Barrelperday

The energy transition from fossil fuels to renewables will likely be faster than the International Energy Agency predicts in its recent World Energy Outlook. We are at a point when renewables are getting cheaper than fossil fuels in many areas, and that means a whole different game. […]

In the previous post we highlighted that a significant oversupply is building up in international LNG markets, and suppliers have to find new markets as Asia seems to get satiated with LNG. In the longer run, we expect new markets to emerge while the deployment of LNG in transportation will become more widespread. However, in the next few years LNG can be sold only at those markets where infrastructure has already been installed to regasify and distribute LNG to consumers. Therefore, many free LNG cargos will head towards the European markets. In this post we examine to what extent LNG will be able to penetrate the competitive European gas markets and how market conditions will change as a result of the intensified international competition. […]

The world is either going to be constrained by the high price of energy, cook itself or it will use a lot of gas, barring a revolution in renewables.

[…]

A bit more than 4 barrels of oil. Or about 700 liters. That is how much oil the average person uses each year globally. And it has been the same for the past 30 years.

[…]

In what does Europe beat the world, and what does America excel in? We were also inspired by the world map that went viral on the net last week: more people living inside of a circle than outside of it… We made a couple versions for the energy industry too.

[…]