International Energy Outlook 2008 with Projections to 2030 Justine Barden U.S. Energy Information Administration 3rd Energy Forum Budapest, Hungary October 27, 2008
International Energy Outlook 2008 - Summary Worldwide marketed energy consumption is projected to grow by 50% between 2005 and 2030. The non-OECD countries grow by 85%. World oil prices remain relatively high through 2030. Prices…
World Marketed Energy Use: OECD and Non-OECD 450 History Projections 409 400 350 Non-OECD Quadrillion Btu 286 300 241 250 OECD 200 221 150 100 50 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 Source: EIA,…
Average Annual GDP and Population Growth for Selected Regions, 2005-2030 7.5 6.5 GDP Population Percent per Year 5.5 4.5 3.5 2.5 1.5 0.5 -0.5 ca st ia ia es ia a n a e n pa re p…
World Oil Prices in the IEO 2008 Reference Case 140 Average WTI price for June 2008 113 120 Nominal dollars per Barrel 100 80 60 Average WTI price for May 2007 40 20 History Projections 0 1980 1990 2000 2010 2020…
World Marketed Energy Use by Fuel Type 250 History Projections 33% Liquids 29% 200 37% Quadrillion Btu Natural Gas Coal 24% 150 27% Share of World 100 Total 23% Renewables 8% 50 8% 6% Nuclear 6% 0 1990 1995 2000…
World Proved Oil Reserves and Projected Total Liquids Consumption from 2005 through 2030 (billion barrels) OECD Europe Non-OECD Europe/Eurasia 13 150 100 57 Reserves Consumption North America Reserves Consumption 211 250 Middle…
World Liquids Consumption by Region Percent Change 2005-2030 2030 2005 North America 25 11% 28 Non-OECD Asia 15 31 102% OECD Europe 16 16 3% OECD Asia 9 9 7% C/S America 6 42% 8 Middle East 6 10 62% Non-OECD…
Motor Vehicle Ownership by Selected Region 350 300 2005 2030 250 Million Vehicles 200 150 100 50 0 United OECD Japan Canada South Russia China India Brazil States Europe Korea Source: EIA, IEO2008
World Liquids Production, 1990-2030 120 113 Million Barrels Oil Equivalent per Day Total 100 84 80 Non-OPEC (Conventional) 60 55 47 48 40 35 20 OPEC (Conventional) Unconventional 10 2 0 1990 1995 2000 2005 2010…
Liquids Production in Select Non-OPEC Regions, 2005 and 2030 16 Million BarrelsOil Equivalent per Day 14 13.5 2005 12 2030 9.8 9.5 10 8.2 8.2 8 6 5.3 5.1 4.5 3.8 4 3.1 2.6 2.1 2 0 United Canada Russia Caspian…
OPEC Conventional Liquids Production Million Barrels Oil Equivalent per Day 35 31.5 30 2005 25 23.8 2030 20 15 10 5.8 6.7 5 3.8 3.9 2.7 2.9 1.1 0.9 0 Asia Persian North West South Gulf Africa Africa America Source:…
Worldwide Unconventional Liquids Production, 2005 and 2030 4.5 Million Barrels Oil Equivalent per Day 4.2 4 2005 2030 3.5 3 2.7 2.5 2 1.5 1.3 1.1 1.0 1 0.6 0.5 0.5 0.3 0.1 0.0 0.0 0.0 0 Oil Sands Ultra Gas to…
Nominal World Oil Prices in Three Price Cases 200 Reference Case 186 180 Low Price Case High Price Case 160 Nominal Dollars per Barrel 140 120 113 100 80 69 60 40 20 History Projections 0 1980 1990 2000 2010…
World Liquids Consumption in Three Price Cases, 2005 and 2030 150 Million Barrels Oil Equivalent per Day 122 120 113 99 90 84 60 30 0 2005 Low Price Reference High Price Case Case Case 2030 Source: EIA, IEO2008
World Liquids Consumption in Three Price Cases, 2030 Million Barrels Oil Equivalent per Day 60 57.6 53.3 48.5 Low Price Reference Case 40 High Price 24.6 22.3 22.3 20.6 19.6 20 16.3 10.0 9.5 8.7 7.6 6.9 6.2 0 OECD…
World Liquids Supply in Three Price Cases, 2005 and 2030 150 Million Barrels Oil Equivalent per Day 120 5.0 Unconventional 9.7 90 58.4 19.0 2.5 Non-OPEC Conventional 55.1 60 46.5 47.5 30 OPEC 58.6 47.7 35.4…
World Proved Natural Gas Reserves and Projected Total Gas Consumption from 2005 through 2030 (trillion cubic feet) Non-OECD Europe/Eurasia OECD Europe 2020 772 610 North America 167 781 Reserves Consumption Reserves Consumption…
Figure 39. Natural Gas Consumption in Europe and Eurasia, 2005-2030 30 OECD Europe Russia Other Europe & Eurasia 25 Trillion Cubic Feet 20 15 10 5 0 2005 2010 2015 2020 2025 2030 Source: EIA, IEO2008
Natural Gas Production in Select Regions, 2005 and 2030 35 33.0 30 2005 2030 Trillion Cubic Feet 25 22.7 22.6 22.5 20.8 19.5 20 18.4 15.8 15 11.2 10.0 10 6.1 6.6 5 0 United States Other OECD Russia Middle East…
Russian Natural Gas Production, 36 1995-2030 Gazprom projections 34 IEO2008 32 Trillion Cubic Feet 30 28 26 24 22 20 1995 2000 2005 2010 2015 2020 2025 2030 Sources: EIA, IEO2008 and World Gas Intelligence, October…
Technically Recoverable U.S. Natural Gas Resources as of January 1, 2006 (trillion cubic feet) Proved 204 Inferred nonassociated 171 56 227 Offshore Undiscovered nonassociated Onshore 115 158 273 Offshore Onshore Unconventional…
U.S. Natural Gas Production by Source, 1990-2030 (trillion cubic feet) 10 History Projections Lower 48 Non-Associated Unconventional 8 6 Lower 48 Non-Associated Conventional Onshore Lower 48 Non-Associated Offshore 4 Lower…
Unconventional Natural Gas Resources (Gas in Place) Coalbed Region Methane Shale Gas Tight-Sand Gas Total Tcf Tcf Tcf Tcf North America 3017 3840 1370 8228 Latin America 39 2116 1293 3448 Western Europe 157 509 353 1019 Central and…
World Coal Consumption, 1980-2030 120 100 China 80 Quadrillion Btu 60 Rest of World 40 United States 20 India 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 Source: EIA, IEO2008
World Electric Power Generation by Region 25 History Projections 20 19.7 Non-OECD Trllion Kilowatthours 15 13.5 9.9 OECD 10 5 7.5 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 Source: EIA,…
World Electric Power Generation by Fuel 35 Coal Natural Gas 30 Renewables Trillion Kilowatthours Nuclear 25 Liquids 20 15 10 5 0 2005 2010 2015 2020 2025 2030 Source: EIA, IEO2008
Nuclear Capacity by Region 114 North America 134 133 OECD Europe 118 64 OECD Asia 88 15 Non-OECD Asia 83 2005 2030 Non-OECD 43 Europe/Eurasia 66 5 Other Non-OECD 8 0 50 100 150 Gigawatts Source: EIA, IEO2008
Major Trends in the IEO2008 Outlook Total world energy use is 50% higher in 2030 compared to 2005. Sustained high world oil prices dampens demand in the out years of the projections; liquids demand is 4% lower in 2030 than in last…
Periodic Reports International Energy Outlook 2008, June 2008 Annual Energy Outlook 2008, March 2008, full report, June 2008 Short-Term Energy Outlook, monthly Petroleum Status and Natural Gas Storage Reports, weekly Examples of…