According to IEA, Estonia’s energy supply is one of a kind amongst IEA member countries, as the country relies to its domestically produced oil shale, which dominates electricity generation. Yet, Estonia’s energy independence results to the country being the highest carbon intensity of all IEA countries.
IEA published its weekly oil market report according to which they keep a stability on growth for 2019, at 1.1 mb/d, even though June data show that demand increased year-on-year by less than 0.2 mb/d.
According to EIA, the liquefied natural gas exports from the US rose over the week ending September 4, as 12 LNG tankers had departed from US facilities, all of them carrying capacity of 43 billion cubic feet of LNG, increased by four cargoes in comparison to the previous week.
According to IEA’s statement, the Administration is ready to take action if needed, concerning the recent incidents that took place in the strait of Hormuz. IEA is of the opinion that free energy transit is crucial to the global economy and that’s how it has to be maintained.
The International Energy Agency expects that China and the US will become world’s biggest LNG exporters and importers in five years. The US will surpass Australia’s and Qatar’s LNG exports in 2024, Reuters reports.
The International Energy Agency has created an independent high-level global commission to examine how progress on energy efficiency can be quickly accelerated through new and stronger policy action. IEA calculates that with the right policies, the global economy could double in size by 2040 while still maintaining broadly the same level of energy use as today.
As IEA informs, one of the enduring legacies of women’s traditional exclusion from the energy sector is the continued disadvantage women and girls experience in comparison to their male counterparts in accessing information about employment and industry trends.
IEA’s report ‘The Future of Hydrogen’ focuses on the fact that it can play a crucial role in a clean, secure and affordable energy future. Thus, the report aims to analyse the current role of hydrogen and offer guidance on its future development.
In its ‘Oil Market Report: 2020 vision’, IEA reports that volatility has returned to oil markets with a dramatic sell-off in late May seeing Brent prices fall from $70/bbl to $60/bbl. In addition, supply concerns have not gone away, as oil prices initially increased by 4% after the attacks on two tankers in the Gulf of Oman, before easing back slightly.
As IEA informs in its Gas 2019 report, global demand for natural gas will continue its growth over the next five years, due to strong consumption in fast-growing Asian economies and driven by the continued development of the international gas trade. Namely, demand for natural gas increased 4.6% in 2018, which is its fastest annual pace since 2010.
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