IEA

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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