Global and Regional Perspective of the Energy...
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Pål Rasmussen, Secretary General of IGU ARPEL, Uruguay 7 APRIL 2015 Global and Regional Perspective of the Energy Sector The Perspective of the Gas Industry
Transcript of Global and Regional Perspective of the Energy...
Pål Rasmussen, Secretary General of IGU
ARPEL, Uruguay
7 APRIL 2015
Global and Regional Perspective of the Energy Sector
The Perspective of the Gas Industry
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IGU Global Membership
> 97 % of the global gas market
www.igu.org
91 Charter members
51 Associate members
IGU membersFounded in 1931
* Status as of end October 2014
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4th IGU-IEF Ministerial Gas Forum
- Promoting
dialogue with
policy makers
- Important
arena for gas
advocacy
Acapulco, Mexico 12 November 2014 co-hosted by Government of Mexico
“The Role of Gas in Energy Security and Sustainable Economic
Development”
Enhancing the profile of gas worldwide
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World Trends
Source: IGU6
The world needs energy services:
• Reliable, clean, affordable, safe
The global energy future
Drivers:
• Rising population & middle class
• Economic development and job creation
• Public health: urban air quality
• Environmental concerns
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A global energy trilemma
Energy
trilemma
Available
Affordable Clean
World Trends
Source: IGU9
10Source: IEA WEO 2014
Fuel shares in world primary energy demand,
IEA WEO New Policies Scenario
Gas is clean
• Gas as transportation, heating & cooking and power generation
fuel will reduce pollution in big city areas
• Emissions of particles from natural gas are almost negligible
• Good compliment to wind and solar power generators
• The Gas Industry is supporting a well functioning «cost for
carbon» scheme
Source: IPCC and IHS CERA
Natural gas easy
to turn on and off
Natural gas partnering with renewables
Society needs energy 24 / 7
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Gas Wind Solar Hydro
Droughts10-25%30-40% 90-100%Capacity
utilisation
Gas can be used in many sectors
Power
Residential
Industrial
Transport
Commercial
Gas is adaptable
Upstream Midstream
Gas is available
- and widely distributed
144/13/2015Source: ExxonMobil/IEA
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World trends
Argentina
Proved Reserves: 0.3 Trillion m³
Production: 35.5 Billion m³
Consumption: 48.0 Billion m³
Bolivia
Proved Reserves: 0.3 Trillion m³
Production: 20.8 Billion m³
Brazil
Proved Reserves: 0.5 Trillion m³
Production: 21.3 Billion m³
Consumption: 37.6 Billion m³
Colombia
Proved Reserves: 0.2 Trillion m³
Production: 12.6 Billion m³
Consumption: 10.7 Billion m³
Peru
Proved Reserves: 0.4 Trillion m³
Production: 12.2 Billion m³
Consumption: 6.6 Billion m³
Trinidad & Tobago
Proved Reserves: 0.4 Trillion m³
Production: 42.8 Billion m³
Consumption: 22.4 Billion m³
Venezuela
Proved Reserves: 5.6 Trillion m³
Production: 28.4 Billion m³
Consumption: 30.5 Billion m³
Source: BP Statistical Review 2014
Chile
Consumption: 4.3 Billion m³
Natural Gas: Proven Reserves and
Production - 2013
Source: CEDIGAZ
Shale gas production prospects
outside North America (Bcm)
Gas production to increase
Gas is affordable
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$/Mbtu HH (Monthly average) $/Mbtu NBP (Monthly average) $/Mbtu Japan import price
Average wholesale gas prices, Japan, UK, US
Enabling a sustainable energy future
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Safe &
Sustainable
Future
Technology
& R&D
Policy
& Regulations
Collaboration
