Since 2003 global coal consumption has increased 9 times faster than wind energy and 40 times than solar. Over that period coal consumption has grown faster than any other form of energy according to recent research by The Manhattan Institute. Today coal is responsible for about 30% of the world’s energy while solar and wind together are barely 1.5%. From 1990 to 2010, about 832 million people gained access to electricity due to coal-fired generation, the vast majority of whom live in developing countries.

Emerging markets expect to increase their installed nuclear capacity from 371 gigawatts (GW) in 2013 to 517 GW by 2025, according to research and consulting firm GlobalData.

Israel proposed that the European Union invest in a multi-billion euro pipeline to carry its natural gas to Europe, noting that the supply from Israel would reduce the EU’s current dependence on natural gas from Russia.

The governments of Turkmenistan, Afghanistan, India and Pakistan last week created a joint venture project to build a pipeline that would send natural gas eastward from Turkmenistan.

Russia and China have signed two large natural gas agrrements in the last six months as Russia turns its attention to supply China, in reaction to sanctions and souring relations with Europe — currently Russia’s largest energy export market.These deals have implications beyond Europe. US natural gas producers may be seeing their dream of liquefied natural gas (LNG) exports to China as Russia supplies the Chinese market, a market that was expected to be the largest and most profitable for LNG exporters.

The International Energy Agency predicts global natural gas demand is expected to grow more than 50% by 2040, led by rising demand from China and the Middle East. Countries like Canada, Australia and the US are hoping to meet some of this demand with exports of liquified natural gas (LNG).  Australia currently has three LNG projects operating in the country withseven more under construction.

Indonesian President Joko Widodo raised fuel prices to reduce state energy subsidies, moving on an election pledge less than a month after taking office. The price of subsidized gasoline was increased to 8,500 rupiah ($0.70) a liter from 6,500 rupiah effective this week.

In 2013, average residential electricity rates in the European Union countries were more than double rates in the United States. In 2013, average EU residential prices were 0.20 euro per kilowatt-hour, which translates to about 26.57 cents per kilowatt-hour, a 43% increase from the average 2006 price of 18.80 cents/kWh. In that same time, US prices increased only 17%, from 10.40 cents/kWh to 12.12 cents/kWh.

 

 

 

 

 

with h/t Tom Whipple

 

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