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- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Fuel report
Oct 2025
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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Country
Nigeria
Nigeria is the largest economy and the richest oil resource centre of the African continent. The country also remains the largest gas consumer and producer of West Africa. Notable power sector reforms are underway in Nigeria, including plans for electrification.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Contributor
Daniel Wetzel
Head of Tracking Sustainable Transitions Unit. Daniel Wetzel leads the newly created Tracking Sustainable Transitions unit within the World Energy Outlook, which tracks how policy measures are actually moving the needle on clean energy transitions, energy access, and energy employment. He was one of the lead author’s on the IEA’s Sustainable Recovery report, the IEA’s Sustainable Recovery Tracker, and coordinated IEA’s co-custodianship on Tracking Progress on Sustainable Development Goal 7.1: Universal Access. Daniel also oversees the employment and parts of the demand analysis in the annual World Energy Outlook. Prior to joining the IEA, Daniel worked at the Rocky Mountain Institute in their Beijing office, leading their Power Market Reform program, and also in Colorado, working on regional energy transition plans.