Title: Forecast of Todays Energy Industry Presented By: Barry - - PowerPoint PPT Presentation

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Title: Forecast of Todays Energy Industry Presented By: Barry - - PowerPoint PPT Presentation

Mar 20, 2023 335 likes •512 views

Title: Forecast of Todays Energy Industry Presented By: Barry Worthington, Executive Director, USEA U.S. Energy Consumption SHIFTING TRADE JANUARY 29-30, 2020 Global Energy Consumption SHIFTING TRADE JANUARY 29-30, 2020 U.S. Gross

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SLIDE 1

Title: Forecast of Today’s Energy Industry

Presented By: Barry Worthington, Executive Director, USEA

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SLIDE 2

U.S. Energy Consumption

SHIFTING TRADE ● JANUARY 29-30, 2020

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SLIDE 3

Global Energy Consumption

SHIFTING TRADE ● JANUARY 29-30, 2020

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SLIDE 4

U.S. Gross Imports & Exports

SHIFTING TRADE ● JANUARY 29-30, 2020

5 10 15 20 25 30 35 40 1990 2010 2030 2050 Gross energy trade (Reference case) quadrillion British thermal units exports imports 2018 history projections

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SLIDE 5

U.S. Net Energy Imports & Exports

SHIFTING TRADE ● JANUARY 29-30, 2020

  • 10
  • 5

5 10 15 20 25 30 1990 2010 2030 2050 Net energy imports (Reference case) quadrillion British thermal units petroleum and other liquids electricity coal and coke natural gas 2018 history projections net imports net exports

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SLIDE 6

Global Coal Consumption

SHIFTING TRADE ● JANUARY 29-30, 2020

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SLIDE 7

Global Coal Trade

SHIFTING TRADE ● JANUARY 29-30, 2020

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SLIDE 8

Global Renewable Growth

SHIFTING TRADE ● JANUARY 29-30, 2020

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2010 2020 2030 2040 2050 Renewable electricity generation, including end-use (Reference case) billion kilowatthours 2018 history projections solar PV wind geothermal hydroelectric

  • ther

48% 37% 18% 25% 39% 9% 13% 4% 5% 2%

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SLIDE 9

Low Oil Price Environment

SHIFTING TRADE ● JANUARY 29-30, 2020

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SLIDE 10

U.S. Natural Gas (LNG) Exports

SHIFTING TRADE ● JANUARY 29-30, 2020

  • 14
  • 7

7 14 21 28

  • 5

5 10 2000 2010 2020 2030 2040 2050 Natural gas trade (Reference case) trillion cubic feet 2018 history projections Liquefied Natural Gas exports Pipeline exports to:

  • Mexico
  • Canada

Pipeline imports from:

  • Canada

LNG imports billion cubic feet per day

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U.S. LNG Export Terminals

SHIFTING TRADE ● JANUARY 29-30, 2020

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Pending U.S. LNG Export Terminals

SHIFTING TRADE ● JANUARY 29-30, 2020

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IMO Sulphur Regulations for Fuel

SHIFTING TRADE ● JANUARY 29-30, 2020

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Methanol, LNG, & Scrubbers

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“For shipping companies, the three most viable options to reduce their sulphur exhaust to 0.5% are: switching to ultra-low sulphur fuel oil (ULSFO); fitting an exhaust scrubber (a device that washes the exhaust gasses) or a switch to Liquid Natural Gas (LNG).” –Hellenic Shipping News "If you are conservative and say that ships are spending about $3m (£2.4m) per ship to install scrubbers, at 4,000 ships that's $12bn (£9.7bn) dollars of investment in a technology that enables ships to use the world's dirtiest fossil fuel – heavy fuel oil.” –Business Insider

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SLIDE 15

Gaze Into The Future

  • Offshore Wind
  • Robust Trade
  • Oil and Natural Gas Storage
  • Carbon Dioxide Imports
  • Carbon Dioxide Offshore Storage
  • Methane Hydrates
  • Electrification of other transportation modes
  • Increased global trade with new trade agreements
  • Watch for more Anti-Fracking pressures
  • Threat to continued pipeline construction, and all pipelines.

SHIFTING TRADE ● JANUARY 29-30, 2020

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Concluding Remarks

  • Imports Shrink
  • Exports Expand
  • Chaos Reigns
  • Change has never been more rapid
  • Shipping will attract attention of climate change

concerns

  • All energy transportation to be under attack

SHIFTING TRADE ● JANUARY 29-30, 2020