Tag: energy outlook

India’s economic growth is possible to impact future international energy markets because of the country’s large population and potential for development. India is expected to be one of the fastest-growing economies in the world over the next 30 years, but how that growth will take place remains unknown.

In its International Energy Outlook for 2018, EIA forecasts that Africa's manufacturing sector and industrial energy consumption will increase because of possible regional competitive advantages. However, Africa’s energy consumption per capita lags behind the other two regions that the report examines: China and India. 

EIA released three reports in its International Energy Outlook 2018 discussing the energy implications of potential changes in China, India and Africa. Regarding China, its economy remains by far the world’s largest producer of energy-intensive goods in 2040. Faster economic growth in China also leads to higher energy consumption.

In its recently-published International Energy Outlook for 2018, EIA forecasts that India's energy consumption is projected to grow faster than the rest of the world through 2040, along with China's and Africa's. However, Indian consumption levels do not reach those in China or the US in the next two decades.

Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s, according to a survey by DNV GL, which reveals a growing confidence in the case for gas.

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to IEA's World Energy Outlook 2017. 

DNV GL says that the world energy system undergoes a major transition towards 2050 and this will have significant implications for shipping. Overall the demand for seaborne transport will increase with 60% by 2050, with the pace of growth being highest up to 2030, and with notable differences between the various shipping segments.

Cepsa presented its Cepsa Energy Outlook 2030, in which it analyzes current trends in society and world consumer habits in an attempt to determine how the energy mix will look like in the future. 

Results highlight an ongoing sense of confusion and lack of preparedness, with 70% of respondents saying that they do not believe the industry is ready for the deadline. The makeup of the marine fuel mix in 2020 and beyond is a clear area of concern, with wide-ranging views from the industry.

DNV GL issued its Energy Outlook report for 2017, to provide an understanding of the energy future, emphasizing that, over the next three decades, the world’s energy system will decarbonize and change in many ways.