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Energy crisis threatens world’s most vulnerable as cooking fuel shortages grow
The Energy Crisis hits the Homefront: A growing shortage of cooking fuels The Middle East crisis has highlighted the energy security risks for a fundamental need: the ability to cook a meal The conflict in the Middle East has triggered a global energy crisis of unprecedented magnitude. The daily volumes of oil lost to global markets in March 2026 surpassed the peak supply losses of the two major oil shocks of the 1970s combined.Previous energy crises affected economies and societies in profound ways, often forcing households to ration fuel for their cars and heating for their homes. The 2026…
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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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Iraq
Iraq holds abundant oil and gas resources and has strong solar PV potential. Its production to 2030 is set to be third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country’s total system capacity.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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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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Sheltering From Oil Shocks
…history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.In this report, the IEA details 10 demand-side options open to households, businesses and governments to shelter themselves from today’s oil shock and relieve…
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How governments can best support consumers during this energy crisis
…shock to global energy markets, with the effective closure of the Strait of Hormuz triggering the largest supply disruption in the history of oil markets and significantly impacting supplies of natural gas and a range of energy-related commodities.As concerns over supply security have grown, prices have risen across several parts of the energy system, increasing pressure on household budgets, public finances and economic activity more broadly. In response, many governments have announced emergency measures to protect consumers from higher energy costs. The IEA has supported these efforts by launching its largest-ever release of emergency oil stocks, publishing a menu…
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Mexico
Mexico’s energy and economic profile presents both challenges and opportunities as a major oil producer, exporter and through its growing domestic energy demand. Mexico was the first large oil producing emerging economy to adopt climate legislation in 2012 and has seen growth in renewable electricity generation from wind and solar, which almost tripled from 2015 to 2022. However, strong action is needed across all sectors to reduce reliance on fossil fuels and bring down greenhouse gas emissions.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Mauritius
The energy mix in Mauritius is dominated by coal and oil. Almost 10% of the country's final energy consumption is generated by modern renewable sources of energy – a share that has gradually decreased for the past 20 years.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Designing an effective strategic stockpiling system for critical minerals
…their impact. Strategic stocks are an insurance policy against short-term disruptions Strategic stocks – held specifically for emergency purposes with the involvement of the government – have demonstrated effectiveness across various sectors. A notable example is the oil market, where stockpiles have played an important role in mitigating severe economic impacts for decades. After the oil shock of 1973, IEA member governments established a mechanism to build up and pool emergency oil stocks to protect them from being held to ransom via oil supplies in the future. Since then, the IEA has coordinated five collective responses to major oil supply di...
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Qatar
Qatar is a major producer and exporter of natural gas, oil and oil products. Its domestic oil and gas productions entirely cover the country’s energy needs.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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