Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-06-04 18:40:00

IEA: EUROPE MUST INVEST

IEA: EUROPE MUST INVEST

A top energy watchdog has warned that Europe could face an energy shortfall if power companies and oil producers failed to respond to rising demand.

In its first full update on the industry's investment needs in more than a decade, the International Energy Agency said Tuesday that investment in European electricity generation was being thwarted by insufficient prices, while in the Middle East social spending was limiting investment in oil fields.

"In Europe, we are facing the risk of seeing the lights going off," Fatih Birol, the IEA's chief economist, said at a news conference on the report's findings.

The agency, which represents energy consumers in industrialized nations, said $2.2 trillion in investment was needed through 2035 to replace Europe's aging electricity infrastructure and meet regulatory goals to reduce carbon emissions.

"We don't see the appetite in many utilities to invest" as they struggle to make a profit under current regulations, Mr. Birol said.

The watchdog said reforms were needed, including a 23% rise in wholesale prices, for Europe to make the investment required to boost output to meet demand.

The IEA said more than 80% of the investment needed to develop oil and gas fields—worth more than $850 billion annually by 2035—would instead be spent on maintaining existing production.

Despite the current boom in U.S. oil production, most long-term increases in output will come from the Middle East, the agency said. To meet expected demand, the region's production would have to rise by 6 million barrels a day in the next 20 years, the IEA said.

wsj.com

Tags: EUROPE, OIL, IEA

Chronicle:

IEA: EUROPE MUST INVEST
2018, July, 23, 13:25:00

GLOBAL ENERGY INVESTMENT DOWN 2%

IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.

IEA: EUROPE MUST INVEST
2018, July, 23, 13:25:00

U.S. OIL PRODUCTION + 143 TBD, GAS PRODUCTION + 1,066 MCFD

EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .

IEA: EUROPE MUST INVEST
2018, July, 23, 13:20:00

U.S. INDUSTRIAL PRODUCTION UP 0.6%

U.S. FRB - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June.

IEA: EUROPE MUST INVEST
2018, July, 23, 13:15:00

U.S. INVESTMENT $69.9 BLN

U.S. DT - The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $11.1 billion.

All Publications »