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Ari Aziz, Director of Operations at Cheniere Energy Inc., represents a photo at the company's liquefied natural gas (LNG) export terminal under construction in Corpus Christi, Texas, United States, on Wednesday, October 3 2018. On Wednesday, Cheniere Energy declared to start producing liquefied natural gas for the first time at the Corpus Christi plant. It plans to fill the tank with 43 million liters of over-cooled LNG that should be shipped to energy-hungry countries such as China – an optimistic prospect unless trade tensions escalate between the two largest economies in the world.© 2018 Bloomberg Finance LP
This month, the Energy Information Administration released its & nbsp;2019 Annual Energy Outlook (AEO) with projections until 2050. & nbsp; & nbsp; The objective of the OAS is to provide long-term energy forecasts for the United States, based on a baseline scenario and six parallel scenarios that vary from important badumptions. underlying.
The projection of the reference case is the reference case. This badumes that known technologies continue to improve according to recent trends. The economic and demographic trends used reflect current views of leading forecasters.
Two of the most important cases are cases of high and low oil prices, which represent conditions that could collectively drive prices to extremes.
The main points to remember from the AEO2019 are:
- The United States becomes a net exporter of energy in 2020 and remains so for 2050 & nbsp; due to the significant increase in production of crude oil, natural gas and liquids from natural gas power plants and slower growth in US energy consumption.
- Among fossil fuels, natural gas and NGPL have the fastest rates of production growth
- Natural gas prices remained relatively low until 2050, which resulted in an increase in domestic use and an increase in & nbsp;exports of liquefied natural gas (LNG)
- The energy sector continues to move from coal and nuclear power plants to natural gas electricity production & nbsp; and & nbsp;intermittent renewable energy
- US economy continues to grow, but increased energy efficiency keeps US energy consumption relatively stable
US oil production continues to increase in all cases until about 2025, but in five of the six cases it begins to flatten or diminish before 2030:
Projected oil production until 2050.EIA
Natural gas production is expected to increase substantially in almost all cases:
Natural gas production and demand will continue to grow.EIA
The biggest change in natural gas trade is expected to be a surge in LNG exports:
LNG exports will boost trade in natural gas.EIA
Coal and nuclear energy are decreasing in all scenarios, while new capacity added is dominated by natural gas and renewable energy (mainly solar energy). The share of solar energy in renewables is expected to increase from 13% in 2018 to 48% in 2050:
Additions and withdrawals of electrical capacity.EIA
conclusions
Most recent annual energy outlook for models & nbsp; EIA & projections of future energy projections according to several scenarios. & Nbsp; The United States is expected to become a major net energy exporter over the projection period, as the American shale revolution continues to produce larger volumes of oil and natural gas. The electricity sector continues the trend of recent years to phase out coal for natural gas and renewable energy.
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Ari Aziz, Director of Operations at Cheniere Energy Inc., represents a photo at the company's liquefied natural gas (LNG) export terminal under construction in Corpus Christi, Texas, United States, on Wednesday, October 3 2018. On Wednesday, Cheniere Energy declared to start producing liquefied natural gas for the first time at the Corpus Christi plant. It plans to fill the tank with 43 million liters of over-cooled LNG that should be shipped to energy-hungry countries such as China – an optimistic prospect unless trade tensions escalate between the two largest economies in the world.© 2018 Bloomberg Finance LP
This month, the Energy Information Administration released its 2019 Annual Energy Outlook (AEO) with projections until 2050. The goal of the OAS is to provide long-term energy projections for the United States, based on a baseline case and six parallel cases, which vary significantly. underlying badumptions.
The projection of the reference case is the reference case. This badumes that known technologies continue to improve according to recent trends. The economic and demographic trends used reflect current views of leading forecasters.
Two of the most important cases are cases of high and low oil prices, which represent conditions that could collectively drive prices to extremes.
The main points to remember from the AEO2019 are:
- The United States becomes a net exporter of energy in 2020 and remains so until 2050 due to strong growth in production of crude oil, natural gas and natural gas liquids (NGPL) and slowdown of growth in energy consumption in the United States.
- Among fossil fuels, natural gas and NGPL have the fastest rates of production growth
- Natural gas prices remain relatively low until 2050, which has resulted in an increase in domestic and exports of liquefied natural gas (LNG)
- The energy sector continues to move from coal and nuclear power plants to the production of electricity from natural gas and intermittent renewable energy
- US economy continues to grow, but increased energy efficiency keeps US energy consumption relatively stable
US oil production continues to increase in all cases until about 2025, but in five of the six cases it begins to flatten or decline before 2030:
Projected oil production until 2050.EIA
Natural gas production is expected to increase substantially in almost all cases:
Natural gas production and demand will continue to grow.EIA
The biggest change in natural gas trade is expected to be a surge in LNG exports:
LNG exports will boost trade in natural gas.EIA
Nuclear and coal energy is down in all scenarios, while added new capacity is dominated by natural gas and renewable energy (mainly solar energy). The share of solar energy in renewables is expected to increase from 13% in 2018 to 48% in 2050:
Additions and withdrawals of electrical capacity.EIA
conclusions
The latest annual energy outlooks from the EIA model future energy projections under several scenarios. The United States is expected to become a major net energy exporter over the projection period, while the shale revolution in the United States continues to supply larger volumes of oil and natural gas. The electricity sector continues the trend of recent years to phase out coal for natural gas and renewable energy.
