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India, China and Southeast Asia will continue to be the three most important growth engines of power demand across the planet, says Alex Whitworth, Vice President, Head of Asia Pacific Power Research at Wood Mackenzie. With the Asia Pacific region seeing its share of global power demand surpass the 50% mark in 2023.
A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.
Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.
More than 100 gigawatts (GW) of global renewable energy capacity is expected to be tendered in 2024. With more than 60 GW to be offshore wind, the overall volume is set to grow as the year progresses and will match 2023 levels.
Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.
Plummeting Utility PV solar costs beat coal power to emerge as the cheapest power source in the region
The recent acquisition of Pavilion's LNG assets by Shell is expected to strengthen Singapore's position as a global LNG trading and bunkering hub, according to analysis by Wood Mackenzie. “The acquisition will position Shell as the main user of the Singapore LNG (SLNG) terminal,” says Johnson ...
As major global economies look to reposition critical minerals supply chains outside China, the resulting inefficiencies could increase the cost of finished goods and delay the energy transition. The world cannot achieve decarbonisation without copper, a crucial component in electrification. Curr...
Join our webinar on the 25th February as we discuss the outlook for APAC Upstream oil and gas
On the webinar replay, our hosts will discuss de-risking energy storage ownership through a multi-faceted approach. They will dive into key risk factors and how to build flexibility across the policy, supply chain, and technology landscape to ensure long-term success in energy storage investments.
In this webinar replay, Glencore Technology discuss how they are meeting current industry challenges in the Metals and Mining sector with their proven, best-in-class technolgies.
BP sets an ambition of being a “net zero company” by 2050, gas prices slump in Asia, and world CO2 emissions are steady as US coal declines. Energy Pulse with Ed Crooks.
The latest edition of the International Energy Agency's flagship World Energy Outlook highlighted its concern that the world is "well off track from the aim of a secure and sustainable energy future". This and more from Ed Crooks, Vice-Chair, Americas.
In this week's Energy Pulse with Ed Crooks, the closure of the Navajo Generating Station, coal’s resilience in China, and claims of breakthroughs in solar and batteries.
Gain unparalleled access to real-time refining operations across the world critical to understanding the full picture of crude oil and refined product supply and demand.
Join us on Thursday 8th July for a discussion with Wood Mackenzie’s senior metals and mining experts to understand how carbon taxes and stakeholder pressure are reshaping the metals and mining investment environment.
Future Facing Commodities Forum returns on 30 April 2025, focusing on the outlook for the key commodities that underpin the energy transition.
Wood Mackenzie is proud to be Official Knowledge Partner at this years Gastech in Bangkok, from the 14 - 17 September. Come by out stand and meet our experts in the Gas & LNG industry.
Four reasons the industry has started to invest again.
Last week in Singapore, sector leaders, including CEOs, took to the stage for Wood Mackenzie’s 6th APAC Energy and Natural Resources Summit. The theme was ‘Rebooting Asia’s energy transition’.
Wood Mackenzie hosted its first Global Gas, LNG and the Future of Energy conference featuring keynote speakers from across the industry. These are our five key takeaways from the event.
Renewables now dominate new projects under construction
Government starts pulling the levers to bolster the economy
Gas is to be the bridging fuel of the transition, its lower carbon intensity supporting its position in the energy mix longer than coal and oil. Yet nothing can be taken for granted as decarbonisation policy tilts the playing field away from fossil fuels.
Could Iran Sanctions See Brent Spike to U.S.$100 a barrel? The oil market faces a precarious few months. The imposition of U.S. secondary sanctions on Iranian exports on November 5 is the critical factor behind Brent’s rally to more than U.S.$80 a barrel in October. There’s enough supply to meet demand this winter, but the margin for error is worryingly narrow.
How to stay relevant? Every oil and gas company is pondering the energy transition, and how to adapt a business model that’s served well for the last century to be fit-for-purpose through the 21st and beyond.
Nigeria is setting bold new targets for oil and gas production - but can fresh investment, policy shifts and industry collaboration turn ambition into reality?
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