U.S. Energy Dominance or Divergence? (Challenges for Europe and - - PowerPoint PPT Presentation

16th IAEE European Conference Ljubljana 26 August 2019

U.S. Energy Dominance or Divergence?

(Challenges for Europe and other major importers)

Edward C. Chow Senior Associate

U.S. becomes a net energy exporter after 2020

2 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

• 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 Source: U.S. Energy Information Administration, Annual Energy Outlook 2019

U.S. becomes a net oil exporter?

3 Source: U.S. Energy Information Administration, Annual Energy Outlook 2019

U.S. is net gas exporter and becoming major LNG exporter

4 Source: U.S. Energy Information Administration, Annual Energy Outlook 2019

Source: IEA WEO