Australian energy: the benefits of being Asia’s next-door neighbour

Australian energy: the benefits of being Asia’s next-door neighbour / Fatih Birol, IEA. East Asia Forum, January 29th, 2013

http://www.eastasiaforum.org/2013/01/29/australian-energy-the-benefits-of-being-asias-next-door-neighbour/

The International Energy Agency’s World Energy Outlook 2012 (WEO-2012) projects that resurgent oil and gas production in the United States, which temporarily overtakes Saudi Arabia as the world’s largest oil producer before 2020, to be a key engine of change in energy markets. Others include some countries’ retreat from nuclear power, the spread of unconventional gas production and a strong push for energy efficiency gains in some major economies. One important feature of energy markets remains firmly intact during that period: Asia’s dominance as the focal point of energy demand growth and expanding energy trade…


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