The Executive Summary of the International Energy Agency's (IEA) new edition of the Medium-Term Gas Market Report (MTGMR), for 2013. The new report predicts natural gas' piece of the worldwide energy picture will grow 2.4% from now until 2018. Growth in the U.S. continues rapidly. The report also says natural gas use in the transportation sector is about to rapidly increase around the world, thanks to U.S. shale gas.
A factsheet with a summary version for many of the findings in the WEO report, published Nov. 2012. The report is an annual publication by the International Energy Agency. The 2012 version calls attention to the world-changing impact of hydraulic fracturing of shale gas and oil deposits in North America. Its worldwide impact, according to the report, is profound.
World Energy Outlook Factsheet 2014 from the IEAChris Gray
The 2015 World Energy Outlook is due to be released on the 10th November. In these times of uncertainty and policy changes the annual comparisons should be an interesting read.
Why gas prices are likely to continue to outperform oil pricesQNB Group
1) Gas prices rose more strongly than oil prices in 2012 due to gas demand growth outstripping supply increases, while oil production grew faster than consumption.
2) Data from BP shows global oil production grew by 1.9m barrels per day in 2012, more than consumption, while gas consumption grew more than production.
3) The report predicts gas demand growth in Asia will continue to outpace supply increases, keeping gas prices higher than oil prices in the near future.
China is the world's largest emitter of greenhouse gases and consumer of coal. Coal supplies around 70% of China's energy needs and its coal consumption has increased dramatically in recent years. China has taken steps to address its carbon emissions through plans like increasing renewable energy and implementing more stringent carbon intensity reduction targets. It also has vast shale gas reserves that it aims to develop to replace coal and reduce emissions. However, China still faces challenges in balancing energy demand with sustainable supply and reducing its heavy reliance on coal.
The document discusses trends in the US natural gas market, including:
- US natural gas demand is increasingly served by domestic shale gas production rather than imports.
- Natural gas use for electricity generation is expected to increase due to low prices and coal plant retirements.
- Exports of liquefied natural gas and pipeline exports are expected to grow as US production increases and prices remain low relative to global markets, making the US a net exporter of natural gas.
The Bord Gáis Energy Index fell 5% in February due to high wind generation and mild weather which lowered wholesale gas and electricity prices in both Ireland and the UK. Approximately 23% of Ireland's electricity was generated by wind, contributing to a 13% drop in wholesale electricity prices. Mild weather also reduced gas demand and prices fell 10% as storage levels increased. The Ukraine crisis did not initially impact prices but they spiked in early March due to concerns over European gas supplies from Russia through Ukraine.
The role of russia in global energy supplyenergystate
Konstantin Simonov’s speech presentation at The Petroleum Engineering Summer School “Exploration and Production of Hydrocarbon Reserves from Unconventional Deposits”, Dubrovnik, Croatia, June 18, 2010.
The results of the global Energy Architecture Performance Index (EAPI) 2017 highlight key trends in the energy transition moving towards more sustainable, affordable and secure energy systems around the world, as well as the challenges countries continue to face, individually and as cohorts. Looking back at five years of data from the EAPI, this report also distils insights from countries that have shown significant improvements in performance or remained consistently high performers
A factsheet with a summary version for many of the findings in the WEO report, published Nov. 2012. The report is an annual publication by the International Energy Agency. The 2012 version calls attention to the world-changing impact of hydraulic fracturing of shale gas and oil deposits in North America. Its worldwide impact, according to the report, is profound.
World Energy Outlook Factsheet 2014 from the IEAChris Gray
The 2015 World Energy Outlook is due to be released on the 10th November. In these times of uncertainty and policy changes the annual comparisons should be an interesting read.
Why gas prices are likely to continue to outperform oil pricesQNB Group
1) Gas prices rose more strongly than oil prices in 2012 due to gas demand growth outstripping supply increases, while oil production grew faster than consumption.
2) Data from BP shows global oil production grew by 1.9m barrels per day in 2012, more than consumption, while gas consumption grew more than production.
3) The report predicts gas demand growth in Asia will continue to outpace supply increases, keeping gas prices higher than oil prices in the near future.
China is the world's largest emitter of greenhouse gases and consumer of coal. Coal supplies around 70% of China's energy needs and its coal consumption has increased dramatically in recent years. China has taken steps to address its carbon emissions through plans like increasing renewable energy and implementing more stringent carbon intensity reduction targets. It also has vast shale gas reserves that it aims to develop to replace coal and reduce emissions. However, China still faces challenges in balancing energy demand with sustainable supply and reducing its heavy reliance on coal.
The document discusses trends in the US natural gas market, including:
- US natural gas demand is increasingly served by domestic shale gas production rather than imports.
- Natural gas use for electricity generation is expected to increase due to low prices and coal plant retirements.
- Exports of liquefied natural gas and pipeline exports are expected to grow as US production increases and prices remain low relative to global markets, making the US a net exporter of natural gas.
The Bord Gáis Energy Index fell 5% in February due to high wind generation and mild weather which lowered wholesale gas and electricity prices in both Ireland and the UK. Approximately 23% of Ireland's electricity was generated by wind, contributing to a 13% drop in wholesale electricity prices. Mild weather also reduced gas demand and prices fell 10% as storage levels increased. The Ukraine crisis did not initially impact prices but they spiked in early March due to concerns over European gas supplies from Russia through Ukraine.
The role of russia in global energy supplyenergystate
Konstantin Simonov’s speech presentation at The Petroleum Engineering Summer School “Exploration and Production of Hydrocarbon Reserves from Unconventional Deposits”, Dubrovnik, Croatia, June 18, 2010.
The results of the global Energy Architecture Performance Index (EAPI) 2017 highlight key trends in the energy transition moving towards more sustainable, affordable and secure energy systems around the world, as well as the challenges countries continue to face, individually and as cohorts. Looking back at five years of data from the EAPI, this report also distils insights from countries that have shown significant improvements in performance or remained consistently high performers
The Executive Summary for the IEA's 2015 Annual Medium-Term Gas Market Report. This year's report predicts global demand for natural gas will slightly decrease to 2% per year, down from 2014's prediction of 2.3% per year. Why? Asia's demand for natgas will decrease over the next five years. Implication: Some U.S. LNG export facilities will get delayed or even canceled.
The document provides an economic insight into the UAE for 2013. It summarizes that real GDP growth was the strongest since 2006 at 4.4% in 2012, driven by expansion in the oil and gas sector and a recovery in the non-oil sector. Private consumption and investment growth were particularly strong. The fiscal surplus is estimated to have increased to 5.9% of GDP in 2012 due to expenditure consolidation. GDP growth is projected to slow slightly to 4.0% in 2013 and 3.8% in 2014 as oil production growth declines but the non-oil sector continues expanding.
ASIA LNG Demand to Quadruple By 2030
The biggest buyers of liquefied natural gas (LNG) in Northeast Asia—which account for more than half of the world’s LNG market—could see their total subcontracted demand rising fourfold by 2030
The document analyzes the relationship between GDP per capita and cement consumption, which generally shows higher cement use in countries with GDP over $25,000 until consumption plateaus. Singapore, UAE, and Qatar regularly exceed this trend due to major infrastructure investments. Singapore's high cement consumption was driven by projects like public housing and transport lines. UAE saw huge growth from architectural projects until the financial crisis caused a drop, though cement use remains well above other countries with similar GDP. Qatar's massive GDP and construction boom led to extremely high cement use, though this decreased in 2012 while GDP continued growing rapidly due to upcoming infrastructure projects.
China's oil demand is driven by its growing vehicle fleet, especially personal cars. Developing a less oil-dependent transport system is critical to reduce China's foreign oil dependency and improve air quality. Policy options like fuel economy standards, fuel taxes, and promoting alternatives to personal vehicles can encourage cleaner fuels and technologies and more efficient transportation. China and the US, as the two largest oil consumers, should cooperate on demonstrating efficient vehicle and fuel technologies to enhance their energy security.
China is the world's most populous country and second largest energy consumer. Coal supplies the vast majority (71%) of China's energy, followed by oil (19%). While China has diversified energy sources, coal and oil will likely remain dominant. China is the second largest oil consumer and net importer. Onshore fields in western China and offshore fields are increasingly important due to declining output from mature northeast fields. The government regulates prices and companies to boost production and manage China's growing energy needs.
Global energy consumption grew at an accelerated rate in 2013 despite weak economic growth worldwide. Consumption increased for all fuels, led by growth in the US, China, and other emerging economies. Oil production did not keep pace with rising consumption, and prices remained high despite declining slightly from 2012 levels. The US saw the largest oil production increase in history due to growth in tight oil. Coal consumption rose the most of the major fuels as its competitive position strengthened. Renewable energy continued robust growth but from a low base.
Global energy consumption grew 2.3% in 2013, accelerating from 2012 but remaining below the 10-year average. Emerging economies accounted for 80% of growth, though their growth was below average. The US saw the largest increase in oil production in the world and offset supply disruptions elsewhere. Natural gas consumption growth was below average globally and in all regions except North America. Coal consumption grew the fastest of the fossil fuels. Renewable energy continued robust growth but from a low base.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Discover the central Asian nation of Azerbaijan in this easy-to-read summary of its international relations, economy, government, and people & culture.
The Bord Gáis Energy Index fell 5% in April due to lower wholesale gas and electricity prices. Gas prices declined with healthy supply and lower demand, though tensions over Ukraine caused occasional price increases. Falling gas and carbon prices contributed to lower wholesale electricity prices in Ireland. Oil prices saw minor changes and remained in a narrow range.
India and China both rely heavily on oil and natural gas, importing a significant portion of their needs. Both countries are pursuing strategies to increase domestic production and diversify foreign sources to improve energy security. This includes China's investments in overseas oil assets and pipelines. There is also tension as both countries' hydrocarbon demands rise and compete for the same sea lanes and regions like the South China Sea.
Slides used at the launch of the International Energy Agency's (IEA) new edition of the Medium-Term Gas Market Report (MTGMR), for 2013. The launch event was held at the International Economic Forum in St. Petersburg, Russia on June 20, 2013.
The September 2015 Bord Gáis Energy Index fell 6% due to excess global oil supplies weighing on oil prices, with Brent crude falling to its lowest point since March 2009 of $48.37 per barrel. The index stood at 91 in September, a new record low. The document also discusses the Volkswagen emissions scandal casting doubt on the future of diesel engines in Europe. While diesel demand has surged in Europe due to tax policies and fuel efficiency, the scandal uncovered that diesel vehicles were emitting nitrogen oxide at levels seven times the legal limit. Continued low oil prices are driven by a global supply glut as US frackers and OPEC countries like Saudi Arabia and Iraq maintain high production levels.
The document discusses several topics related to commodities in the Indian economy. It covers the effects of gold prices on sectors like the economy, stock market, and currency. It also summarizes the contribution of steel to the Indian economy, noting that India is a top global producer and aims to become the second largest by 2015-2016. Additionally, it provides an overview of the crude oil market in India, including production amounts and imports from other countries.
The Bord Gáis Energy Index rose 1% in March as rising wholesale electricity prices offset falling oil and gas prices. Wholesale electricity prices increased 6% due to low wind volumes and forced outages of efficient gas and coal plants. Wholesale UK gas prices fell 5% amid mild weather and low demand, though concerns remain about potential disruptions to European gas supplies from Russia through Ukraine due to unpaid gas debts.
1) The Bord Gáis Energy Index fell in December due to ongoing declines in global oil prices, with the index at 103.
2) A major factor has been the surge in US oil production, which has increased 80% since 2008 and now dominates price behavior after OPEC chose not to cut production in November.
3) Lower oil prices are good for the global economy as consumers benefit but pose challenges for oil-dependent countries and economies that rely on oil revenues to fund budgets.
The document discusses trends in the oil and gas market and natural gas/renewable energy forecasts through 2040. It then focuses on liquefied natural gas (LNG), describing what LNG is, its key applications, the state and forecast of the LNG industry, pricing, production economics, exports/imports by country, trade volumes, liquefaction plants/capacity by country/region, technologies, emerging markets, and transportation. The United States is projected to become a net exporter of LNG in 2016 and of natural gas overall in 2021 as increased domestic production and exports outweigh imports and domestic use.
Infographic visualizing the gas market and the direction in which it is heading.
The gas market is rapidly changing. After decades with little interest happening, the global gas market has shown unprecedented dynamism in the past ten years.
A comprehensive discussion of, the essentials of the gas markets requires and deserves a substantial report.
Infographic and 'Gas Market Outlook 2014' are focussing on current trends and tendencies for the European, North-American and Asian gas market.
Download full report: http://bit.ly/GasMarket2014
Client Atradius
This document summarizes a presentation on unconventional gas given in October 2014. It finds that unconventional gas production is growing significantly, especially in North America, Australia and China. This is helping to increase global natural gas supply and is reducing regional price differences. However, challenges remain in ensuring the environmental sustainability of unconventional gas development. The document outlines "Golden Rules" that could help maximize the benefits of gas while minimizing risks.
The Executive Summary for the IEA's 2015 Annual Medium-Term Gas Market Report. This year's report predicts global demand for natural gas will slightly decrease to 2% per year, down from 2014's prediction of 2.3% per year. Why? Asia's demand for natgas will decrease over the next five years. Implication: Some U.S. LNG export facilities will get delayed or even canceled.
The document provides an economic insight into the UAE for 2013. It summarizes that real GDP growth was the strongest since 2006 at 4.4% in 2012, driven by expansion in the oil and gas sector and a recovery in the non-oil sector. Private consumption and investment growth were particularly strong. The fiscal surplus is estimated to have increased to 5.9% of GDP in 2012 due to expenditure consolidation. GDP growth is projected to slow slightly to 4.0% in 2013 and 3.8% in 2014 as oil production growth declines but the non-oil sector continues expanding.
ASIA LNG Demand to Quadruple By 2030
The biggest buyers of liquefied natural gas (LNG) in Northeast Asia—which account for more than half of the world’s LNG market—could see their total subcontracted demand rising fourfold by 2030
The document analyzes the relationship between GDP per capita and cement consumption, which generally shows higher cement use in countries with GDP over $25,000 until consumption plateaus. Singapore, UAE, and Qatar regularly exceed this trend due to major infrastructure investments. Singapore's high cement consumption was driven by projects like public housing and transport lines. UAE saw huge growth from architectural projects until the financial crisis caused a drop, though cement use remains well above other countries with similar GDP. Qatar's massive GDP and construction boom led to extremely high cement use, though this decreased in 2012 while GDP continued growing rapidly due to upcoming infrastructure projects.
China's oil demand is driven by its growing vehicle fleet, especially personal cars. Developing a less oil-dependent transport system is critical to reduce China's foreign oil dependency and improve air quality. Policy options like fuel economy standards, fuel taxes, and promoting alternatives to personal vehicles can encourage cleaner fuels and technologies and more efficient transportation. China and the US, as the two largest oil consumers, should cooperate on demonstrating efficient vehicle and fuel technologies to enhance their energy security.
China is the world's most populous country and second largest energy consumer. Coal supplies the vast majority (71%) of China's energy, followed by oil (19%). While China has diversified energy sources, coal and oil will likely remain dominant. China is the second largest oil consumer and net importer. Onshore fields in western China and offshore fields are increasingly important due to declining output from mature northeast fields. The government regulates prices and companies to boost production and manage China's growing energy needs.
Global energy consumption grew at an accelerated rate in 2013 despite weak economic growth worldwide. Consumption increased for all fuels, led by growth in the US, China, and other emerging economies. Oil production did not keep pace with rising consumption, and prices remained high despite declining slightly from 2012 levels. The US saw the largest oil production increase in history due to growth in tight oil. Coal consumption rose the most of the major fuels as its competitive position strengthened. Renewable energy continued robust growth but from a low base.
Global energy consumption grew 2.3% in 2013, accelerating from 2012 but remaining below the 10-year average. Emerging economies accounted for 80% of growth, though their growth was below average. The US saw the largest increase in oil production in the world and offset supply disruptions elsewhere. Natural gas consumption growth was below average globally and in all regions except North America. Coal consumption grew the fastest of the fossil fuels. Renewable energy continued robust growth but from a low base.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Discover the central Asian nation of Azerbaijan in this easy-to-read summary of its international relations, economy, government, and people & culture.
The Bord Gáis Energy Index fell 5% in April due to lower wholesale gas and electricity prices. Gas prices declined with healthy supply and lower demand, though tensions over Ukraine caused occasional price increases. Falling gas and carbon prices contributed to lower wholesale electricity prices in Ireland. Oil prices saw minor changes and remained in a narrow range.
India and China both rely heavily on oil and natural gas, importing a significant portion of their needs. Both countries are pursuing strategies to increase domestic production and diversify foreign sources to improve energy security. This includes China's investments in overseas oil assets and pipelines. There is also tension as both countries' hydrocarbon demands rise and compete for the same sea lanes and regions like the South China Sea.
Slides used at the launch of the International Energy Agency's (IEA) new edition of the Medium-Term Gas Market Report (MTGMR), for 2013. The launch event was held at the International Economic Forum in St. Petersburg, Russia on June 20, 2013.
The September 2015 Bord Gáis Energy Index fell 6% due to excess global oil supplies weighing on oil prices, with Brent crude falling to its lowest point since March 2009 of $48.37 per barrel. The index stood at 91 in September, a new record low. The document also discusses the Volkswagen emissions scandal casting doubt on the future of diesel engines in Europe. While diesel demand has surged in Europe due to tax policies and fuel efficiency, the scandal uncovered that diesel vehicles were emitting nitrogen oxide at levels seven times the legal limit. Continued low oil prices are driven by a global supply glut as US frackers and OPEC countries like Saudi Arabia and Iraq maintain high production levels.
The document discusses several topics related to commodities in the Indian economy. It covers the effects of gold prices on sectors like the economy, stock market, and currency. It also summarizes the contribution of steel to the Indian economy, noting that India is a top global producer and aims to become the second largest by 2015-2016. Additionally, it provides an overview of the crude oil market in India, including production amounts and imports from other countries.
The Bord Gáis Energy Index rose 1% in March as rising wholesale electricity prices offset falling oil and gas prices. Wholesale electricity prices increased 6% due to low wind volumes and forced outages of efficient gas and coal plants. Wholesale UK gas prices fell 5% amid mild weather and low demand, though concerns remain about potential disruptions to European gas supplies from Russia through Ukraine due to unpaid gas debts.
1) The Bord Gáis Energy Index fell in December due to ongoing declines in global oil prices, with the index at 103.
2) A major factor has been the surge in US oil production, which has increased 80% since 2008 and now dominates price behavior after OPEC chose not to cut production in November.
3) Lower oil prices are good for the global economy as consumers benefit but pose challenges for oil-dependent countries and economies that rely on oil revenues to fund budgets.
The document discusses trends in the oil and gas market and natural gas/renewable energy forecasts through 2040. It then focuses on liquefied natural gas (LNG), describing what LNG is, its key applications, the state and forecast of the LNG industry, pricing, production economics, exports/imports by country, trade volumes, liquefaction plants/capacity by country/region, technologies, emerging markets, and transportation. The United States is projected to become a net exporter of LNG in 2016 and of natural gas overall in 2021 as increased domestic production and exports outweigh imports and domestic use.
Infographic visualizing the gas market and the direction in which it is heading.
The gas market is rapidly changing. After decades with little interest happening, the global gas market has shown unprecedented dynamism in the past ten years.
A comprehensive discussion of, the essentials of the gas markets requires and deserves a substantial report.
Infographic and 'Gas Market Outlook 2014' are focussing on current trends and tendencies for the European, North-American and Asian gas market.
Download full report: http://bit.ly/GasMarket2014
Client Atradius
This document summarizes a presentation on unconventional gas given in October 2014. It finds that unconventional gas production is growing significantly, especially in North America, Australia and China. This is helping to increase global natural gas supply and is reducing regional price differences. However, challenges remain in ensuring the environmental sustainability of unconventional gas development. The document outlines "Golden Rules" that could help maximize the benefits of gas while minimizing risks.
Egypt is the largest oil producer in Africa that is not an OPEC member, and the second largest natural gas producer on the continent. It plays a vital role in international energy markets through operation of the Suez Canal and Suez-Mediterranean Pipeline, important transit routes for oil and LNG shipments between the Persian Gulf, Europe, North America, and Asia. While Egypt's oil production is declining from mature fields, natural gas production is increasing and offsets some of the decline. Domestic demand for oil and gas is growing rapidly, outpacing production, and fuel subsidies have contributed to increased consumption.
Aranca views - Shale Gas - the Next Cradle of Energy?Aranca
As of 2013, recoverable shale gas resources account for nearly one third of the total gas energy resources of the world. The article highlights US, Europe, China, Canada & GCC region's shale gas statistics, impacts & consumption.
This document provides a statistical overview of vehicle market trends in Europe from 2001-2012. Some key points:
- New passenger car registrations in the EU declined 23% from 2007-2012 due to economic factors, most sharply in Southern Europe. Germany saw little change over this period.
- Diesel vehicles make up 55% of new registrations in the EU, with gasoline at 42%. Alternative powertrains like hybrids and EVs remain niche at 3% total.
- Average CO2 emissions from new cars fell from 132g/km in 2012 towards the 2015 target of 130g/km due to EU legislation. Further reductions to 95g/km are proposed for 2020.
- While
This document provides an overview of GE's Power Conversion business and its innovative technology solutions for the LNG value chain. GE has over 120 years of experience in the energy industry and more than 25 years of global experience in LNG projects. It offers a range of technologies including medium voltage drives, rotating machines, power management systems, and grid integration solutions to help maximize LNG production and optimize lifecycle costs. GE takes a systems approach and provides customized solutions tailored to each customer's specific needs and requirements.
1) Global oil demand remains robust and is projected to increase by 1.4 mb/d in 2019, with China and India accounting for almost half of the growth. Renewables accounted for almost half of the growth in electricity generation in 2017 and are projected to meet a higher share of future growth.
2) Natural gas demand is growing rapidly thanks to its flexibility and ability to reduce environmental problems. China has become the largest natural gas importer and U.S. production and LNG exports are rising dramatically. Industry is now the leading driver of gas demand growth.
3) The U.S. accounts for almost 45% of the growth in global natural gas production and 75% of growth in LNG exports between 2017
World Energy Outlook 2013 by Dr Fatih Birol, IEA Chief Economistatlanticcouncil
The document summarizes key points from the World Energy Outlook 2013 report. It notes that some long-held assumptions about the energy sector are changing, with importers becoming exporters and exporters experiencing growing domestic demand. While new supply options are emerging, long-term solutions to issues like rising CO2 emissions and energy access remain limited. The report also finds that China's energy demand growth will be overtaken by India in the 2020s, fossil fuels will still dominate the fuel mix in 2035, and the US and Brazil will contribute significantly to oil supply growth before Middle Eastern sources take over longer-term.
This document discusses factors that will influence countries' efforts to reduce carbon emissions and adapt to climate change. It summarizes that decarbonization poses economic challenges but can also support competitiveness if accompanied by smart policy. Major countries like the EU, China, Russia and US each have their own economic considerations regarding balancing emissions reductions and competitiveness. The geopolitical impacts of reducing fossil fuel dependence are also discussed, as is the potential for climate change impacts to exacerbate instability in vulnerable regions.
The document summarizes the key points of the World Energy Outlook 2016 executive summary published by the International Energy Agency. It discusses that the Paris Agreement on climate change makes transforming the energy sector essential. While global CO2 emissions from energy stalled in 2015, continued growth is projected until 2040 under current policies. The summary outlines investment needs and shifts towards renewables and efficiency to 2040 under main and accelerated decarbonization scenarios. It highlights progress towards national climate pledges but notes more action is required to limit global warming per the Paris Agreement goals.
This document provides an overview and outlook of the natural gas market. It discusses the expected increase in global energy demand through 2030 and how natural gas demand is also expected to rise significantly. While natural gas reserves are distributed globally, the largest reserves are located in the Middle East and Russia. There are also large unconventional natural gas resources in North America and potentially in Europe. The document concludes that natural gas will continue playing a key role in the global energy mix due to its clean-burning properties and ability to help reduce emissions. An evolution toward a more integrated world gas market is anticipated to help match increasing global demand.
Global CO2 emissions from energy use hit a record high in 2021, increasing by 6% over 2020 levels to 36.3 gigatonnes. This was driven by a sharp economic recovery from the pandemic, with global GDP growing 5.9%. Coal emissions reached an all-time high due to its use to generate over half of increased electricity demand. While renewable power saw strong growth, the increased emissions have weakened progress towards the goal of net zero by 2050. China accounted for the majority of increased global emissions between 2019-2021, with its emissions intensity from GDP growth still high.
Large differences in regional energy prices are set to affect industrial competitiveness, influencing investment decisions and company strategies. The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade, but the Middle East – the only large source of low-cost oil – will remain at the centre of the longer-term oil outlook. India is set to overtake China in the 2020s as the principal source of growth in global energy demand. These are just some of the key findings from the IEA in the latest edition of its World Energy Outlook.
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
With conditions in the developed markets of Europe and North America likely to remain weak in the near term, business is increasingly looking to Asia for growth. Growth will not be uniform across sectors or even within them. Which subsectors will see the most dynamic growth? And what will drive it? Exports? Domestic sales? Technology? Innovation? Rising consumer incomes? What should companies be thinking about as they plan their Asia strategies for the next five to ten years?
The Economist Intelligence Unit (EIU), sponsored by InvestKL, developed the “industry dynamism” barometer to measure the resilience and growth potential of six industry sectors across Asia.
Similar to Executive Summary for Medium-Term Gas Market Report 2013 (20)
The document summarizes five key facts about the recovery of US shale oil production:
1) Rig counts have increased by 90% since bottoming out in May 2016 and are up 30% year-over-year, signaling increased drilling and production capacity.
2) While decline rates remain steep, production profiles have increased substantially due to technological advances, meaning aggregate supply will be stronger.
3) Preliminary data shows that net new shale supply turned positive in December 2016 for the first time since March 2015, recovering just 7 months after rig counts increased.
4) Increased drilling activity is supported by a large stock of drilled but uncompleted wells, demonstrating the recovery and expansion of the shale sector.
5)
Quarterly legislative action update: Marcellus and Utica shale region (4Q16)Marcellus Drilling News
A quarterly update from the legal beagles at global law firm Norton Rose Fulbright. A quarterly legislative action update for the second quarter of 2016 looking at previously laws acted upon, and new laws introduced, affecting the oil and gas industry in Pennsylvania, Ohio and West Virginia.
An update from Spectra Energy on their proposed $3 billion project to connect four existing pipeline systems to flow more Marcellus/Utica gas to New England. In short, Spectra has put the project on pause until mid-2017 while it attempts to get new customers signed.
A letter from Rover Pipeline to the Federal Energy Regulatory Commission requesting the agency issue the final certificate that will allow Rover to begin tree-clearing and construction of the 511-mile pipeline through Pennsylvania, West Virginia, Ohio and Michigan. If the certificate is delayed beyond the end of 2016, it will delay the project an extra year due to tree-clearing restrictions (to accommodate federally-protected bats).
DOE Order Granting Elba Island LNG Right to Export to Non-FTA CountriesMarcellus Drilling News
An order issued by the U.S. Dept. of Energy that allows the Elba Island LNG export facility to export LNG to countries with no free trade agreement with the U.S. Countries like Japan and India have no FTA with our country (i.e. friendly countries)--so this is good news indeed. Although the facility would have operated by sending LNG to FTA countries, this order opens the market much wider.
A study released in December 2016 by the London School of Economics, titled "On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution." While America has enough shale gas to export plenty of it, exporting it is not as economic as exporting oil due to the elaborate processes to liquefy and regassify natural gas--therefore a lot of the gas stays right here at home, making the U.S. one of (if not the) cheapest places on the planet to establish manufacturing plants, especially for manufacturers that use natural gas and NGLs (natural gas liquids). Therefore, manufacturing, especially in the petrochemical sector, is ramping back up in the U.S. For every two jobs created by fracking, another one job is created in the manufacturing sector.
Letter From 24 States Asking Trump & Congress to Withdraw the Unlawful Clean ...Marcellus Drilling News
A letter from the attorneys general from 24 of the states opposed to the Obama Clean Power Plan to President-Elect Trump, RINO Senate Majority Leader Mitch McConnel and RINO House Speaker Paul Ryan. The letter asks Trump to dump the CPP on Day One when he takes office, and asks Congress to adopt legislation to prevent the EPA from such an egregious overreach ever again.
Report: New U.S. Power Costs: by County, with Environmental ExternalitiesMarcellus Drilling News
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered. So says this new research paper released by The University of Texas at Austin. Researchers assessed multiple generation technologies including coal, natural gas, solar, wind and nuclear. Their findings are depicted in a series of maps illustrating the cost of each generation technology on a county-by-county basis throughout the U.S.
Annual report issued by the U.S. Energy Information Administration showing oil and natural gas proved reserves, in this case for 2015. These reports are issued almost a year after the period for which they report. This report shows proved reserves for natural gas dropped by 64.5 trillion cubic feet (Tcf), or 16.6%. U.S. crude oil and lease condensate proved reserves also decreased--from 39.9 billion barrels to 35.2 billion barrels (down 11.8%) in 2015. Proved reserves are calculated on a number of factors, including price.
The document is a report from the U.S. Energy Information Administration analyzing oil and gas production from seven regions in the U.S. It includes charts and tables showing historical and projected production levels of oil and gas from each region from 2008 to 2017, as well as metrics like the average production per rig. The regions - Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica - accounted for 92% of domestic oil production growth and all domestic natural gas production growth from 2011-2014.
Velocys is the manufacturer of gas-to-liquids (GTL) plants that convert natural gas (a hyrdocarbon) into other hydrocarbons, like diesel fuel, gasoline, and even waxes. This PowerPoint presentation lays out the Velocys plan to get the company growing. GTL plants have not (so far) taken off in the U.S. Velocys hopes to change that. They specialize in small GTL plants.
PA DEP Revised Permit for Natural Gas Compression Stations, Processing Plants...Marcellus Drilling News
In January 2016, Gov. Wolf announced the DEP would revise its current general permit (GP-5) to update the permitting requirements for sources at natural gas compression, processing, and transmission facilities. This is the revised GP-5.
PA DEP Permit for Unconventional NatGas Well Site Operations and Remote Piggi...Marcellus Drilling News
In January 2016, PA Gov. Wolf announced the Dept. of Environmental Protection would develop a general permit for sources at new or modified unconventional well sites and remote pigging stations (GP-5A). This is the proposed permit.
Onerous new regulations for the Pennsylvania Marcellus Shale industry proposed by the state Dept. of Environmental Protection. The new regs will, according to the DEP, help PA reduce so-called fugitive methane emissions and some types of air pollution (VOCs). This is liberal Gov. Tom Wolf's way of addressing mythical man-made global warming.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
This document provides an overview of the natural gas market in the Northeast United States, including New England, New York, New Jersey, and Pennsylvania. It details statistics on gas customers, consumption, infrastructure like pipelines and storage, and production. A key point is that the development of the Marcellus Shale in Pennsylvania has significantly increased domestic gas production in the region and reduced its reliance on other supply basins and imports.
The Pennsylvania Public Utility Commission responded to each point raised in a draft copy of the PA Auditor General's audit of how Act 13 impact fee money, raised from Marcellus Shale drillers, gets spent by local municipalities. The PUC says it's not their job to monitor how the money gets spent, only in how much is raised and distributed.
Pennsylvania Public Utility Commission Act 13/Impact Fees Audit by PA Auditor...Marcellus Drilling News
A biased look at how 60% of impact fees raised from PA's shale drilling are spent, by the anti-drilling PA Auditor General. He chose to ignore an audit of 40% of the impact fees, which go to Harrisburg and disappear into the black hole of Harrisburg spending. The Auditor General claims, without basis in fact, that up to 24% of the funds are spent on items not allowed under the Act 13 law.
The final report from the Pennsylvania Dept. of Environmental Protection that finds, after several years of testing, no elevated levels of radiation from acid mine drainage coming from the Clyde Mine, flowing into Ten Mile Creek. Radical anti-drillers tried to smear the Marcellus industry with false claims of illegal wastewater dumping into the mine, with further claims of elevated radiation levels in the creek. After years of testing, the DEP found those allegations to be false.
FERC Order Denying Stay of Kinder Morgan's Broad Run Expansion ProjectMarcellus Drilling News
The Federal Energy Regulatory Commission denied a request to stay the authorization of Tennessee Gas Pipeline Company's Broad Run Expansion Project. The Commission found that the intervenors requesting the stay did not demonstrate they would suffer irreparable harm if the project proceeded. Specifically, the Commission determined that the environmental impacts to forest and a nearby animal rehabilitation center would be insignificant. Additionally, conditioning authorization on future permits did not improperly encroach on state authority. Therefore, justice did not require granting a stay.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
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