IEA released its World Energy Outlook 2017, on 14 November, which includes a detailed focus on natural gas. It also addresses matters regarding the environmental case for gas and the issue of methane emissions from oil and gas operations.
Natural gas, the cleanest and the least carbon-intensive fossil fuel, is expected to play a key role in the transition to a cleaner and more flexible energy system, according to the US International Energy Agency's latest gas security review.
International Energy Agency issued a report on a five-year analysis on natural gas, revealing that US will account for 40% of the world’s extra gas production to 2022, thanks to the remarkable growth in domestic shale industry. IEA estimates that the country will challenge Australia and Qatar for global leadership among LNG exporters.
Each year, the IEA’s Tracking Clean Energy Progress report examines developments across a range of clean energy sectors and technologies. For the shipping industry, IEA estimates that ‘’implementing IMO’s final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2°C targets (2DS)’’.
According to an analysis by the International Energy Agency, limiting the rise in global mean temperature to well below 2°C would require an energy transition of exceptional scope, depth and speed, including a doubling of annual average energy-related investments from current levels.
According to the International Energy Agency as a result of the growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy, the global CO2 emissions remained flat for 3 straight years.
The latest edition of the World Energy Outlook, issued by IEA, sees broad transformations in the global energy landscape and predicts increase on the demand for oil, mostly because of the lack of easy alternatives to oil in road freight, aviation and petrochemicals.
While the rise of the liquefied natural gas market has accelerated the globalization of natural gas, the energy security implications of this transformation have attracted much less attention. Through an extensive analysis of global gas data, the International Energy Agency has issued report which seeks to provide more transparency into the LNG market.
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the International Energy Agency.