IEA

IEA: Coal demand will remain stable through 2023

According to IEA global coal demand is expected to increase for the second year in a row in 2018, and remain stable over the next five years as declines in Europe and North America are offset by strong increase in India and Southeast Asia.

Namely, because of the environmental restrictions, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas there is a pressure on coal. As a result, coal’s contribution to the global energy mix is...

https://safety4sea.com/iea-coal-demand-will-remain-stable-through-2023/

CO2 emissions from advanced economies to increase in 2018

The world’s advanced economies will see a rise in their carbon dioxide emissions in 2018, overturning a five year-long decline, IEA reported. Namely, CO2 emissions in these economies will increase by 0.5% in 2018.

According to the latest energy data, CO2 emissions in North America, the European Union and other advanced economies in Asia Pacific increase, as more oil and gas use more than offset declining coal consumption. Thus, IEA expects CO2 emissions in these economies to rise by about 0.5%...

https://safety4sea.com/co2-emissions-from-advanced-economies-to-increase-in-2018/

New report raises fuel security concerns for Australia

With less than three weeks of liquid fuel reserves, Australia risks grinding to a halt following a global economic shock or conflict along a major trade route, but a new report by the Maritime Union of Australia outlines a potential solution for bigger fuel security that would cost consumers less than a cent per litre. The report examines the policy and industry changes that have caused fuel supplies to fall to just a quarter of the International Energy Agency’s fuel stockholding obligation,...

https://safety4sea.com/new-report-raises-fuel-security-concerns-for-australia/

IEA’s outlook still positive for tankers

IEA published its annual long-term energy outlook, describing the developments in oil demand and supply through to 2040. In the New Policies Scenario, the agency considers not only the current policies but also ambitions, including those set out in Paris agreement, along with possible evolution of current technologies.

According to Gibson Shipbrokers, in this scenario oil demand is expected to increase by 1 million b/d per year to 2025. The increase in global demand will derive from developing...

https://safety4sea.com/ieas-outlook-still-positive-for-tankers/

IEA: Energy demand to rise by over 25% until 2040

IEA published the World Energy Outlook 2018 (WEO 2018), which includes global energy trends and their possible impacts on supply and demand, carbon emissions, air pollution, and energy access.

According to IEA, major transformations are happening for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of natural gas markets.

WEO 2018 concluded that there are mixed signals regarding the pace and direction of change....

https://safety4sea.com/iea-energy-demand-to-rise-by-over-25-until-2040/

IEA: Oil and gas exporters to face significant challenges in the future

According to a new report by IEA, major oil and gas exporters have experienced many disruptions recently, but a new commitment to reform and economic diversification will be crucial to deal with with the changing dynamics of global energy.

The new dynamics include increased production from new sources such as shale, uncertainties over the pace of oil demand growth and deployment of new energy technologies.

The ups and downs in oil prices over the last decade has relieved the structural weaknesses...

https://safety4sea.com/iea-oil-and-gas-exporters-to-face-significant-challenges-in-the-future/

IEA: LNG flexibility improved but gas market is still uncertain

According to IEA’s third annual Global Gas Security Review, the evolution of the global natural gas market, driven mainly by LNG demand, continues to reshape the relationship between buyers and sellers, and leads to new challenges for the global security of energy supplies.

The emergence of major LNG buyers led by China and the increased production and exports form the US, are changing global natural gas markets.

Namely, China’s supply shortfall last winter caused many effects around the world,...

https://safety4sea.com/iea-lng-flexibility-improved-but-gas-market-is-still-uncertain/

IEA: Energy efficiency policies can reduce GHG emissions by 40%

A world wide attempt to use the right energy efficiency policies could lead greenhouse gas emissions to peak quickly and then decrease. This could happen even as the global economy doubles between now and 2040, IEA’s Energy Efficiency 2018 report.

Energy Efficiency 2018 analyzes ways to improve global energy efficiency to 2040, concluding that efficiency alone could allow the world to extract twice as much economic value from the energy it uses compared to today.

This analysis comes as the Intergo...

https://safety4sea.com/iea-energy-efficiency-policies-can-reduce-ghg-emissions-by-40/

IEA: Oil demand and supply are close to historic peaks

According to IEA, global oil demand and supply are close to historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow. Production has increased, driven by the US shale revolution, and supported by big increases in Brazil, Canada and elsewhere.

In the future, a large amount of potential supply could come from Iran, Iraq, Libya, Nigeria and Venezuela, if their challenges are addressed. IEA also notes that rising living standards, particularly in developing countries,...

https://safety4sea.com/iea-oil-demand-and-supply-are-close-to-historic-peaks/

IEA: Ocean plastics possible to double by 2030

IEA published the report ‘The Future of Petrochemicals’ last week in which it analyses the industry. According to IEA, the industry will grow significantly over the next years, with plastics being its main constituent. This could double the amount of plastics in the sea by 2030.

Namely, the petrochemicals industry will be responsible for about 50% of the growth in world oil demand between 2018 and 2050, with plastics being the main factor constituent of this demand growth.

This development...

https://safety4sea.com/iea-ocean-plastics-possible-to-double-by-2030/

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