The gas market report shows that in the first quarter of 2019, Liquefied Natural Gas (LNG) imports in the EU posted a strong increase (126%) compared to the first quarter of 2018, primarily owing to the shrinking price premium of the Asian gas markets to Europe, offering competitive opportunities to LNG cargoes with European destinations, especially from the Atlantic Basin and the Middle East. (more…)
Energy supply projections
The supply mix to meet growing energy demand will be historically diverse – from the oil and natural gas in America’s shale regions, to the deepwater fields off Brazil; from new nuclear reactors in China, to wind turbines and solar arrays in nations around the world.
This diversification in global energy supply will grow over the next two-and-a-half decades. Society’s push for lower-emission energy sources will drive substantial increases in renewables such as wind and solar. By 2040, nuclear and all renewables will be approaching 25 percent of global energy supplies.
Oil grows and continues to be the primary source of energy for transportation and as a feedstock for chemicals. Natural gas also grows, with increasing use in power generation, as utilities look to switch to lower-emissions fuels. Coal struggles to grow due to increased competition in power generation from renewables and natural gas, led by declines in OECD nations. (more…)