Each year the International Energy Agency (IEA) issues a special World Energy Outlook report. The 2019 edition was released last week. In this year’s Stated Policies Scenario, the share of natural gas in global primary energy demand grows to about 25% by 2040, and in the Sustainable Development Scenario, gas retains a critical role by supplying a projected one fifth of the world’s primary energy in 2050. Shale production growth is now slowing as investors lose interest, but IEA says: “the shale race is not yet run; many of the most profound impacts of the shale revolution still lie ahead.” Cool!
Each year the International Energy Agency (IEA) issues a special World Energy Outlook report. The 2019 edition was released last week. In this year’s Stated Policies Scenario, the share of natural gas in global primary energy demand grows to about 25% by 2040, and in the Sustainable Development Scenario, gas retains a critical role by supplying a projected one fifth of the world’s primary energy in 2050. Shale production growth is now slowing as investors lose interest, but IEA says: “the shale race is not yet run; many of the most profound impacts of the shale revolution still lie ahead.” Cool!