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© Weltenergierat – Deutschland e. V. Dr. Carsten Rolle l 12.10.2017
A Global Outlook
on Natural GasDr. Carsten Rolle
Weltenergierat – Deutschland e. V.
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Agenda
Introduction Weltenergierat – Deutschland e. V.
Climate Goals and Natural Gas
Natural Gas in the Global Energy Mix
The Role of Unconventional Resources
The LNG Potential
Conclusion
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World Energy Council (WEC)
3
► Largest international
energy organization
► About 100 Member Committees
► Founded in1923
► Independent, no lobby organization
► Comprises all energy sources
► Represents more than 90 % of
global energy production
► International work and study groups
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WEC - Germany
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XXIII. Weltenergiekonferenz:
Oktober 2016 in Istanbul, Türkei
► German WEC Committee
► Head office in Berlin
► More than 60 member companies of the energy sector and beyond
► Own publications, events, round tables, press talks …
Our goal: „Realization and distribution of the WEC work results in Germany in order to
inform based on facts and draw attention to the global aspects of energy and climate
policy in the national discussion.“
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Climate Goals
and Natural Gas
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WEC-Scenarios: Global CO2
reduction goals not reached
Source: Global CO2-Emissions in billion tons, World Energy Council Scenarios 20166
Expected Temperature Increase
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Natural Gas consumption will rise
according to all WEC-Scenarios
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- In all three scenarios, global natural gas
consumption will rise and contribute to
climate protection
- The most climate-friendly scenario
“Unfinished Symphony“ sees a decline as
of 2050
- Market-driven scenario “Modern Jazz“
assumes the highest gas consumption
Source: World Energy Council Scenarios 2016
Natural Gas Consumption(in billion tons oil-equivalent)
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Natural Gas in the
Global Energy Mix
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Global Primary Energy
Consumption: Gas surpasses Coal
Source: World Energy Outlook 20169
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Developing Countries lead the Growth
in Global Gas Demand
10Source: World Energy Outlook 2016
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The Key to Global Gas Demand Growth:
Power Generation, Industry, Buildings
11Source: World Energy Outlook 2016
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Future Gas Production Regions:
Algeria, Indonesia, India, Mexico …
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Source: World Energy Outlook 2016
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Asia is the Engine for
Incremental Gas Imports
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Source: World Energy Outlook 2016
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EU Gas Imports grow; Supplier Diversity
increases due to a Boost in LNG Trade
14Source: World Energy Outlook 2016
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The Role of
Unconventional Resources
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Unconventional Gas Worldwide: USA,
Canada, China and Australia leading
Source: World Energy Council „Unconventional gas, a global phenomenon“ 16
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The US at a turning point –
from net importer to net exporter
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Source: Team Consult “The US in Focus”, Oil & Gas Expert Talks 2017
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US LNG delivered mainly to
Latin-America and Asia-Pacific Region
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Source: Team Consult “The US in Focus”, Oil & Gas Expert Talks 2017
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Argentina estimated to have the
second-largest shale gas resource
Source: World Energy Outlook 2016 19
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Unconventional Gas Reserves –
Developments are hard to foresee
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► Different political framework conditions worldwide
► High speed development of resources
► New competitors
► Globally available in form of LNG
► Price peaks
► BP expects increase of shale gas in global gas production from 11 % to 24 % until 2035
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The LNG Potential
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LNG spurs a Second Natural Gas
Revolution
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Source: World Energy Outlook 2016
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Oil and Gas Prices in Asia, Europe, USA:
Gas Prices decreased by 30 % in 2016
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Global LNG-Trade: 265 million tons
in 2016; Asia-Pacific largest importer
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LNG Supplies Grow Strongly led by
US and Australia
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Source: BP Energy Outlook 2017
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Conclusion
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Conclusion
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► Global role of gas is increasing – most dynamic fossil fuel
► This might continue until mid 2030’s. Let us not talk away necessary investments
► Unconventional gas reserves / shale gas continues to have disruptive potential
► LNG will dominate gas trade in the future and pushes integration of regional markets stepwise further
► Diversification of gas extraction and delivery options goes on – (European) consumers profit from that
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Where can you meet the
World Energy Council next?
• Executive Assembly
October 16 – 19, 2017 in Lisbon
• 1st Nordic Energy Forum
November 14 – 15, 2017 in Helsinki
• World Energy Outlook
November 17, 2017 in Berlin
• Energy Day 2017
November 21, 2017 in Berlin
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Questions and Thoughts
Weltenergierat – Deutschland e.V.
Gertraudenstrasse 20
10178 Berlin
Tel: 030-2061 6750
Fax: 030-2028 2462
E-Mail: [email protected]
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New Exporters Boost Supplier
Diversity
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Source: World Energy Outlook 2016