U.S. Energy Dominance or Divergence? (Challenges for Europe and - PowerPoint PPT Presentation

16 th IAEE European Conference Ljubljana 26 August 2019 U.S. Energy Dominance or Divergence? (Challenges for Europe and other major importers) Edward C. Chow Senior Associate

U.S. becomes a net energy exporter after 2020 Gross energy trade (Reference case) Net energy imports (Reference case) quadrillion British thermal units quadrillion British thermal units 2018 2018 40 history projections 30 history projections 35 exports 25 30 20 imports 25 15 20 10 petroleum and other net imports 15 liquids 5 electricity 10 coal and 0 coke natural gas 5 -5 net exports 0 -10 1990 2010 2030 2050 1990 2010 2030 2050 Source: U.S. Energy Information Administration, Annual Energy Outlook 2019 2

U.S. becomes a net oil exporter? Source: U.S. Energy Information Administration, Annual Energy Outlook 2019 3

U.S. is net gas exporter and becoming major LNG exporter Source: U.S. Energy Information Administration, Annual Energy Outlook 2019 4

Source: IEA WEO