Tag: IEA

Scrubbers will only play a minor role by the implementation date of the IMO 0.5% sulphur cap, in 1 January 2020. With this view in mind, there will be a significant demand shift across the barrel in less than two years’ time and fuel oil trade will be fundamentally affected, Gibson said in its weekly report.

American energy company ExxonMobil joined a consortium of European oil companies, including BP, Eni, Repsol, Shell, Statoil, Total and Wintershall, with the aim to further reduce methane emissions from the natural gas assets they operate around the world.

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.

IEA Energy Atlas has announced data of CO2 emissions per country including more than 140 countries and regions worldwide, by sector and by fuel from 1971 to 2014.

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.