Natural Gas Outlook To 2020

Seminar paper from the year 2022 in the subject Business economics - Supply, Production, Logistics, grade: 1,2, University of Applied Sciences Saarbrücken, course: International Supply Management, language: English, abstract: The aim of this paper is to analyse the supply market for natural gas as well as to describe factors that have an influence on the price of natural gas. A forecast of the price trend of natural gas in the upcoming months and a forecast for May 2022 will also be given in this paper. Natural gas is a naturally occurring gas mixture that is formed deep beneath the earth’s surface and is primarily composed of methane. Alongside crude oil and coal, natural gas is one of the most important fossil fuels in the world. In fact, according to the International Energy Agency, natural gas is the third most important primary energy source in the world energy market with a share of 24 % of the world energy supply in 2020. Natural gas consumption is expected to stay high in 2030 and 2050 with an expected share of 23 %. Compared to other fossil fuels, natural gas has the lowest CO2 emissions and is an important energy source for households and industries. It is used for heating, electricity, or as a fuel for vehicles.

Presents midterm forecasts of energy supply, demand, and prices through 2020 prepared by the Energy Information Admin. (EIA). The projections are based on results from EIA's National Energy Modeling System. Discusses evolving legislative and regulatory issues. Also discusses macroeconomic projections, world oil and natural gas markets, oxygenates in gasoline, distributed electricity generation, electricity industry restructuring, and carbon dioxide emissions. Also analyzes energy market trends. The analysis in this report focuses primarily on a reference case and four other cases that assume higher and lower economic growth and higher and lower world oil prices than in the reference case. Tables.

The Turkey Energy Outlook (TEO) proposes energy policies to further improve energy security, increase use of domestic energy resources, advance energy efficiency, build clean energy infrastructure, develop a more competitive energy market with cost-reflective energy pricing and also to support all necessary steps towards achieving a sustainable energy system in Turkey. The main themes include increased energy efficiency, higher use of renewable energy, improving electricity and natural gas markets, building Turkey’s first nuclear power plants, increased energy technology R&D and continuing and expanding the recent efforts to discover and produce more natural gas and oil. Turkey’s per capita energy and electricity consumption are less than half of the OECD average. As a country that is still developing, compared to Turkey’s OECD peers, the growth of energy services per capita will be much higher. This is necessary to accommodate increasing incomes, population growth, industrialization, urbanization, increased mobility and wider access to modern energy services. The Turkey Energy Outlook (TEO) provides an independent assessment of changing technological opportunities and policy priorities to secure an efficient, competitive and sustainable energy future. Two TEO Scenarios quantify the consequences of two different policy pathways out to 2040.

Presents midterm forecasts of of energy supply, demand, and prices through 2020. Includes: legislation and regulations (electricity deregulation, various standards, and new Acts), issues in focus (electricity pricing, stimulating renewables, carbon emissions), market trends (energy demand, electricity, oil and natural gas, coal, emissions), forecast comparisons, list of acronyms. Key issues for the forecast extension to 2020 are: trends in energy efficiency improvements, effects of increasing production and productivity improvements on energy prices, and reduction in nuclear generating capacity. More than 125 tables and figures.