Posted by: Requier Wait | June 24, 2014

iea: World Energy Investment Outlook

The eia’s updated World Energy Investment Outlook considers the issue of energy investment and its influence on the affordability, sustainability and reliability of the global energy system. According to the report, energy investment for 2013 totalled more than $1 600 billion and an additional $ 130 billion was invested in improving energy efficiency. It is projected that running up to 2035, energy supply will need an annual investment of around $2 000 billion. In addition, efficiency improvements will require spending of up to $550 Billion.

In terms of hydrocarbons, the real annual capex on oil, gas and coal has more than doubled since 2000, surpassing $950 billion in 2013. North America has mean the focal point for increased oil and gas investment (think shale gas and tight oil), whilst other regions also experienced an upward trend.

Global investment in Hydrocarbon fuel supply


Upstream cost will experience upward pressure as declining fields necessitate the exploration of more challenging/marginal fields. However, technological improvements tied to learning will help to offset some of these pressures, leading to oil prices that may rise to (in real terms) $128/barrel by 2035. The full report can be accessed here






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