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Oil Market Report - March 2017
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Having expanded by 1.6 mb/d in 2016, global oil product demand growth is expected to ease back to 1.4 mb/d in 2017. Early indicators of 1Q17 demand support this, with slowdowns seen in January in Japan, Germany, Korea and India.Global oil supplies rose 260 kb…
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Oil Market Report - February 2019
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Our global demand estimate for 2018 is unchanged. Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d. China (0.44 mb/d), India (0.21 mb/d) and the US (0.54 mb/d) contributed 1.19 mb/d…
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Reforming Korea's Electricity Market for Net Zero
…the emissions implications of the plans laid out in Korea’s 9th Basic Plan for Long-Term Electricity Supply and Demand and the Carbon Neutral Strategy published in 2021. The analysis includes a scenario elaborated by the IEA, based on the World Energy Outlook's Announced Pledges Scenario for 2035, to analyse potential for further market improvements.This analysis covers market improvements in areas such as carbon pricing, market price enhancements that better reward low-emissions technologies and security of supply, and market access reforms to ensure the participation of a wider range of new technologies and distributed energy resources.
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Natural Gas Supply Security in Korea
Insights from the 2022 Gas Supply Shock This report was commissioned by the Korea Energy Economics Institute (KEEI) and carried out jointly by the International Energy Agency (IEA) and the KEEI. The objective of the study was to provide high-level policy recommendations on natural gas security of supply in Korea, particularly within the context of the global gas supply shock that emerged in 2022. The report covers an analysis of the natural gas supply shock in question, a detailed review of the Korean natural gas market and recommendations applicable to the Korean market.
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Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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Energy Policies of IEA Countries: Republic of Korea 2002
Energy Policy Review Energy Policies of IEA Countries: Republic of Korea 2002 The International Energy Agency's 2002 comprehensive review of Korea's energy policies and programmes. This report comes at a time when Korea has become the 26th Member of the IEA and when the country’s energy policies are being substantially reformed, to mobilise investments and increase efficiency.
The report brings information on all energy sectors (oil, gas, coal, nuclear, electricity, renewables) showing what role different energy sources could play in the context of a heavily dependency on external sources of energy.
The report analyses the effect of… -
Korea Electricity Security Review
…looks into how flexibility needs may evolve in Korea’s power system and suggests technical options to satisfy these requirements making use of flexible generation, storage, demand-side flexibility and grids. The report then looks at key aspects of operational security and long-term planning, both recognising current progress in terms of grid and market code updates as well as suggesting improvements to the long-term planning process, through for example integrated resource planning.
The report suggests market design improvements that can be implemented within the current framework, considering price formation mechanisms and integration with the existing emissions trading scheme… -
Energy Policies of IEA Countries: The Republic of Korea 2006
Energy Policy Review Energy Policies of IEA Countries: The Republic of Korea 2006 The great strides that the Republic of Korea has made over the last three decades are not confined to its economy. Its energy industry has similarly leapt forward in terms of infrastructure and security. Though it has no links to nearby countries that would allow it to rely on electricity imports or piped natural gas, the country has rapidly electrified, built a diverse portfolio of electricity supply, developed a robust nuclear energy industry and become one of the pioneers in the liquefied natural gas trade. As the…
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Korea 2020
…were 709 Mt CO2-eq.Reaching these ambitious targets will require Korea to substantially enhance decarbonisation efforts across all energy sectors, address regulatory and institutional barriers, introduce flexible market designs, and make use of the country’s advanced technologies and innovative capacity. The government’s announcement of a Green New Deal in July 2020 as part of its post Covid‑19 recovery package is a significant step towards accelerating Korea’s energy transition. Korea’s energy transition and the Green New Deal In its 3rd Energy Master Plan (EMP), the government has confirmed its intention to gradually phase-out nuclear power generation…
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Energy Policies of IEA Countries: Spain 2005
Energy Policy Review Energy Policies of IEA Countries: Spain 2005 This International Energy Agency review of energy policies and programmes systematically examines Spain's general energy policy including energy policy as it relates to the environment, energy demand, and energy end-use efficiency as well as energy policy concerning oil, coal, natural gas, renewables, electricity, and nuclear power. It also reviews research and development activities and presents key statistics. It finds that meeting its Kyoto target will be a major challenge for Spain, and makes a series of recommendations on that and other issues including gas storage and electricity interconnections…