COP28 in the UAE needs to send a clear signal towards ambitious climate action. It requires a phase-out of oil and gas production, new global targets on renewables and fewer distractions from topics like CCS or co-firing old combustion technology with synthetic fuels from renewable sources.

The oil and gas (O&G) sector in the Asia-Pacific (APAC) region is likely to find fundraising trickier, particularly to support fresh capacity, according to this new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Oil and gas operations account for nearly 15% of energy-related greenhouse gas emissions today and the industry has the ability and resources to cut them quickly and cost effectively.

This report mainly deals with energy transition issues connected with the oil and gas sector, and energy transition will also significantly impact other sectors like industry, transport, cooking etc.

In the midst of a global energy crisis, fundamental questions are now being asked about natural gas: how can supply be assured, now and in the future, and at what price?

The latest Global Gas Flaring Tracker Report, a leading global and independent indicator of gas flaring, finds that global gas flaring decreased by three percent to 139 bcm in 2022 from 144 bcm in 2021. Oil production increased by 5 percent to 80 million barrels per day (bbl/d) from 77 bbl/d in 2021.

This annual Global Energy Outlook report examines a range of projections for the global energy system, summarizing key implications for global energy consumption, emissions, and geopolitics.

This publication, the 30th in the series, is an updated and integrated repository of statistics on energy resources and highlights the India’s commitment and the progress made so far in the area of reliable, sustainable and efficient energy systems in the country.

The global natural gas market suffered a major shock in 2022 as Russia cut pipeline deliveries to Europe substantially, placing unprecedented pressure on supply and triggering a global energy crisis.

This background note was developed to inform the discussions at the Special IEA Ministerial on Gas Markets and Supply Security on 15 February 2023. It assesses the latest developments in European and global natural gas markets, taking into account the impacts of the energy crisis triggered by Russia’s invasion of Ukraine in 2022.