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Russian supplies to global energy markets
Assessing the impacts of Russia's invasion of Ukraine on global oil and natural gas markets and energy security As a major producer and exporter of both oil and natural gas, Russia has a significant role in global energy markets. Russia's invasion of Ukraine on 24 February 2022 has potentially serious implications for international energy security. For this reason, the IEA is providing factual and up-to-date information on Russia's oil and natural gas supplies.
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Energy Policies Beyond IEA Countries: Russia 2014
Russia’s energy sector plays an essential role for the Russian economy, its energy security and global hydrocarbon supplies. Russia holds among the world’s largest resources of gas, oil and coal. Its liquids production has reached historical highs, yet major additional upstream investments and technology upgrades will be needed to sustain these levels in the long term. Its gas production is also at high levels, with Gazprom being the dominant producer, and with other companies now taking significant roles. Since the last IEA review of Russia’s energy policies in 2002, the power sector has also liberalised considerably. The…
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Energy Policies of IEA Countries: Canada 2009
Energy Policy Review Energy Policies of IEA Countries: Canada 2009 Canada, with its diverse and balanced portfolio of energy resources, is one of the largest producers and exporters of energy among IEA member countries. The energy sector plays an increasingly important role for the Canadian economy and for global energy security, as its abundant resource base has the potential to deliver even greater volumes of energy.
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National Reliance on Russian Fossil Fuel Imports
How do countries rely on and consume Russian energy? Russia was the world’s largest fossil fuels exporter in 2021, and global energy markets have been thrown into turmoil by the country’s invasion of Ukraine, with major energy security and supply risks worldwide.The data visualisations included in this report lay out the reliance of various countries on Russian energy imports and how Russian oil, gas and coal imports are being used in different countries to power manufacturing, transportation, residences, and other services and sectors. In doing so, the report highlights which nations and sectors may be most vulnerable…
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A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas
…of the solution, but even very rapid deployment will take time to make a major dent in demand for imported gas. The faster EU policy makers seek to move away from Russian gas supplies, the greater the potential implications in terms of economic costs and/or near-term emissions. Circumstances also vary widely across the EU, depending on geography and supply arrangements.Reducing reliance on Russian gas will not be simple, requiring a concerted and sustained policy effort across multiple sectors, alongside strong international dialogue on energy markets and security. There are multiple links between Europe’s policy choices and...
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Oil Market Report - March 2022
…positions due to extreme volatility. At a crossroads Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices surge to new heights. While it is still too early to know how events will unfold, the crisis may result in lasting changes to energy markets.The implications of a potential loss of Russian oil exports to global markets cannot be understated. Russia is the world’s largest oil exporter, shipping 8 mb/d…
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Oil and Gas Emergency Policy: Canada 2010 update
Oil and Gas Emergency Policy: Canada 2010 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provides an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of the…
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Canada Electricity Security Policy
Country Energy Security Policy - Electricity Electricity overview and generation portfolio Most of Canada’s electricity systems are part of the integrated North American market, with 98% of Canadians connected to the continent’s bulk power system. Electricity is regularly traded in both directions between Canada and the United States (‘US’ hereafter) (with Canada a net exporter to the US overall). This robust interconnectivity with 37 north-south cross-border transmission lines adds to the east-west tie lines across provincial borders, and allows for a high degree of reliability and resilience to seasonal or unplanned changes in supply and demand…
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Canada Natural Gas Security Policy
Country Energy Security Policy - Natural Gas Natural gas overview Canada’s policy for emergency gas response, similar to that for oil, reflects its role as a major producer and net exporter, with vast volumes of gas supplies in a well-integrated market with extensive pipeline networks both within Canada and across the border with the United States. In this context, Canada’s gas emergency policy is generally geared towards short-term regional or local disruptions rather than a more widespread or long-lasting supply outage. The gas industry itself has the primary responsibility for ensuring security of supply and responding…
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Canada Oil Security Policy
Country Energy Security Policy - Oil Oil overview Canada’s oil emergency response policy reflects its role as a major net exporter of oil. As such, Canada does not have an IEA stockholding obligation, does not hold any public emergency oil stocks, nor does it impose stockholding obligations on industry. With a robust oil industry and supply infrastructure, Canada’s emergency policy relies primarily on a well-functioning market to ensure supply security, while at the same time reflecting the jurisdictional authority of provinces and territories over energy resources. In an IEA collective action, Canada would likely contribute with demand restraint…