Tag Archives: International Energy Agency (IEA)

Natural gas is the fastest growing fossil fuel in the New Policies Scenario.

Clean energy sources could also account for more than 40% of total generation in the global power mix by this date.

Energy needs in Central and South America will grow less rapidly than other developing economies.

China is raising its domestic natural gas production.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

OPEC member Venezuela last year produced more than 2 million bpd.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

In Asia. America’s closest allies Japan and South Korea have followed suit for now.

There is a great need for oil and gas nations to diversify their economy.

Many countries in Asia including India. Bangladesh and Indonesia have made great progress in providing access to electricity. but others lag behind.