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Gas Market Lessons from the 2022-2023 Energy Crisis Impact analysis of the two largest LNG import regions
Europe BackgroundNatural gas is a central element in Europe’s energy landscape, accounting for about one-quarter of primary energy supply and playing a role across virtually all demand sectors. In the run-up to the crisis, the European continent could count on a multitude of gas supply sources: domestic production, pipeline imports and LNG imports. This diversity of sources fostered gas-on-gas competition and a growing reliance on spot-traded supply, notably in LNG. From 2015 to 2021, the share of short-term and spot-traded LNG imports grew from 10% to about 40% – a share that kept…
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Energy and AI Understanding the energy-AI nexus
Artificial intelligence (AI) has a long history, dating back to at least the 1950s. Over time, it has seen a series of alternating periods of optimism and pessimism (so-called “AI winters”). In recent years, however, AI has been dramatically boosted by several developments and breakthroughs in techniques, costs and technology that have led to the rise of AI in its modern form that we are familiar with today, in particular generative AI. These developments include the massive increase in computing power and decline in cost due to exponential improvements in computing hardware performance; the exponential increase in the availability…
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Gas Market Report, Q3-2025 Executive summary
Following a slowdown in 2025, global gas demand growth is forecast to accelerate in 2026 Global natural gas demand returned to structural growth in 2024 and continued to expand in the first half of 2025, albeit at a markedly slower pace. Growth was primarily concentrated in Europe and North America, with adverse weather leading to stronger gas use in the buildings and power sectors. In contrast, gas demand was subdued in Asia, with both China and India recording demand declines in the first half of 2025. Market fundamentals remained tight in the first half of 2025 due to a combination…
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Ten Years Development Plan: A Pathway to Prosperity (2021–2030)
The Ten Years Development Plan (2021-2030) serves as the national roadmap to make Ethiopia an "African Beacon of Prosperity" by 2030. A pillar of the plan is Economic Productivity and Competitiveness, which prioritises the "Manufacturing Industry Development" to shift the economy from low-productivity agriculture to high-productivity industry. The strategy aims to increase the manufacturing sector’s share of GDP from 6.9% in 2019/20 to 17.2% by 2030.To support this industrialisation, the plan outlines large investments in energy. The government has set the following key targets and investment goals:Financial Allocation: The plan projects…
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Export control on Lithium ore in Zimbabwe
As part of the policy to favour local processing, Zimbabwe was the first African country to issue a prohibition of exports of lithium bearing ore or unbeneficiated lithium in December 2022 through the Base Minerals Export Control (Unbeneficiated Lithium Bearing Ores) Order, 2022. The export may be conducted only under a written permit granted by the Minister. Later, on 10 June 2025, the Minister of Mines and Mining Development, Winston Chitando announced during a media briefing a ban of on lithium concentrates as of 1 January 2027. Therefore, starting on that date only lithium sulphates and higher products will be…
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Export Credit Insurance Corporation support to energy sector exporters
Created in 2001, the Credit Insurance Corporation (ECIC) provides export credit and investment insurance to South African exporters. The power industry is among the most supported sector in this regard, as the ECIC dedicates a large part of its export credit and investment insurance to projects related to gas power plants, gas turbine power generation plants, and supply and installation of electrical material.
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Outlook for Biogas and Biomethane Biogas and biomethane outlook to 2050
The landscape for biogases is very different now compared to our last Outlook in 2020, with total demand 32% higher in 2040 in the STEPS than in the New Policies Scenario at the time. Whereas natural gas prices in 2020 were at record lows, the Russian invasion of Ukraine in 2022 triggered interest in developing biomethane to substitute imported natural gas. The revised figure is driven in part by strengthened policy incentives, notably in Europe and China. There is a strong continued use case for biogases in the Outlook scenarios. Electricity's share in total final consumption increases from 20…
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Global Energy Review 2026 Oil
Oil demand growth remained subdued in 2025 Oil demand increased in 2025 by 0.65 mb/d (million barrels per day) or 1.2 EJ, but this 0.7% rise marked a further slowdown from 2024’s already-muted 0.75 mb/d of growth. The increase in both years was in line with IEA projections. The 2025 increase fell well short of the 2010-19 average annual rise of 1.4 mb/d, offering further evidence of a structural deceleration in oil markets.This slowdown mainly reflected weaker growth in petrochemical feedstock use. Demand for naphtha, liquefied petroleum gas…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Global EV Outlook 2025 Trends in electric car markets
Electric car sales Global electric car sales exceeded 17 million in 2024 More than 20% of new cars sold worldwide were electricElectric car sales topped 17 million worldwide in 2024, rising by more than 25%. Just the additional 3.5 million cars sold in 2024 compared to 2023 outnumber total electric car sales in the whole of 2020. China maintained its lead among major markets, with electric car sales exceeding 11 million – more than were sold worldwide just 2 years earlier. Global sales were slightly tempered by stagnating growth in Europe, as subsidies were phased out or reduced in several major markets, and…
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IEA hosts high-level energy dialogue with Türkiye and Australia
Amid major energy crisis, participants from some 50 governments discussed energy security, electrification, clean cooking in Africa and more ahead of COP31 summit The Presidency of COP31 today named the International Energy Agency (IEA) as a strategic partner of the international climate conference that will take place in Antalya, Türkiye, in November. The partnership was announced by COP31 President-Designate Murat Kurum and IEA Executive Director Fatih Birol at the opening of a jointly hosted High-Level Energy Transition Dialogue at the IEA’s headquarters in Paris.The High-Level Dialogue convened ministers, ambassadors and other senior officials of governments representing…
