Tag: IEA

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.

Australia's Gorgon project, one of the largest liquefied natural gas (LNG) projects in the world has shipped its first cargo to Japan. Located on Barrow Island off the coast of northwestern Australia, the project includes a domestic natural gas plant, a carbon dioxide injection project, and an LNG export facility.

  Global oil demand growth is forecast to slow to 1.2 million barrels per day (mb/d) in 2016, from an average 1.4 mb/d this year, the IEA Oil Market Report for July informed subscribers, though strong consumption is expected in non-OECD Asia. World oil demand growth appears to have peaked in the first quarter at 1.8 mb/d and will continue to ease throughout the rest of 2015 and into 2016 as temporary support fades. Global oil supply surged by 550 000 barrels per day (550 kb/d) in June, on higher output from both OPEC and non-OPEC producers. At 96.6 mb/d, world oil production was an impressive 3.1 mb/d higher than a year earlier, with OPEC crude and natural gas liquids accounting for 60% of the gain. Non-OPEC supply growth is expected to grind to a halt in 2016, as lower oil prices and spending cuts take a toll. OPEC crude supply rose by 340 kb/d in June to 31.7 mb/d, a three- year high, led by record high output from Iraq, Saudi Arabia and the United Arab Emirates. OPEC output stood 1.5 mb/d above the previous year. The "call on OPEC crude and stock change" for 2016 is forecast to rise by ...

The new IEA Energy Atlas offers panoramas on every aspect of energy on a global basis and for 138 individual countries, with interactive maps and customisable charts that detail and compare a host of data based on the Agency’s authoritative statistics. Available on the IEA website’s statistics area, the Energy Atlas provides its wealth of data in 40 varying map views across eight topics: electricity and four fuels – coal, natural gas, oil and renewables – as well as energy balances and indicators plus CO2 emissions from fuel combustion, all for every year from 1973 through 2012. “Last year the IEA launched an animated Sankey flow representation of the evolution of the energy balance of countries over the last 40 years,” explained Jean-Yves Garnier, Head of the IEA Energy Data Centre, which produced the atlas. “We received a lot of compliments from policy makers, analysts and the public, but we also had many requests for more visualisation, including mapping of the world energy situation and the possibility of comparing countries. The Energy Atlas is an attempt to help everyone to better understand the complex world of energy.” On the webpage for each of the eight topics, a world map graphically illustrates ...