World Energy Outlook 2017 | Peter Fraser (IEA)

Maria Olczak (FSR) and Peter Fraser (Head of Gas, Coal and Power Markets Division at IEA) discuss the key messages coming from the latest edition of World Energy Outlook published on 14 November 2017. The major observed shifts include: massive deployment and failing costs of clean energy technologies, mainly solar; the significant growth in the electrification of energy; and the changing landscape of natural gas markets. The IEA predicts that natural gas will grow much faster than the other fossil fuel, especially in developing economies. In the second part of the interview, Peter Fraser explains how LNG is changing current global gas order and how rising LNG exports from the US are leading towards a more flexible and liquid global market, with major role of Qatar, Australia, USA. Podcast recorded on the sidelines of the workshop “Promoting a flexible, liquid and transparent global LNG market” organized jointly by the European Commission (DG Energy) and Japanese Ministry of Economy, Trade and Industry. Florence, 15 November 2017.