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World Energy Outlook

World Energy Outlook Special Report "Africa Energy Outlook"

‌‌‌Africa Energy Outlook coverRELEASED 13 OCTOBER 2014

Sub-Saharan Africa's energy sector can be improved to unlock a better life for its citizens. This report describes one of the most poorly understood parts of the global energy system, offers an authoritative study of its future prospects - broken down by fuel, sector and sub-region - and shows how investment in the sub-Saharan energy sector can stimulate rapid economic and social development across the region.

Press Quotes

30 October 2014, EurActiv

International Energy Agency chief economist Dr Fatih Birol said there would be a “substantial” amount of new liquefied natural gas (LNG) potential in Sub-Saharan Africa. “Investment in liquefied natural gas (LNG) projects could significantly enhance the diversification of gas imports to Europe,” he said. Half of the overall increase in gas output would go to domestic power generation and industry, but that would still leave plenty to export to Europe. “Sub-Saharan Africa will remain a cornerstone of global oil markets while emerging as a major new player in the natural gas markets,” Birol said.

23 October 2014, Financial Times

Natural gas demand in Europe is likely to remain weak for almost two decades, according to the chief economist at the International Energy Agency, casting doubt on the continent’s ability to diversify its energy supplies and achieve climate change goals at an affordable cost.

22 October 2014, Petroleum Economist

Sub-Saharan Africa will need $3 trillion of investment in new energy infrastructure by 2030 if the region is to raise hundreds of millions out of poverty and sustain economic growth, a new report by the International Energy Agency (IEA) said. In the IEA's Africa Energy Outlook published on 13 October, the agency said spending on energy and infrastructure in sub-Saharan Africa would need to be doubled to $110 billion per year to give millions of Africans access to affordable electricity.

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World Energy Outlook 2014

WEO 2014 Cover(TO BE RELEASED ON 12 NOVEMBER 2014)

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Table of Contents  

‌The global energy landscape is evolving at a rapid pace, reshaping long-held expectations for our energy future. The 2014 edition of the World Energy Outlook will incorporate all the latest data and developments to produce a comprehensive and authoritative analysis of medium- and longer-term energy trends. It will complement a full set of energy projections with strategic insights into their meaning for energy security, the economy and the environment. Oil, natural gas, coal, renewables and energy efficiency will be covered, along with updates on trends in energy-related CO2 emissions, fossil-fuel and renewable energy subsidies, and universal access to modern energy services. The WEO-2014 will also provide in-depth analysis of some topical energy sector issues:

  • Energy sector investment: The analysis will provide a detailed assessment of current flows and future investment needs along the entire energy value chain, examining the scale of investment required and financing options. The report will also show how barriers to investment vary according to the strength of decarbonisation policies. (WEO Special Report  released 3 June)
  • Africa: This continent-wide focus, paying particular attention to the energy outlook for sub-Saharan Africa, will include data and projections for the entire region as well as for its key energy-producing and consuming countries. Key elements for analysis will be the prospects for improving access to modern energy services and for developing the region’s huge resource potential in a way that contributes not only to regional and global energy balances but also to local economic and social well-being. (WEO Special Report released 13 October)
  • Nuclear power: Uncertainties continue to cloud the future for nuclear – government policy, public confidence, financing in liberalised markets, competitiveness versus other sources of generation and the looming retirement of a large fleet of older plants. The study will assess the outlook for nuclear power and its implications.

World Energy Outlook 2013

WEO-2013 cover

Released on 12 November 2013

Large differences in regional energy prices are set to affect industrial competitiveness, influencing investment decisions and company strategies. The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade, but the Middle East –  the only large source of low-cost oil –  will remain at the centre of the longer-term oil outlook. India is set to overtake China in the 2020s as the principal source of growth in global energy demand. 

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Bringing together the latest data and policy developments, the World Energy Outlook 2013 presents up to date, projections of energy trends through to 2035, fuel by fuel, sector by sector, region by region and scenario by scenario. Oil is analysed in-depth: resources, production, demand, refining and international trade. Energy efficiency is treated in much the same way as conventional fuels: Its prospects and contribution are presented in a dedicated chapter. The report examines the outlook for Brazil's energy sector and provides updates on three key areas of critical importance to energy and climate trends: (i) achieving universal energy access; (ii) developments in subsidies to fossil fuels and renewables; and (iii) the impact of energy use on climate change.

World Energy Outlook 2013 - special early reports:

- Special Report Redrawing the energy-climate map released 10 June
- Special Report Southeast Asia Energy Outlook released on 2 October

WEO User Survey

Thank you to all WEO readers who participated in the online user survey. Your feedback was greatly appreciated. A random draw was held to determine the recipients of five copies of WEO-2014. Congratulations to the winners: Peter Knutzen, Bengt Johansson, Kevin Noone, Henk Reimink and Toshio Sagane!

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