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Global Energy Review 2025 Coal
…reaching a new all-time high. The country now consumes nearly 40% more coal than the rest of the world combined, largely for power generation. Over one-third of all the coal consumed globally is burned by power plants in China. China’s influence in global coal market trends is unparalleled by any country for any type of fuel, with China’s share of global coal consumption now standing at 58%.In 2024, electricity demand in China was very strong, rising by 7% (or over 550 TWh). Despite huge solar PV and wind capacity additions in recent years – as well as…
- Key findings
- Global trends
- Oil
- Natural gas
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Gas Market Report, Q2-2026 Executive summary
…prices supported stronger gas demand across Asian markets, with preliminary data suggesting that consumption increased by 2% y-o-y during the October-February period. In contrast, natural gas consumption fell by nearly 1% in Europe, with increased electricity generation from renewables weighing on gas burn in the power sector. Despite lower natural gas demand, Europe’s LNG imports rose to an all-time high over the 2025/26 winter, solidifying LNG’s position as a structural source of baseload supply in the region amid lower piped gas imports and declining domestic output. The 2025/26 heating season witnessed several…
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What Next for the Global Car Industry Timeline of corporate strategies
This infographic tracks the evolution of corporate strategies for electrification and electric car sales from some of the world’s biggest carmakers and pure-play electric car manufacturers.
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China’s Official Energy Finance in Emerging and Developing Economies Case 5. Silk Road fund commitment in African Infrastructure Investment Fund IV
…companies to date. Key energy-related financing projects include the NOA Group, a renewable energy platform in South Africa focused on renewable generation and storage; the N+One Data Centers in Morocco and Senegal, which are expanding digital infrastructure in lower-carbon electricity and greater renewable energy sourcing; and the acquisition of the Logistics Group (TLG), which operates rail and port assets and is working to cut corridor emissions through improved operational efficiency.Through its participation, the SRF gains exposure to a diversified portfolio of sustainable assets across multiple African markets rather than through single-asset project finance. It has…
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Gas 2025 Executive summary
The coming LNG wave is set to profoundly transform the global gas market Following the supply shock of 2022/23, natural gas markets moved towards a gradual rebalancing in 2024 and 2025. During this period, supply fundamentals remained tight and prices stayed well above their historic levels. This limited demand growth, especially in price-sensitive Asian markets.Around 300 billion cubic metres per year of new liquefied natural gas (LNG) export capacity is expected to be added worldwide by 2030, primarily supported by liquefaction capacity expansions in the United States and Qatar. This wave of new LNG production capacity is…
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Gas Market Lessons from the 2022-2023 Energy Crisis Conclusion and lessons learned
Market environment is structurally and geopolitically more fragile One of the primary and most fundamental consequences of the energy crisis is the shift into a structurally more fragile natural gas market environment, compounded by geopolitical uncertainty. The drastic reduction in Russian pipeline flows to Europe also represented a loss of traded gas volumes in the global market. Concurrently, this drove an equally significant reduction in the availability of swing production capacity that had previously provided a degree of price-responsive supply modulation to both the European and global markets. In turn, this led to an increased reliance on LNG trade…
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Renewables in District Energy Regional trends in district heating
Regional trends in district heating
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Gas Market Report, Q3-2026 Executive summary
Global natural gas demand is expected to decline in 2026 amid tighter supply fundamentals The Middle East crisis has dealt a major supply shock to global natural gas markets. The gradual easing in market balances that had been underway since the second half of 2025 was significantly disrupted by the de facto closure of the Strait of Hormuz following the outbreak of the war in the Middle East at the end of February 2026. The disruption of liquefied natural gas (LNG) flows through the Strait – which had accounted for almost 20% of global LNG supply – resulted in strong price volatility…
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Coal Mid-Year Update 2025 Prices
…By year-end, Australian low-volatile coking coal (FOB) had declined to below USD 200 per tonne. Thermal coal benchmarks also fell: Newcastle 6 000 kcal/kg FOB went down to USD 125 per tonne, while Indonesian 4 200 kcal/kg FOB hovered around USD 50 per tonne.In Spring 2025, coal markets exhibited greater stability, with more muted movements compared to the volatility of previous years. Thermal coal prices declined due to ongoing stock surpluses in China and India and falling demand in Europe. However, first-quarter 2025 European demand exceeded expectations as coal offset low wind and hydro power generation. The metallurgical coal…
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China’s Official Energy Finance in Emerging and Developing Economies Case 1. Uzbekistan 1-GW Solar PV Project
…produced from fossil fuels, mainly in the form of natural gas, while solar and wind together accounted for less than 1%, and renewables more broadly reached only about 10%, almost all of which came from hydropower. At the same time, electricity demand is rising, natural gas supplies are tightening, and the country faces seasonal shortages.Energy China (CEEC), the developer of this project, is one of the world’s largest energy engineering groups. Historically known for large thermal and hydropower EPC projects, the company has, over the past decade, shifted towards an integrated “EPC + own + operate” model, particularly for renewables…