The Shifting World: Iran and the Gas-LNG Game
|
|
- Joan Baker
- 7 years ago
- Views:
Transcription
1 The Shifting World: Iran and the Gas-LNG Game Paris, 28 April 2016 Bijan Khajehpour
2 INTRODUTION The implementation of the Joint Comprehensive Plan of Action (JCPOA) and the lifting of key sanctions will gradually pave the way for a new economic dynamics in Iran; The Iranian petroleum sector will benefit from the post-sanctions developments both as a result of increased exports, but also the flow of investments and technology into the country; Gas will play a key role in Iran s future developments, not just as a driver of economic development, but also as a facilitator of regional cooperation; In this presentation I will look at: Developments in the Iranian petroleum sector; The impact of sanctions relief on Iranian production in oil, gas, petroleum products and petrochemicals; Iranian vision in the petroleum sector; The role of gas and energy in Iran s regional relations;
3 GDP COMPOSITION Though the petroleum sector has a large hard currency contribution, Iran is more a service based economy The highest growth sectors are industries and mining In 2015, petroleum export revenues were only 30% of the state budget. Industry and Mining 19% Sectors Contributions to GDP (%) (2014 figures) Oil & Gas 22% Construction 5% Utilities 1% Manufacturing 11% Mining 1% Oil & Gas 22% Services 49% Agriculture 10% Transportation & Communicatio n 9% Hotels, Restaurants 11% Financial services 4% Agriculture 10% General Services 9% Social Services 3% Professional services 14%
4 IRAN S PETROLEUM SECTOR In the past decade, Iran has gone from being a consumer of foreign technology and a pure exporter of oil to being an exporter of oil, gas and petroleum products as well as a hub for energy connectivity in the region; The lifting of sanctions will now shift the attention to attracting foreign investment and technology in order to increase production; The intensive sanctions regime of the past few years created a lot of headaches, but it also gave Iran the opportunity to optimize the utilization of its resources and create domestic capacities; With new European and Asian off-takers, Iran has already embarked on an aggressive return to oil markets to recapture its lost market share. Iran will also invest heavily in producing more gas which will empower the country to export more oil and also promote gas-based industrial exports. In fact, the growing potential of gas will transform Iran and one should start looking at Iran as an exporter of energy in various forms; By 2020 Iran will become the 5 th largest gas market in the world after the US, the EU, Russia and China; There is also a growing emphasis on value-add in the petroleum sector.
5 IRAN S DOMESTIC ENERGY BASKET About 70% of Iran s domestic energy consumption is based on gas; With growing gas production and consumption, more crude oil will be freed for export; At the same time, Iran is expanding its domestic refining capacities to export more petroleum products; Subsidy reforms and an emphasis on energy efficiency have also helped rationalize domestic energy consumption; Million tons oil equivalent Oil Gas Coal Nuclear Renewables Hydro
6 IRAN S OIL PRODUCTION 5000 In 000 barrels per day Depends on the talks about a freeze Exports Domestic Consumption
7 GAS PRODUCTION Iran's Gas Production (bcm/y) Projection for 2025: 360 bcm/y Projection
8 ENERGY (IN)EFFICIENCY Though Iran has contained the growth of its energy consumption through subsidy reforms, it is still energy inefficient in its consumption patterns; There is a lot of investment in improving energy efficiency as well as promotion of renewable energy, but more needs to be done in order to maintain major export potential. Per capita Primary Energy Consumption (in kg of oil equivalent per year) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Turkey Iran Saudi Arabia (Source: BP Statistical Review 2015)
9 ENERGY CONSUMPTION PATTERN 3500 Graph 1: Monthly Electricity Consumption (Average Daily) Kwh/day [1] Farvardin Ordibehesht Khordad Tir Mordad Shahrivar Mehr Aaban Azar Dey Bahman Esfand Average Graph 2: Monthly consumption of gas in residential buildings (in cubic meters) [1] Month Farvardin Ordibehesht Khordad Tir Mordad Shahrivar Mehr Aaban Azar Dey Bahman Esfand [1] Source: Month
10 IRAN S GAS VISION 2025 The Ministry of Petroleum has formulated the plans until 2025 as follows: To remain the third largest gas producer in the world with gas production of 360 bcm/y by 2025 To Inject gas into the oil fields in order to maintain and increase oil production To Supply Gas to Power Stations, Gas Based industries and Petrochemicals and to export the value added products at economically viable prices To Replace domestic demand for petroleum products with gas and maintain the share of gas in Iran s energy basket above 70 percent. To Export Gas to the regional countries, Indian subcontinent and Europe For now, LNG does not feature strongly in the Iranian strategy, but that can change, if relations with Europe (as technology provider) improve; This vision requires capital investment of around $160 billion from local and international sources; Key issues in addition to the need for investments: Energy efficiency; Removal of energy subsidies; Long term gas pricing (still very politicized);
11 GROWING SIGNIFICANCE OF POWER SECTOR The growing demand in the power sector will shift the focus of infrastructure projects to power plants; The below graph depicts the expected investments in the MENA region:
12 Iran is busy building a regional loop system that can involve multi-supplier and multiconsumer nations. IRAN S REGIONAL GRID
13 From Azerbaijan To Turkey And Europe From Turkmenistan Cooperation for Gas Export Amongst the West Asian States of the Persian Gulf and Caspian Region Gas Suppliers Azerbaijan, Iran, Qatar and Turkmenistan Gas Takers Turkey, Europe, Indian Subcontinent China, Japan, Kuwait, and UAE From Qatar LNG Export to East Asia & Europe This option would mainly rely on Floating LNG To Indian Subcontinent
14 CONCLUSIONS The lifting of sanctions will unleash a major potential for oil and gas production in Iran; Tehran plans to be a major producer of oil, gas and petrochemical products by It has made the strategic decision to add more value to oil and gas inside the country and will heavily invest in upstream and downstream activities; By 2025, oil production is planned to stand at 6 mbpd and gas production at 1,000 cmc/d (360 bcm/y); Iran s vision for gas exports is to increase regional interconnectivity through pipeline gas exports and eventually to create a regional gas loop system; Iran s gas export potential could help the entire region to produce electricity more efficiently; Key to all these developments will be a de-escalation in the regional tensions; In international markets, the main impact of Iran in the medium term will be on gas-based commodities rather than on gas and LNG markets;
PETROLEUM SECTOR DEVELOPMENTS IN EGYPT
PETROLEUM SECTOR DEVELOPMENTS IN EGYPT March 2009 2009 Business Studies & Analysis Center. All rights reserved. Unauthorized reproduction, copying, re-mailing, storage or website posting is prohibited.
More informationWorking Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs.
Working Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Friedemann Müller Paper presented at KAS CFIE CFISAE AHK International
More informationUNECE Energy Week Geneva. in Energy Security
UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector
More informationEnergy Prices. Presented by: John Heffernan
Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of
More informationTHE WORLD OIL MARKET. Mohan G. Francis
THE WORLD OIL MARKET Mohan G. Francis With the Bush administration busily moving military forces to the Gulf region, the sense of an impending war has begun to make an impact on the world petroleum markets.
More informationSECTOR ASSESSMENT (SUMMARY): ENERGY 1
Country Partnership Strategy: Kazakhstan 2012 2016 SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. Overview. Oil accounts for about a quarter
More informationEMBASSY OF INDIA, BAKU. NO. BKU/COM/201/1/2012 May 15, 2012 ANNUAL ECONOMIC & COMMERCIAL REPORT FOR THE YEAR-2011
EMBASSY OF INDIA, BAKU NO. BKU/COM/201/1/2012 May 15, 2012 ANNUAL ECONOMIC & COMMERCIAL REPORT FOR THE YEAR-2011 (I). OVERVIEW OF AZERBAIJAN S ECONOMY: In 2011, according to the President of Azerbaijan
More informationNATURAL GAS: CHANGING THE MIDDLE EAST ENERGY LANDSCAPE. Malcolm Brinded EXECUTIVE DIRECTOR, UPSTREAM INTERNATIONAL
NATURAL GAS: CHANGING THE MIDDLE EAST ENERGY LANDSCAPE Malcolm Brinded EXECUTIVE DIRECTOR, UPSTREAM INTERNATIONAL 1 KUWAIT: UNLOCKING JURASSIC GAS FIELDS 2 THE MIDDLE EAST GAS PUZZLE Middle East has 40%
More informationOil Price Update Q2 2016
Oil Price Update Q2 2016 Are oil prices near their equilibrium? www.pwc.nl Oil Price Update Q2 2016 Are oil prices near their equilibrium? Global supply and demand Global oil prices have recovered by some
More informationOIL AND US FOREIGN POLICY. David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University
OIL AND US FOREIGN POLICY David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University HISTORY AS A WAY OF LEARNING Importance of Studying the Past: Context for
More informationOUTLOOK FOR NATURAL GAS IN EUROPE
6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner, RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima
More informationDer europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien
Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien DI Dr.techn. Christian Panzer Wien Energie Unternehmensentwicklung Web: http://wienenergie.at
More informationRussia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014
Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationTable of CONTENTS THE NATURAL GAS CHAIN IN COLOMBIA
2 THE NATURAL GAS CHAIN IN COLOMBIA Table of CONTENTS 1 INTERNATIONAL ENVIRONMENT... 8 1.1 Energy in the world... 9 1.2 Natural gas in the world... 15 1.3 Natural Gas in Latin America... 19 2 NATIONAL
More informationThe Global Chemical Industry: US, China and Global Status and Opportunities, 2015
The Global Chemical Industry: US, China and Global Status and Opportunities, 2015 August 28, 2005 American Chemical Society Martha Gilchrist Moore Moore Economics mmoore@mooreeconomics.com Opportunities
More informationAnne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012
World Energy Outlook Russie et Energie Anne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012 Emerging economies continue todrive global energy demand Mtoe 4 500 4 000 3 500 3 000 2 500
More informationSECTOR ASSESSMENT (SUMMARY): ENERGY 1
Country Partnership Strategy: Uzbekistan 2012 2016 SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. The energy sector underpins Uzbekistan s sustained
More informationLNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in
More informationA different view to fiscal break-even oil prices
A different view to fiscal break-even oil prices YANAGISAWA Akira Senior Economist Energy Demand, Supply and Forecast Group Energy Data and Modelling Center Summary Higher oil price level is one of the
More informationNabucco Gas Pipeline Project
Gas Pipeline International GmbH Project Background / Mission Gas Pipeline Project European gas demand is expected to increase considerably in the upcoming two decades. Sufficient gas reserves around Europe
More informationPreparing for Changes in Market Design
Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:
More informationWorld Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency
World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO
More informationThe Aegean LNG and the IGB Pipeline
The EU-BALKAN SUMMIT PAVING THE WAY TO RECOVERY AND GROWTH Sofia, 17 & 18 October 2013 The Aegean LNG and the IGB Pipeline Two highly important projects for the Balkans energy security and gas market integration
More informationThe Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter?
The Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter? A. F. Alhajji, Ph.D. Associate Professor College of Business Administration Ohio Northern university Ada, Oh, 4581 A. F.
More informationGCC in times of cheap oil: an opportunity for economic reform and diversification
GCC in times of cheap oil: an opportunity for economic reform and diversification Kevin Körner & Oliver Masetti GCC in times of cheap oil: an opportunity for economic reform and diversification, June 215
More informationWorld Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014
World Energy Outlook Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles:
More informationThank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum.
Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum. Today, I am going to discuss Wood Mackenzie s view about the opportunities
More informationMain trends in industry in 2014 and thoughts on future developments. (April 2015)
Main trends in industry in 2014 and thoughts on future developments (April 2015) Development of the industrial sector in 2014 After two years of recession, industrial production returned to growth in 2014.
More informationRussia s gas sector and gas export developments. Marc-Antoine Eyl-Mazzega June 2015
Russia s gas sector and gas export developments Marc-Antoine Eyl-Mazzega June 215 IEA: 29 Members, worldwide engagement IEA member countries Accession country Key Partner countries Countries co-operating
More informationEXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment. July 01, 2015
EXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment July 01, 2015 INDIAN ECONOMY SNAPSHOT PARAMETER FY 2010 FY 2013 FY 2014 FY 2015 GDP (current prices, US$ bn) 1365.4 1835.8 1875.9 2050.6
More informationIran s return to world oil markets What does it mean for production, markets, and investment opportunities?
Iran s return to world oil markets What does it mean for production, markets, and investment opportunities? July 2015 Deloitte Center for Energy Solutions Executive summary The imminent return of Iran
More informationOil and Natural Gas Analysis at Norges Bank. Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 2012
Oil and Natural Gas Analysis at Norges Bank Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 212 The Norwegian Petroleum Sector as a Share of Macroeconomic
More informationOil & Gas Industry Recent Developments
Oil & Gas Industry Recent Developments By Dr. Hilmar R. Zeissig Houston International Business Corp. For RIAS BERLIN COMMISSION U.S. Energy Program in Texas Houston, Texas, April 27, 2015 Typical Downstream
More informationNATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030
1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European
More informationHalal food An important issue in global food industry Azadeh Nikfarjam
Halal food An important issue in global food industry Azadeh Nikfarjam As Islam has program for controlling human being social life, it has considered a number of plans and programs for his/her personal
More informationGas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager
Gas markets and supplies from the former I Soviet Union area IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Outline 1. Russia: energy sector transformation Gas market snapshot
More informationOil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues.
OMICS Group cordially invites participants from all over the world to attend International Conference and Expo on Oil and Gas, scheduled during November, 16-18, 2015 at Dubai, UAE mainly focused on the
More information2014 BP Madrid forum on energy & sustainability BP 2014
14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the
More informationRush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four
Rush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four Asia-Pacific nations: South Korea, the Philippines, India, and
More informationHow To Predict The Long Term Demand And Supply Of Natural Gas In Europe
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON 17 th INTERNATIONAL CONFERENCE & EXHIBITION LIQUEFIED NATURAL GAS (LNG 17) ON LIQUEFIED NATURAL GAS (LNG 17) Competition pipeline gas vs LNG in Europe
More informationOil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013
Oil & Gas Capital Expenditure Outlook 2013 GDGE0020TR / Published January 2013 Global Oil and Gas Capital Expenditure is Expected to Increase to US$XX Billion in 2013 The global oil and gas capital expenditure
More informationEnergy Megatrends 2020
Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source
More informationTHE GROWING GLOBAL MARKET OF LNG
THE GROWING GLOBAL MARKET OF LNG ISSUES & CHALLENGES Dr Naji Abi-Aad April 2013 The Growing Global Market of LNG Outline Characteristics of Liquefied Natural Gas (LNG) & its Trade Increasing Volumes of
More informationIssue. September 2012
September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy
More informationInvesting In the Downstream:
Investing In the Downstream: The Point Of View of a National Oil Company Dr. Shokri M. Ghanem Chairman The National Oil Corporation of Libya Good afternoon ladies and gentlemen. Indeed I am delighted to
More informationThe GCC Chemical Industry 2013. Facts and Figures
The GCC Chemical Industry 2013 Facts and Figures 2 CONTENTS 1. About the chemical industry 01 2. GCC chemical industry in 2013: key numbers 06 3. Economic contribution of the GCC chemical industry 08 4.
More informationEconomic Change in India
Adam Cagliarini and Mark Baker* India has become an increasingly important part of the global economic landscape over the past decade. Its economy has become more open to international trade, its workforce
More informationAustralia The Future for Oil and Gas
Australia The Future for Oil and Gas Philip Aiken President and CEO BHP Billiton Petroleum Asia Pacific Petroleum Conference Singapore, September 2003 Australia historical production MMboe 200 150 100
More informationAN OVERVIEW OF INDIA S ENERGY SECTOR
AN OVERVIEW OF INDIA S ENERGY SECTOR India is the world s eleventh largest economy by nominal GDP and fourth largest by Purchasing Power Parity. The eleventh five year plan of India s Planning Commission
More informationMEETING DEMAND CHALLENGES OF AN EMERGING LNG MARKET: INDIA
MEETING DEMAND CHALLENGES OF AN EMERGING LNG MARKET: INDIA Dr A K Balyan MD & CEO Petronet LNG Limited, India ABSTRACT Over the last decade, steep economical growth has positioned India as one of the major
More informationTURKISH CONTRACTING IN THE INTERNATIONAL MARKET
Brief overview TURKISH CONTRACTING IN THE INTERNATIONAL MARKET Construction plays a crucial role in Turkey s economic development, accounting for 5.9% of GDP and employing some 1.8 million people. When
More informationGlobal Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014
Global Energy Dynamics: Outlook for the Future Dr Fatih Birol Chief Economist, IEA 18 June 2014 The world energy scene today Some long held tenets of the energy sector are being rewritten Countries are
More informationNatural Gas Markets in 2006
Order Code RL33714 Natural Gas Markets in 2006 Updated December 12, 2006 Robert Pirog Specialist in Energy Economics and Policy Resources, Science, and Industry Division Natural Gas Markets in 2006 Summary
More informationFalling Oil Prices and US Economic Activity: Implications for the Future
Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for
More informationDear Global Trade Matters Members,
Dear Global Trade Matters Members, Global Trade Matters Egypt s leading private sector think thank for Economic and Political reform is proud to announce its 2015 Calendar of Events and Special Initiatives.
More informationThe shale revolution - impact on the global oil and gas market
The shale revolution - impact on the global oil and gas market Thina Margrethe Saltvedt, Senior Analyst, Macro/Oil March 2013 @ThinaSaltvedt Brief intro to the oil market Drivers of the oil price Short-term
More informationEnergy and Water Statistics. Released Date: Novermber 2015
Energy and Water Statistics 2014 Released Date: Novermber 2015 Table of content Introduction... 3 Water and electricity statistics... 4 Electricity generation... 4 Fuel consumption of the water and electricity
More informationSECTOR ANALYSIS. Egypt: Energy Sector. The Embassy of Denmark in Cairo
SECTOR ANALYSIS Egypt: Energy Sector The in Cairo March 2014 Keywords: Egypt, The in Cairo, energy, oil, gas, wind energy, solar energy, hydroelectric power. Resume: In this sector analysis you will find
More informationEnergy White Paper at a glance
and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty
More informationComparing Levels of Development
2 Comparing Levels of Development Countries are unequally endowed with natural capital. For example, some benefit from fertile agricultural soils, while others have to put a lot of effort into artificial
More informationTECHNIP AT A GLANCE 2014
TECHNIP AT A GLANCE 2014 Unique range of activities A world leader in project management, engineering and construction for the energy industry S U B S E A OFFSHORE Subsea infrastructures, from deep to
More informationThe lower energy and feedstock prices overall have the following effects:
Impact of lower oil price on the European Chemical Industry Executive summary Oil prices have seen a rapid drop over the past six months with the price per barrel sinking to its lowest point since 2009.
More informationA Snapshot of World Oil Demand and Oil Supply Evolution
A Snapshot of World Oil Demand and Oil Supply Evolution Huei-Chu Liao and Yun Chi Chen Department of Economics, TamKang University, rubyliao@mail.tku.edu.tw Shu-Chuan Lin Department of Natural Resource
More informationIEA-IEF-OPEC Outlook Comparison
IEA-IEF-OPEC Outlook Comparison Richard Newell, Director, Duke University Energy Initiative Gendell Professor of Energy and Environmental Economics, Nicholas School of the Environment Sixth IEA-IEF-OPEC
More informationOil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014
Oil and Gas Prices Oil and Gas Investor Summit London 17th-18th June 2014 Oil Price Drowning in oil Economist, March 1999 $10 oil might actually be too optimistic. We may be heading for $5. Crude touches
More informationA Cheaper Renewable Alternative for Belarus
A Cheaper Renewable Alternative for Belarus Issue paper from INFORSE-Europe 1, by Gunnar Boye Olesen, July 2011 Summary Following the increasing fossil energy prices, the country of Belarus is struggling
More informationRevisiting Global Energy Security. Girijesh Pant Jawaharlal Nehru University
Revisiting Global Energy Security Girijesh Pant Jawaharlal Nehru University Global Age-Nation to Global Nation Economies are globalising. Globalising nation economies are integrating. Interoperability
More informationWorld Energy Outlook 2012. Presentation to the press London, 12 November 2012
World Energy Outlook 2012 Presentation to the press London, 12 November 2012 The context Foundations of global energy system shifting Resurgence in oil & gas production in some countries Retreat from nuclear
More informationFigure 1: Gross inland energy consumption mix 2008-2012 (source: Eurostat)
Greece Key Issues prices were fully liberalised in July 2013 but no effective entry into the market has taken place and the incumbent electricity company remains the dominant supplier as a result. prices
More informationRESTRUCTURING PROCESS OF TURKISH NATURAL GAS MARKET AND TODAY
RESTRUCTURING PROCESS OF TURKISH NATURAL GAS MARKET AND TODAY S.Murad SERALIOGLU Head of Technical Training Department IGDAS (Istanbul Gas Distribution Co. Inc.) Tel: +90 216 681 45 30 mseralioglu@igdas.com.tr
More informationREN21 2014 Global Status Report Renewable energy in the MENA region. Presented by the UAE Ministry of Foreign Affairs 3 July 2014
REN21 2014 Global Status Report Renewable energy in the MENA region Presented by the UAE Ministry of Foreign Affairs 3 July 2014 News of 2013 and early 2014 200 MW of wind completed and 160 MW of CSP under
More informationCBRE CLARION SECURITIES MASTER LIMITED PARTNERSHIPS: GLOBALIZATION OF ENERGY MARKETS LEADING TO SECULAR GROWTH
CBRE CLARION SECURITIES MASTER LIMITED PARTNERSHIPS: GLOBALIZATION OF ENERGY MARKETS LEADING TO SECULAR GROWTH MAY 2014 201 King of Prussia Road, Suite 600 Radnor, PA 19087 USA T. 610.995.2500 www.cbreclarion.com
More informationAdding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner
Adding fuel to the fire North America s hydrocarbon boom is changing everything Steven Meersman Mark Pellerin Roland Rechtsteiner What if the gasoline that you put in your car came from natural gas instead
More informationINTRODUCTION. Production / Extraction of Oil. Distribution & Sale to refined products to end users
CRUDE OIL INTRODUCTION Crude oil holds prominence as input to the global growth engine since it is the most important source of energy accounting for more than two fifth of the global energy consumption.
More informationFifty years of Australia s trade
Fifty years of Australia s trade Introduction This edition of Australia s Composition of Trade marks the publication s 50th anniversary. In recognition of this milestone, this article analyses changes
More informationBenchmarking of Biodiesel Fuel Standardization in East Asia Working Group
Chapter 2 Energy Situation in the World Benchmarking of Biodiesel Fuel Standardization in East Asia Working Group July 2010 This chapter should be cited as Benchmarking of Biodiesel Fuel Standardization
More informationSustainable Energy Pathways in the South Caucasus: Opportunities for Development and Political Choices
Sustainable Energy Pathways in the South Caucasus: Opportunities for Development and Political Choices Key Findings of HBS SC`s Regional Energy Study Reform Group Meeting 2015, Salzburg Tamar Antidze Program
More informationElectricity market drivers
Daniel Assandri Head of Power Systems ABB (China) Ltd Electricity market drivers March 2008 Global T&D Market Drivers ABB Power Systems division - slide # 2 ABB s view on and market drivers The Americas
More informationEffect of Increased Natural Gas Exports on Domestic Energy Markets
Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy January 2012 This report was prepared by the U.S. Energy Information Administration (EIA),
More informationKeisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October
Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate
More informationTURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS
TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS Öztürk SELVITOP Head of Department 4 th GAS FORUM 10-11 11 September 2009 Ljubljana - SLOVENIA Strategies in the Energy Sector Major Aspects Exploration
More informationDetails on the Carbon Tax (Tax for Climate Change Mitigation)
Details on the Carbon Tax (Tax for Climate Change Mitigation) Introduction of Carbon Tax Contents 1. Background and Purpose of Carbon Tax 2. Mechanism of Carbon Tax 3. Household Burden due to Carbon Tax
More informationNo. 4 November 2006. Energy & Geopolitics. A European and a Chinese Perspective
Foreign Voices No. 4 November 2006 Energy & Geopolitics A European and a Chinese Perspective In this issue of the Foreign Voices, the geopolitical implications of the growing demand for energy resources
More informationWorld Steel Outlook 2015-2016 Adam Szewczyk / Manager, Economics and Statistics. Х Metal Expert s Conference, April 20-21, 2015, Kiev, Ukraine
World Steel Outlook 2015-2016 Adam Szewczyk / Manager, Economics and Statistics Х Metal Expert s Conference, April 20-21, 2015, Kiev, Ukraine Disclaimer text This document is protected by copyright. Distribution
More informationBusiness Opportunities in the Mexican PV market. September 2013 Nikolai Dobrott, Managing Partner
Business Opportunities in the Mexican PV market September 2013 Nikolai Dobrott, Managing Partner Agenda. Apricum The Cleantech Advisory The global solar market Solar market and opportunities in Mexico
More informationFrom Carbon Subsidy to Carbon Tax: India s Green Actions 1
From Carbon Subsidy to Carbon Tax: India s Green Actions 1 09 CHAPTER 9.1 INTRODUCTION The recent steep decline in international oil prices is seen by many as an opportunity to rationalize the energy prices
More informationCRS Report for Congress
Order Code RS21765 Updated January 19, 2005 CRS Report for Congress Received through the CRS Web Summary Iraq: Paris Club Debt Relief Martin A. Weiss Analyst in International Trade and Finance Foreign
More informationTrends in the oil and gas markets
Trends in the oil and gas markets Danske Markets oil and gas seminar Oslo, 12.06.12 Ottar Skagen, Statoil CFO Macroeconomics and Market Analysis Oil prices on a rollercoaster since the mid 2000s Source:
More informationChanging Landscape of LNG Business in the APEC Region
Changing Landscape of LNG Business in the APEC Region APEC Workshop on APEC Energy Future Ulsan, Korea 22 August 2005 Yonghun Jung, Ph.D Vice President Asia Pacific Energy Research Centre, Tokyo Table
More informationSummer Again: The Swing in Oil Demand in Saudi Arabia 1
Oxford Energy Comment July 2013 Summer Again: The Swing in Oil Demand in Saudi Arabia 1 Bassam Fattouh It is the time of the year when Saudi Arabia s domestic energy consumption is in the limelight. During
More informationChina Solar Market Analysis
China Solar Market Analysis Eilat-Eilot Renewable Energy 5 th International Conference & Exhibition Nov. 2012 Anna Wang - Sales Manager (Southern Europe & LaTam) Outline China Overview -About China -Chinese
More informationPlease address your inquiries to balances@iea.org.
Excerpt from: ii - EXCERPT FROM ENERGY BALANCES OF OECD COUNTRIES (215 edition) The following analysis is an excerpt from the publication Energy Balances of OECD Countries (215 edition). Please note that
More informationEnergy efficiency is a priority for the Russian Federation in its energy policy
Energy efficiency is a priority for the Russian Federation in its energy policy Mikhail Soloviev Geneva, 7-9 October 2009 Purpose and Principles of Government Energy Policy Purpose: most efficient use
More informationBrisbane Mining Club June Lunch 2014 David Knox Managing Director & CEO, Santos Limited
Brisbane Mining Club June Lunch 2014 David Knox Managing Director & CEO, Santos Limited Thursday, 5 June Brisbane Ladies and Gentlemen Thank you for inviting me here today. Today I want to talk to you
More informationReducing America s Dependence on Foreign Oil Supplies. Martin Feldstein *
Reducing America s Dependence on Foreign Oil Supplies Martin Feldstein * The United States now imports nearly 60 percent of the oil that we consume. This dependence on foreign supplies makes us vulnerable
More informationKazakhstan Oil Supply Chain: Despite Upstream Synergy, the Republic Faces Downstream Challenges in Global Markets
Kazakhstan Oil Supply Chain: Despite Upstream Synergy, the Republic Faces Downstream Challenges in Global Markets Jay Nathan Tobin College of Business St. John s University Queens, New York 11439 nathanj@stjohns.edu
More informationNatural Gas and LNG Business Today and Tomorrow
Natural Gas and LNG Business Today and Tomorrow September 7, 2011 Mitsubishi Corporation Energy Business Group Junichi Iseda Senior Vice President, Division COO Natural Gas Business Division B Part 1:
More informationImpact of the International Financial Crisis on MENA Capital Markets
Impact of the International Financial Crisis on MENA Capital Markets Forum on the Current International Financial Crisis: Implications and Lessons for Arab Region Beirut, Lebanon December 2-3, 2008 Auguste
More informationGEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE
GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE Jean-Paul Decaestecker Council of the European Union Energy Foresight Symposium 2007 BERGEN, 22-23 March 2007 EFS 2007 The views expressed
More information