With changes to the global energy map and new technologies come opportunity and challenges. Challenges which include relentless energy demand growth, even in the face of widespread energy poverty, and meeting that demand reliably and affordably without threatening catastrophic climate change. This reality means that cooperation between industry and policy making will be extremely important in the coming decades.

1. Strategic challenges in global energy –the
contribution from the oil and gas business
Maria van der Hoeven
Executive Director
GE Oil&Gas Annual Meeting
Florence, 04 February 2014
© OECD/IEA 2012

2. Oil and gas remains the backbone of energy supply
Growth in total primary energy demand
1987‐2011
Gas
2011‐2035
Coal
Renewables
Oil
Nuclear
500
1 000
1 500
2 000
2 500
3 000
Mtoe
Today's share of fossil fuels in the global mix, at 82%, is the same as it was 25 years
ago; the strong rise of renewables only reduces this to around 75% in 2035
the strong rise of renewables only reduces this to around 75% in 2035
© OECD/IEA 2012

3. Very large upstream investments are needed even
with low demand growth
World liquids production by source
© OECD/IEA 2012

4. Energy poverty in energy rich countries
© OECD/IEA 2012

5. Coal is powering the Asian miracle
© OECD/IEA 2012

6. Abundant and well‐diversified supplies drive
the growth of gas
Change in annual natural gas production
China
United States
Russia
2011‐2020
2020‐2035
Australia
Qatar
Iraq
Brazil
Turkmenistan
Iran
Algeria
‐30
0
30
60
90
120
150
180
210
240
bcm
Natural gas production increases in every region of the world
between 2011 & 2035, with the exception of Europe
© OECD/IEA 2012

7. Well‐functioning markets are the foundation of
policy trust
© OECD/IEA 2012

8. Golden rules are needed to maintain acceptance
of shale gas
© OECD/IEA 2012

9. Methane leakage can move gas from solution to
part of the problem
1400
kg/MWh
1200
Greenhouse gas emissions from power generation
worst case leakage
best case leakage
combustion
1000
800
600
400
200
0
coal
g
gas
© OECD/IEA 2012

10. So CCS should play a major role – but is it on
track?
© OECD/IEA 2012

11. Private sector innovation will be key for security
and sustainability
© OECD/IEA 2012

12. Strategic challenges in global energy –the
contribution from the oil and gas business
Maria van der Hoeven
Executive Director
GE Oil&Gas Annual Meeting
Florence, 04 February 2014
© OECD/IEA 2012