Africa [PERCENTAGE] Oman 1% Other 18% Other Asia [PERCENTAGE] The Russian Federation 11% Other Latin America [PERCENTAGE] Rest of World [PERCENTAGE] Angola 13% Saudi Arabia 16% Total imports: 6 mmmbd Total Consumption: 1.7 mmbld 1
18 Natural gas demand outlook by region bcm 1.7% Additional to % 5.5 % 212 % = CAAGR %.2% 4 2.4% 3.2% 2 4.6% United States Middle East China European Union Russia Latin Africa India America The main regions pushing global gas demand higher are China which overtakes the EU as a gas consumer around 235 and the Middle East Source: IEA World Energy Outlook 214
19 214 Chinese Natural Gas Imports by Source Qatar 16% Australia 9% Malaysia 7% Other Africa LNG [PERCENTAGE] Uzbekistan 4% Indonesia 6% Myanmar 5% Other 8% Other Middle East LNG [PERCENTAGE] Other Pipeline [PERCENTAGE] Total Imports: 6 bcma Total Consumption: 176 bcma Turkmenistan 45% 1
20 Middle East and North Africa Still Critical to Global Oil Supply Crude Oil Proved Reserves (Billion Barrels) 1% 11% 4% 6% Europe Eurasia Asia & Oceania Africa MENA 78% Source: EIA Data
21 U.S. Imports from ME/Gulf 2.1 million barrels daily <25% total net U.S. oil imports Global Oil Demand 92 million barrels daily Strait of Hormuz Traffic 17.7 million barrels shipped daily 32% globally traded oil Europe Japan 11% U.S. 26% Non-Asian markets 4% Others 11% India China 12% 15% 74% Asian and eastern markets 18% 6% 22% Singapore Others
22 Instability in the Middle East a major risk to oil markets mb/d Oil production growth in United States, Canada, Brazil & the Middle East +15 Increase to 24: 14 mb/d Middle East Increase to 24: 14 mb/d Net decline in output from other producers Brazil Canada United States The short-term picture of a well-supplied market should not obscure future risks as demand rises to 14 mb/d & reliance grows on Iraq & the rest of the Middle East Source: IEA World Energy Outlook 214
23 Crude oil imports in Asia mb/d Export: Middle East Import: Other Asia India China Asia s crude oil import needs have caught up with volumes available from the Middle East, and it imports 7.7 mb/d of crude from the rest of the world by 24 Source: IEA World Energy Outlook 214
24 24
25 Top ten countries with technically recoverable shale resources Shale gas Rank Country Trillion cubic feet 1 China 1,115 2 Argentina 82 3 Algeria 77 4 United States Canada Mexico Australia South Africa 39 9 Russia Brazil 245 World total 7,299 Shale oil Rank Country Billion barrels 1 Russia 75 2 United States 58 3 China 32 4 Argentina 27 5 Libya 26 6 Venezuela 13 7 Mexico 13 8 Pakistan 9 9 Canada 9 1 Indonesia 8 World total 345 Source: United States: EIA and USGS; Other basins: ARI.
26 Outlook for tight oil mb/d United States Russia Argentina Mexico China Canada Rest of world Tight oil production remains focused in the United States, but is joined increasingly by other players Source: IEA World Energy Outlook 214
27 Takeaways Unconventional/shale story is transformative for the U.S. U.S. is heading towards 9% energy self-sufficiency but still part of a global market Unclear whether transferable internationally Future depends on policy, e.g., U.S. oil and gas exports Middle Eastern supplies still critical to global markets Foreign and defense policy implications still unclear Sanctions have become foreign policy tool of choice
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 informationInternational 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 informationShort-Term and Long-Term Outlook for Energy Markets
Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration guy.caruso@eia.doe.gov Fueling the Future: Energy Policy in New England December 2, 25 Boston,
More informationInternational 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 informationOECD/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 informationAnnual Energy Outlook 2015
Annual Energy Outlook 215 for Asia Pacific Energy Research Centre Annual Conference 215 Tokyo, Japan by Sam Napolitano Director of the Office of Integrated and International Energy Analysis U.S. Energy
More informationUnconventional Oil & Gas: Reshaping Energy Markets
Unconventional Oil & Gas: Reshaping Energy Markets Guy Caruso Senior Advisor JOGMEC Seminar 7 February 2013 Landscape is Changing Even as We Sit Here Today - US Projected to reach 90% Energy Self-Sufficiency
More informationU.S. oil and natural gas outlook
U.S. oil and natural gas outlook New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.go v The U.S. has experienced a rapid
More informationGlobal Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy
Global Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy Carlos Pascual Special Envoy and Coordinator for Interna7onal Energy Affairs U.S. Department of State September
More informationInternational Energy Outlook 2017
International Energy 217 for Eighth IEA-IEF-OPEC Symposium on Energy s February 14, 218 Riyadh, Saudi Arabia U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics
More informationPower & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor,
Power & Politics Navigating the Changing Vision of Our Energy Future Rayola Dougher, API Senior Economic Advisor, dougherr@api.org U.S. oil and natural gas production is increasing as a result of technological
More informationMedium 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 informationWorld 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 informationTHE MEDIUM TERM SURGE IN US OIL SUPPLY: A GAME CHANGER
THE MEDIUM TERM SURGE IN OIL SUPPLY: A GAME CHANGER 9 THE WORLD IS EXPECTED TO EXPERIENCE AN OIL SUPPLY GLUT UNTIL, with the largest suppliers being and the In its short term outlook, the Energy Information
More informationWorld 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 informationOil and natural gas: market outlook and drivers
Oil and natural gas: market outlook and drivers for American Foundry Society May 18, 216 Washington, DC by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics
More informationWorld 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 informationFuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C
Cheryl Gomez, PE, MBA, LEED AP BD+C Fuels Gaseous Liquid Solid Nuclear Electricity, Heating, and Cooling? Source: US Energy Information Administration Solar, 0.2% Geothermal, 0.4% Petroleum, 1% Other Gases,
More informationWORLD 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 informationU.S. EIA s Liquid Fuels Outlook
U.S. EIA s Liquid Fuels Outlook NCSL 2011 Energy Policy Summit: Fueling Tomorrow s Transportation John Staub, Team Lead August 8, 2011 San Antonio, Texas U.S. Energy Information Administration Independent
More informationBlack Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH?
Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Questions Is America / world running out of oil? Can the US be energy-independent? U.S. Energy
More informationWorld 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 informationThe 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 informationXLVII 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 informationNatural Gas Facts & Figures. New Approach & Proposal
Natural Gas Facts & Figures New Approach & Proposal 1. Production and reserves Sources : Total G&P, WOC1, IEA, IHS Cera, Resources- Reserves o Conventional o Unconventional : types and reserves Countries,
More informationGlobal energy markets
For Woodrow Wilson Center Global Energy Forum September 21, 215 Washington, DC by Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent
More informationWorld 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 informationWorld 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 informationBP 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 informationLunch 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 informationInternational Energy Outlook 2017
International Energy Outlook 217 September 14, 217 Table of contents Page Overview 3 Petroleum and other liquids 31 Natural gas 47 Coal 61 Electricity 75 Buildings 91 Industrial 15 Transportation 117 Energy-related
More informationShale Gas and the Outlook for U.S. Natural Gas Markets and Global Gas Resources
Shale Gas and the Outlook for U.S. Natural Gas Markets and Global Gas Resources Organization for Economic Cooperation and Development (OECD) Richard Newell, Administrator June 21, 2011 Paris, France U.S.
More informationEnergy 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 informationThe 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 informationRice 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 informationEnergy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor
Energy Availability and the Future of the Fertilizer Industry Rayola Dougher API Senior Economic Advisor dougherr@api.org Energy: the engine of our economic growth 1974 1980 1986 1992 1998 2004 2010 2016
More informationThe 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 informationStatus and outlook for shale gas and tight oil development in the U.S.
Status and outlook for shale gas and tight oil development in the U.S. for Energy Symposium, University of Oklahoma, Price College Energy Institute Norman, OK by Adam Sieminski, Administrator U.S. Energy
More informationShale Gas. A Game Changer for U.S. and Global Gas Markets? Flame European Gas Conference March 2, 2010, Amsterdam. Richard G. Newell, Administrator
Shale Gas A Game Changer for U.S. and Global Gas Markets? Flame European Gas Conference March 2, 2010, Amsterdam Richard G. Newell, Administrator Richard Newell, March SAIS, December 2, 2010 14, 2009 1
More informationJanuary 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 informationDr. 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 informationAIChE: Natural Gas Utilization Workshop Overcoming Hurdles of Technology Implementation
AIChE: Natural Gas Utilization Workshop Overcoming Hurdles of Technology Implementation Natural Gas in the United States: An Overview of Resources and Factors Affecting the Market November 2, 216 Justin
More informationFabio Indeo. Middle Eastern oil and gas suppliers: vulnerability factors and future challenges
Fabio Indeo Middle Eastern oil and gas suppliers: vulnerability factors and future challenges Given their huge oil reserves, Middle Eastern countries traditionally play the role of global energy suppliers,
More informationFuels Used in Electricity Generation
Fuels Used in Electricity Generation for Energy and Climate Change Research Seminar May 17 th, 2012 Washington, DC by, Office of Electricity, Coal, Nuclear and Renewables Analysis Energy Information Administration
More informationENERGY SECURITY ENERGY AND U.S. PUBLIC POLICY INSTRUCTOR: JOEL HICKS
ENERGY SECURITY ENERGY AND U.S. PUBLIC POLICY INSTRUCTOR: JOEL HICKS GLOBAL OIL MOVEMENTS GLOBAL NATURAL GAS MOVEMENTS KAYA IDENTITY Energy Intensity GDP per capita Carbon Intensity IEA World Energy Outlook
More informationOrientation 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 informationOVERVIEW 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 informationENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER
ECONOMIC REPORT AND BALANCE SHEET 39 CHAPTER 3 I n 202 and the first quarter of 203, international crude oil prices followed a fluctuating trend. A host of factors were responsible for the fluctuations
More informationLecture 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 informationWorld 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 informationEnergy 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 informationEnergy 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 informationOECD/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 informationWorld 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 informationLet'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 informationWorld and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 2050) and Beyond
World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 25) and Beyond Energy and Environment Symposium April 18, 218 Rifle, Colorado by Troy Cook, Senior Global Upstream Analyst,
More informationEnergy 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 informationThe 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 informationThe 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 informationArgus 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 informationThe Outlook for Global Oil and Natural Gas Resources
The Outlook for Global Oil and Natural Gas Resources James Slutz Deputy Assistant Secretary Office of Fossil Energy U.S. Department of Energy Seventh Oil and Gas Industry Forum Hangzhou,, China Monday,
More informationEuropean 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 informationAnnual Energy Outlook 2010 Reference Case
Annual Energy Outlook 21 Reference Case The Paul H. Nitze School of Advanced International Studies December 14, 29 Washington, DC Richard Newell, Administrator Richard Newell, SAIS, December 14, 29 1 How
More information17 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 informationEnergy 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 informationAmerican Strategy and US Energy Independence
Cordesman: Strategy and Energy Independence 10/21/13 1 American Strategy and US Energy Independence By Anthony H. Cordesman October 21, 2013 Changes in energy technology, and in the way oil and gas reserves
More informationCHAPTER 4: A REVIEW OF THE ENERGY ECONOMY IN IRAN AND OTHER COUNTRIES
CHAPTER 4: A REVIEW OF THE ENERGY ECONOMY IN IRAN AND OTHER COUNTRIES 60 Nowadays, energy is the lifeblood of modern civilization. The shortage of energy that can be one of the issues related to the economy
More informationGlobal 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 informationPlenary 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 informationNew challenges for Russia: changing global energy and geopolitical landscape Hydrocarbon demand stagnation in Russia s main export markets Increased g
ROLE OF RUSSIA IN THE CHANGING GLOBAL ENERGY LANDSCAPE Dr. Tatiana Mitrova 26 May, 2016 Tokyo 420 West 118 th Street, New York NY, 10027 @ColumbiaUEnergy energypolicy.columbia.edu energypolicy@columbia.edu
More informationWorld and U.S. Fossil Fuel Supplies
World and U.S. Fossil Fuel Supplies Daniel O Brien and Mike Woolverton, Extension Agricultural Economists K State Research and Extension Supplies of fossil fuel resources used for energy production vary
More informationEnergy Outlook for National Ocean Industries Association Annual Meeting April 17, 2015 Washington, D.C.
Energy Outlook 215 for National Ocean Industries Association Annual Meeting Washington, D.C. by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics &
More informationINTERNATIONAL 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 informationY669 IPE: Oil Politics. October 5, 2010
Y669 IPE: Oil Politics October 5, 2010 World Energy Consumption, 1965-2005, in Terawatts (TW) Top Consuming Countries, 1960-2005, in Million Barrels per Day Figure 9-5. World Consumption of Petroleum,
More informationRice 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 informationASIA 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 informationUS 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 informationIEA analysis of fossil-fuel subsidies for APEC
IEA analysis of fossil-fuel subsidies for APEC Marco Baroni Office of the Chief Economist International Energy Agency Kaohsiung, Chinese Taipei, 18 October 2011 Mtoe Policies could dramatically alter the
More informationThe 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 informationFROM RAILROAD COMMISSIONER RYAN SITTON
2018 E N E R G Y M A R K E T O U T L O O K FROM RAILROAD COMMISSIONER RYAN SITTON TABLE OF CONTENTS 2018 ENERGY MARKET OUTLOOK Summing up the analysis contained in this report in a few sentences, my prediction
More informationGAS 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 informationArgus 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 informationThe Market in The International Oil Market. The Market in The Market today. A paradigm shift
The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp
More informationNatural Gas. Tuesday, May 1, 2012; 4:00 PM 5:15 PM
Natural Gas Tuesday, May 1, 2012; 4:00 PM 5:15 PM Moderator: Joel Kurtzman, Senior Fellow and Executive Director of the Center for Accelerating Energy Solutions, Milken Institute Speakers: Ralph Eads,
More informationThe 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 informationThe Unconventional Oil and Gas Market Outlook
The Unconventional Oil and Gas Market Outlook The future of oil sands, shale gas, oil shale and coalbed methane Report Price: $2875 Publication Date: July 2010 E N E R G Y The Unconventional Oil and Gas
More informationFossil Fuel Emissions Information. Fossil Fuel Combustion and the Economics of Energy
Fossil Fuel Emissions Information Fossil Fuel Combustion and the Economics of Energy For more information, please see the emissions readings on the AT76 web site Tabulations of emissions by country: Distribution
More informationOECD/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 informationEIA s Energy Outlook Through 2035
EIA s Energy Outlook Through 235 ReThink Montgomery Speaker Series Energy March 23, 21 Silver Spring, Maryland A. Michael Schaal, Director, Oil and Gas Division Office of Integrated Analysis and Forecasting
More informationThe 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 informationTrends 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 informationDr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!
Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development! World Marketed Energy Consumption! 678.3 Quadrillion Btu!
More informationPresentation. at the. Bank of Canada. Ottawa, 21 July Antoine Halff
Presentation at the Bank of Canada Ottawa, 21 July 2014 Antoine Halff The oil market at a junction Balances loosen up on paper but must be seen in perspective The unconventional supply revolution enters
More informationGas 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"China's domestic and international energy strategies: recent trends and outlook" Philip Andrews-Speed
"China's domestic and international energy strategies: recent trends and outlook" Philip Andrews-Speed 1 1. INSIDE CHINA 2 Energy production and consumption, 1980-2011 Quad BTU 120 110 100 90 80 70 60
More informationThe Price of Oil: Why it Rose, Why it Fell, and What it Will Mean for Australian LNG
Perth, 26 August 2016 Curtin Corner, JCIPP The Price of Oil: Why it Rose, Why it Fell, and What it Will Mean for Australian LNG Roberto F. Aguilera r.aguilera@curtin.edu.au Background Shale oil industry
More informationOverview of global crude oil reserve estimates and supply patterns. Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803
Overview of global crude oil reserve estimates and supply patterns Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803 Presentation at Audubon Kiwanis Weekly Meeting Baton Rouge,
More informationOECD/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 informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION APRIL 2018 RIYADH, SAUDI ARABIA APRIL 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECAST ON
More informationInternational Energy Outlook 2016
International Energy Outlook 2016 For APERC Annual Conference 2017 Tokyo, Japan By Angelina LaRose U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Global outlook 2
More information