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Oil
Oil
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Natural Gas
The coming LNG wave is set to profoundly transform the global gas market
Global gas markets, which have been tight and volatile for several years, are set to undergo major changes by the end of this decade. The unfolding coming wave of liquefied natural gas (LNG) production capacity is set to rebalance the global gas market, enhance energy supply security and improve the affordability of natural gas.
About 300 billion cubic metres (bcm) per year of LNG export capacity – a record – is set to be added by 2030, primarily supported by liquefaction capacity additions in the United States and Qatar…
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Hydrogen
…despite wave of cancellations and persistent challenges
Worldwide hydrogen demand increased to almost 100 million tonnes in 2024, up 2% from 2023 and in line with overall energy demand growth. The vast majority of this was met by hydrogen produced from fossil fuels without measures in place to capture associated emissions. Sectors that have traditionally used hydrogen, such as oil refining and industry, remained the biggest consumers.
The uptake of low-emissions hydrogen is not yet meeting the expectations set by industry and governments in recent years, especially in light of a recent wave of project delays and cancellations. However…
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Coal
Global coal demand to remain on a plateau in 2025 and 2026
Despite unusual trends across several major markets in the first half of 2025, global coal demand is likely to remain broadly unchanged to 2027 as underlying structural drivers of the world’s coal use remain stable.
Global coal demand increased to a new all-time high in 2024 of around 8.8 billion tonnes, up 1.5% from 2023, as rising consumption in China, India, Indonesia and other emerging economies more than offset declines in advanced economies in Europe, North America and northeast Asia. However, several of those…
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Methane Abatement
…action. Around 70% of fossil fuel methane emissions in 2025 came from the top 10 emitting countries. Meanwhile, the methane intensity of oil and gas production varies widely across countries – with the best performers scoring more than 100 times better than the worst.
And with energy security in focus around the world, methane abatement could deliver benefits by putting more gas to productive use. Efforts to cut methane from oil and gas operations globally could deliver nearly 100 billion cubic metres (bcm) of gas to markets each year, while eliminating non-emergency gas flaring could unlock a further 100 bcm.
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Bioenergy
Led by bioenergy, renewable fuels could approach 6% of energy demand from industry, buildings and transport in 2030
By 2030, renewable fuels are set to account for 5.5% of energy consumption from the industry, building and transport sectors. Demand is due to expand in all regions, but it is concentrated in China, Brazil, Europe, India and the United States, which collectively support more than two-thirds of the forecasted growth. All five countries and regions have dedicated support policies for several – and, in some cases, all – renewable fuels. These vary by fuel, sector and country, but they often include…
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Heating
…residential and commercial demand in Europe can be attributed to weather-related factors (reduced space heating needs due to a mild winter), a substantial part was achieved through various gas-saving measures.
The IEA’s Outlooks for gas markets and investment report estimates that gas demand in buildings is expected to decline by 65 bcm in advanced economies from 2021 to 2030 thanks to a swift acceleration of efficiency improvements and widespread adoption of heat pumps.
Global heat pump sales continue double-digit growth
Global sales of heat pumps grew by 11% in 2022, according to the latest IEA analysis…
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Heat Pumps
…consumer choices.
Heat pumps offer a proven solution for decarbonising low- and medium-temperature heating
Heating accounts for almost 20% of energy use in industry and buildings globally, and about one-quarter of energy-sector emissions. China is responsible for nearly 33% of global heat consumption and it is currently the world's largest market for heat pumps for buildings. Electrification through heat pumps can provide a key lever for decarbonising heating, and sales have increased in recent years in China.
This report, prepared in collaboration with Tsinghua University, provides an overview of the status of heat pumps in buildings…
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Biofuels
Country and regional highlights
The United States Inflation Reduction Act makes USD 9.4 billion available for biofuels
Energy
Biofuel demand increased by 6% in 2022, continuing the recent pace of growth
Technology deployment
Biofuel production technology needs to diversify to sustainably take advantage of existing waste and residue feedstocks
Innovation
Technologies that can convert woody feedstocks into biofuels need to be proven at scale in the next few years
Supporting infrastructure
Policy
Investment
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Gas Flaring
CO2 emissions
The volumes of natural gas flared in 2022 were around the same level as in 2010
Technology deployment
Oil producers have a range of readily available options to reduce and avoid flaring, with a number of new technologies also under development
Policy
A number of countries have introduced policies to reduce flaring
Investment
Operators that sell high-flaring assets are often passing on a problem to other operators that may be less willing, or less able, to cut down on flaring