New IEA Oil and Gas Publication Launched in Paris

Falcon is a global energy company with projects in Hungary, Australia & South Africa

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solyomtwo

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New IEA Oil and Gas Publication Launched in Paris

posted on Jun 23, 2010 11:02AM

23 June 2010

IEA Executive Director Nobuo Tanaka emphasised that the outlook for oil and natural gas markets remained uncertain, but emphasised that both share the need for more investment, improved energy efficiency and better data when he presented the new combined publication, Medium-Term Oil and Gas Markets 2010 in Paris. For the first time, the IEA presented the medium-term oil and gas market analyses jointly. This new combined report highlights some similarities between the markets, but also an important disparity. The breadth and quality of oil data for example have continued to improve in transparency, global coverage and timeliness, though there is still much to be done for non-OECD market coverage. The report presents two oil demand cases for the next five years, based on different rates of GDP growth. The gas section looks at the impact of rising unconventional production and LNG on future supplies, among other trends.