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Pål Rasmussen, Secretary General of IGU
ARPEL, Uruguay
7 APRIL 2015
Global and Regional Perspective of the Energy Sector
The Perspective of the Gas Industry
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16
IGU Global Membership
> 97 % of the global gas market
www.igu.org
91 Charter members
51 Associate members
IGU membersFounded in 1931
* Status as of end October 2014
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4th IGU-IEF Ministerial Gas Forum
- Promoting
dialogue with
policy makers
- Important
arena for gas
advocacy
Acapulco, Mexico 12 November 2014 co-hosted by Government of Mexico
“The Role of Gas in Energy Security and Sustainable Economic
Development”
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Enhancing the profile of gas worldwide
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World Trends
Source: IGU6
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The world needs energy services:
• Reliable, clean, affordable, safe
The global energy future
Drivers:
• Rising population & middle class
• Economic development and job creation
• Public health: urban air quality
• Environmental concerns
7
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A global energy trilemma
Energy
trilemma
Available
Affordable Clean
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World Trends
Source: IGU9
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10Source: IEA WEO 2014
Fuel shares in world primary energy demand,
IEA WEO New Policies Scenario
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Gas is clean
• Gas as transportation, heating & cooking and power generation
fuel will reduce pollution in big city areas
• Emissions of particles from natural gas are almost negligible
• Good compliment to wind and solar power generators
• The Gas Industry is supporting a well functioning «cost for
carbon» scheme
Source: IPCC and IHS CERA
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Natural gas easy
to turn on and off
Natural gas partnering with renewables
Society needs energy 24 / 7
12
Gas Wind Solar Hydro
Droughts10-25%30-40% 90-100%Capacity
utilisation
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Gas can be used in many sectors
Power
Residential
Industrial
Transport
Commercial
Gas is adaptable
Upstream Midstream
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Gas is available
- and widely distributed
144/13/2015Source: ExxonMobil/IEA
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World trends
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Argentina
Proved Reserves: 0.3 Trillion m³
Production: 35.5 Billion m³
Consumption: 48.0 Billion m³
Bolivia
Proved Reserves: 0.3 Trillion m³
Production: 20.8 Billion m³
Brazil
Proved Reserves: 0.5 Trillion m³
Production: 21.3 Billion m³
Consumption: 37.6 Billion m³
Colombia
Proved Reserves: 0.2 Trillion m³
Production: 12.6 Billion m³
Consumption: 10.7 Billion m³
Peru
Proved Reserves: 0.4 Trillion m³
Production: 12.2 Billion m³
Consumption: 6.6 Billion m³
Trinidad & Tobago
Proved Reserves: 0.4 Trillion m³
Production: 42.8 Billion m³
Consumption: 22.4 Billion m³
Venezuela
Proved Reserves: 5.6 Trillion m³
Production: 28.4 Billion m³
Consumption: 30.5 Billion m³
Source: BP Statistical Review 2014
Chile
Consumption: 4.3 Billion m³
Natural Gas: Proven Reserves and
Production - 2013
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Source: CEDIGAZ
Shale gas production prospects
outside North America (Bcm)
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Gas production to increase
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Gas is affordable
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$/Mbtu HH (Monthly average) $/Mbtu NBP (Monthly average) $/Mbtu Japan import price
Average wholesale gas prices, Japan, UK, US
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Enabling a sustainable energy future
20
Safe &
Sustainable
Future
Technology
& R&D
Policy
& Regulations
Collaboration