Tag Archives: Fatih Birol

Global demand for natural gas is set to keep growing over the next five years. driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade.

Many U.S. reactors have already seen their lifespan extended to 60 from 40 years.

A new IEA report finds nuclear power capacity in advanced economies could fall sharply. making the global energy transition harder and more costly.

Total energy investment stabilized at about $1.85trn in 2018 after three years of decline.

Renewable capacity additions need to grow by over 300 GW on average each year between 2018 and 2030 to reach the goals of the Paris Agreement.

The world cannot afford to ‘press pause’ on the expansion of renewables.

IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.

Energy consumption worldwide grew by 2.3 percent in 2018.

The amount of crude OPEC is capable of pumping is also set to deteriorate.

The IEA has long emphasized the role of China. India. and other countries in Asia in driving global natural gas demand.