This paper looks at the current state of play in energy markets, in terms of production, consumption, reserves and the pipeline of investments.
Chapter 2, Energy: the current state of play, looks at the current level of consumption, recent trends for energy, and the energy mix by fuel type. It then looks at the nature and location of consumption, the level of international reserves of fossil fuels, and production levels including of electricity. Finally there is a discussion on climate change, CO2 emissions, and the potential limit this places on future production and use of fossil fuels.
Chapter 3, Scenarios for energy markets in coming years, firstly assesses the short-term investment outlook for energy markets using the best data available. It then looks at some high-level scenarios for energy demand and supply made up to 2030, 2035 or 2040. It describes how modelling is undertaken and the key assumptions that underlie scenarios. It then looks in detail at one publically available model and projections, namely, the World Energy Outlook 2010, built using the IEA’s World Energy Model (WEM).
Chapter 4, The significance of new finds, looks at recent finds of fossil fuels in Africa – including oil in Uganda and Ghana, East African gas and Mozambican coal. It aims to show how the size and potential of these finds compares to international supply and demand, and thus estimates the significance of these finds for world energy markets.
Holden, J. Global energy markets. What do African resource finds mean for global energy supply in relation to demand in coming years? EPS PEAKS, UK (2012) 35 pp.