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International Energy Agency (IEA)

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Logo: International Energy Agency (IEA)
Name International Energy Agency (IEA)
Address 9 rue de la Fédération
Place Paris, France
Zip 75015 





 Number of employees
 51-200




 Year founded
 1974




 Phone number
 +33 1 40 57 65 54






 Website
 http://www.iea.org 




 Coordinates
 48.8548086°, 2.2905775°Latitude: 48.8548086
Longitude: 2.2905775
   




 References
 IEA Map and Address[1]

IEA FAQ[2]







LinkedIn Connections
















Contents





 About


The International Energy Agency, headquartered in Paris, France, acts as an energy policy advisor for the governments of its 28 member countries including: Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, Luxembourg, The Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.[2]



 Headlines




On Statistics: Better Data, Please
If one asks what is the share of renewable energy in total global energy consumption, most people will answer 2%, 3%, maybe 5%. Wrong!        It is two or three times that, around 13% because biofuels (mainly wood, charcoal and agro-residues) alone should account for more than 10%. When talking about renewable energy, one should be careful with the figures because of the extreme difficulty in getting the right numbers; it is important to add caution words such as “around” or “should” when trying to quantify production and consumption of renewables. The non-marketed nature of most renewables explains in part the poor quality of the data. But the limited knowledge about renewables, especially biomass, in some countries could lead to dramatic consequences such as acceleration of desertification. So, the call for an urgent change.

  To read the full article, click here.

  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
From Disruption to banality: Views on Variability
A world in which, say, a third of electricity is provided by wind and solar power would need to be very different from today’s.      The tools now available to power system operators are unlikely to be up to the task of managing so much additional variability and uncertainty. To system operators, wind and solar represent disruption – in both senses of the word. On the one hand, additional management complexity; on the other, a game-changer. And the new game is flexibility.
To read the full article, click here.

This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
Renewables’ Role in Aiding Electricity Security
The authoritarian government of a major oil producer is facing a wave of strikes and demonstrations culminating in a revolution.    Unfortunately, the main opposition force is interested in promoting its own extremist ideology rather than establishing democracy, and it launches a series of attacks against oil installations.

  To read the full article, click here.

  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
Carbon capture and storage (CCS) report shows further progress needed
At the 2011 Clean Energy Ministerial (CEM) meeting in Abu Dhabi, the CEM Carbon Capture, Use and Storage Action Group (CCUS AG) presented seven recommendations on concrete, near-term actions to accelerate global carbon capture and storage deployment.    This week, at the 2012 CEM meeting in London, the IEA and Global CCS Institute presented a report tracking progress made against the 2011 recommendations and focusing on key questions such as how Energy Ministers can continue to drive progress to enable CCS to fully contribute to climate change mitigation.  It concludes that, despite developments in some areas, significant further work is required. CCS financing and industrial applications continue to represent a particularly serious challenge. Link to full report… [?]
IEA on Renewables: An Expert View
The IEA is more than just fossil fuels: It is thoroughly involved in the pursuit of new energy technologies, perhaps none more than renewable energy.      IEA experts, especially from the renewable energy division led by Paolo Frankl, contribute to the development of analysis and policy recommendations to foster low-carbon alternatives. Many forms of renewables are ever more viable in various parts of the world, Frankl emphasises in these interview excerpts, and they are not just a means to mitigate climate change: They also promote energy security, the original and main mission of the agency.

  To read the full article, click here.

  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
IEA urges governments to seize the opportunity to accelerate clean energy deployment
Tracking Clean Energy Progress report released at the third Clean Energy Ministerial in London.

Read press release... [?]
The Third Age of Electric Vehicles
The electrification of the vehicle fleet is entering what can be called the third age of electric vehicles (EVs).The first age was in the early 20th century, when EVs were relatively popular until the internal combustion engine displaced them.    The second age was in the 1990s, with interest rekindled in France through the French Agency for Environment and Energy Management (ADEME) and in California with the state’s Zero Emissions Vehicle (ZEV) mandate, which spurred sales of some Evs but fell short of its billing (though it has recently been revised and enhanced). 

  To read the full article, click here. 

  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
Hints Today About Tomorrow’s Gas
Forget about straight-line forecasts for natural gas demand and supply. The patterns can suddenly diverge from the conventional view in the most unexpected way.   
The most obvious example is how the United States, thought on track as recently as 2005 to becoming one of the top importers of liquefied natural gas (LNG) by 2010, is now viewed as a future exporter. Similarly, who would have expected three years ago that Australia could become the largest LNG exporter as soon as 2017? Or that Israel, “the one spot in the Middle East that has no oil”, as former Prime Minister Golda Meir put it, would find so much gas offshore that it is now considering exporting it?

  To read the full article, click here.

  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. [?]
President and CEO of Vestas on windpower
The single most important driver behind wind power’s impressive growth in the last ten years has been the significant reduction in costs. Another important factor has been the expanding flexibility of implementing wind energy in large scale into the power supply.   Especially taking into account conventional power sources’ many indirect costs to society, such as environmental and health-related costs, wind energy offers citizens and political decision-makers a very competitive value proposition.  To read the full article, click here.  This article appears in the second issue of IEA Energy, which covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. Photo copyright: GraphicObsession [?]
Small oil field closures in North Sea have knock-on effect on global oil price benchmark
Supplies from the four oil streams that  comprise Brent likely to drop below 1 million barrels per day in the second and  third quarter of 2012   
 
Two recent minor outages in the North  Sea, off the east coast of the United Kingdom, have affected the price of Brent  – a global benchmark for the price of oil – according to the International  Energy Agency’s latest Oil Market Report (OMR).
 
A gas leak prompted Total to shut the  Elgin/Franklin gas and gas condensate field for several months, while Shell has  been forced to temporarily close its nearby Shearwater field. These actions  have reduced output from Forties – the largest component of the Brent blend –  by around 60 thousand barrels of oil per day (kb/d) in the second quarter of  2012 to 420 kb/d.
 
The monthly OMR notes that these outages  and planned maintenance are likely to force supplies from Brent, Forties, Ekofisk,  and Oseberg (BFOE) – the four major oil streams that make up the Brent  benchmark – to below 1 million b/d in the second and third quarter of 2012.  
 
Supplies from the four oil streams that  comprise Brent likely to drop below 1 million barrels per day in the second and  third quarter of 2012 
 
Two recent minor outages in the North  Sea, off the east coast of the United Kingdom, have affected the price of Brent  – a global benchmark for the price of oil – according to the International  Energy Agency’s latest Oil Market Report (OMR).
 
A gas leak prompted Total to shut the  Elgin/Franklin gas and gas condensate field for several months, while Shell has  been forced to temporarily close its nearby Shearwater field. These actions  have reduced output from Forties – the largest component of the Brent blend –  by around 60 thousand barrels of oil per day (kb/d) in the second quarter of  2012 to 420 kb/d.
 
The monthly OMR notes that these outages  and planned maintenance are likely to force supplies from Brent, Forties, Ekofisk,  and Oseberg (BFOE) – the four major oil streams that make up the Brent  benchmark – to below 1 million b/d in the second and third quarter of 2012.  
 
Supplies from the four oil streams that  comprise Brent likely to drop below 1 million barrels per day in the second and  third quarter of 2012
 
Two recent minor outages in the North  Sea, off the east coast of the United Kingdom, have affected the price of Brent  – a global benchmark for the price of oil – according to the International  Energy Agency’s latest Oil Market Report (OMR).
 
A gas leak prompted Total to shut the  Elgin/Franklin gas and gas condensate field for several months, while Shell has  been forced to temporarily close its nearby Shearwater field. These actions  have reduced output from Forties – the largest component of the Brent blend –  by around 60 thousand barrels of oil per day (kb/d) in the second quarter of  2012 to 420 kb/d.
 
The monthly OMR notes that these outages  and planned maintenance are likely to force supplies from Brent, Forties, Ekofisk,  and Oseberg (BFOE) – the four major oil streams that make up the Brent  benchmark – to below 1 million b/d in the second and third quarter of 2012.  
 
Impact  on prices
 
In addition to reducing the supply of  oil from North Sea fields, these minor outages also affected Brent spot prices  and futures (tradable financial contracts) according to the OMR, because both the  Elgin/Franklin and Shearwater fields are part of the Forties oil stream, which  is the least valuable of the four streams that make up the BFOE benchmark because  of its viscosity and sulphur content.
 
As any of the four varieties can be sold  as part of a general BFOE contract, the price for BFOE is often set by Forties  because it holds less value than the other three.
   
   “The sensitivity of BFOE pricing becomes  even more acute when unplanned maintenance occurs at fields [such as  Elgin/Franklin] in the Forties stream,” the OMR states. 
 
A  sign of times to come
 
The OMR also notes that over the next  five years, it is possible that other mature oil fields will experience similar  problems as the one Total encountered when it decommissioned an old well at the  Elgin/Franklin site.
   
   Over the next decade, the UK Continental  Shelf can expect to see a number of fields and installations cease production  and begin decommissioning. A recent report by Douglas-Westwood and Deloitte’s  Petroleum Services Group calculated that over the next 30 years, almost 500  platforms, 8,000 wells, 4 million tons of steel and several hundred subsea  wells, manifolds and pipelines will need to be decommissioned in the North Sea.
 
“As Total loses around USD1.5 million  per day as the Elgin/Franklin complex remains offline, other companies are sure  to look towards Total’s experience as an indicator of problems that might occur  when routine maintenance becomes problematic for an entire field complex,” the  OMR states. “As decommissioning accelerates in the medium term, analysts should  not discount the price impacts that can occur when things go awry.”
 
The Oil Market Report  (OMR) is a monthly IEA  publication which provides a view of the state of the international oil market  and projections for oil supply and demand 12-18 months ahead. To subscribe,  click here.
 Photo copyright: GraphicObsession [?]




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 References


  1. ↑ IEA Map and Address
    2. 

  2. ↑ 2.0 2.1 IEA FAQ







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