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Country Analysis Brief: Saudi Arabia

September 30, 2014 Comments off

Country Analysis Brief: Saudi Arabia
Source: Energy Information Administration

Saudi Arabia is the world’s largest holder of crude oil proved reserves and was the largest exporter of total petroleum liquids in 2013. In 2013, Saudi Arabia was the world’s second-largest petroleum liquids producer behind the United States and was the world’s second-largest crude oil producer behind Russia. Saudi Arabia’s economy remains heavily dependent on petroleum. Petroleum exports accounted for 85% of total Saudi export revenues in 2013, according to the Organization of the Petroleum Exporting Countries (OPEC)’s Annual Statistical Bulletin 2014.

With the largest oil projects nearing completion, Saudi Arabia is expanding its natural gas, refining, petrochemicals, and electric power industries. Saudi Arabia’s oil and natural gas operations are dominated by Saudi Aramco, the national oil and gas company and the world’s largest oil company in terms of production. Saudi Arabia’s Ministry of Petroleum and Mineral Resources and the Supreme Council for Petroleum and Minerals have oversight of the oil and natural gas sector and Saudi Aramco.

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Country Analysis Brief: East China Sea

September 18, 2014 Comments off

Country Analysis Brief: East China Sea
Source: Energy Information Administration

The East China Sea is a semi-closed sea bordered by the Yellow Sea to the north, the South China Sea and Taiwan to the south, Japan’s Ryukyu and Kyushu islands to the east, and the Chinese mainland to the west. Studies identifying potentially abundant oil and natural gas deposits have made the sea a source of contention between Japan and China, the two largest energy consumers in Asia.

The East China Sea has a total area of approximately 482,000 square miles, consisting mostly of the continental shelf and the Okinawa Trough, a back-arc basin formed about 300 miles southeast of Shanghai between China and Japan. The disputed eight Senkaku islands are to the northeast of Taiwan. The largest of the islands is two miles long and less than a mile wide.

Though barren, the islands are important for strategic and political reasons, as sovereignty over land is the basis for claims to the surrounding sea and its resources under the United Nations Convention on the Law of the Sea. China and Japan both claim sovereignty over the islands, which are under Japanese administration, preventing wide-scale exploration and development of oil and natural gas in the East China Sea.

Country Analysis Brief: Australia

September 16, 2014 Comments off

Country Analysis Brief: Australia
Source: Energy Information Administration

Australia is rich in commodities, including fossil fuel and uranium reserves. It is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net energy exporter, sending nearly 70% of its total energy production (excluding energy imports) overseas, according to data from Australia’s Bureau of Resource and Energy Economics (BREE).

Except for crude oil and other liquids, Australia retains a surplus of all other energy commodities. Australia was the world’s second-largest coal exporter based on weight in 2012 and the third-largest exporter of liquefied natural gas (LNG) in 2013. Energy exports accounted for 24% of Australia’s total export revenues in 2012, according to BREE. The country holds the world’s largest recoverable reserves of uranium (about 32%, based on 2012 data) and is the third-largest producer and exporter of uranium for nuclear-powered electricity, according to the World Nuclear Association. Australia is a net importer of crude oil and refined petroleum products, although the country exports some petroleum liquids.

International Energy Outlook 2014

September 10, 2014 Comments off

International Energy Outlook 2014
Source: Energy Information Administration

World markets for petroleum and other liquid fuels have entered a period of dynamic change—in both supply and demand. Potential new supplies of oil from tight and shale resources have raised optimism for significant new sources of global liquids. The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe, and other regions with well-established oil markets seems to have peaked. After a long period of sustained high oil prices, improvements in conservation and efficiency have reduced or slowed the growth of liquid fuels use among mature oil consumers. The changes in the overall market environment have led the U.S. Energy Information Administration (EIA) to focus on reassessing long-term trends in liquid fuels markets for the 2014 edition of its International Energy Outlook (IEO2014).

Country Analysis Brief: Sudan and South Sudan

September 5, 2014 Comments off

Country Analysis Brief: Sudan and South Sudan
Source: Energy Information Administration

Sudan and South Sudan, both located in northeastern Africa, became independent countries in July 2011, following a referendum in South Sudan where the people overwhelmingly voted for independence. Prior to the split, the unified Sudan was the second-largest oil producer in Africa in 2010, outside of the Organization of the Petroleum Exporting Countries (OPEC). Since the split, Sudan and South Sudan’s production has declined, and together they ranked as the fourth-largest non-OPEC African oil producer in 2013. Disagreements over oil revenue sharing and armed conflict have curtailed oil production from both countries over the past few years.

Country Analysis Brief: Egypt

August 26, 2014 Comments off

Country Analysis Brief: Egypt
Source: Energy Information Administration

Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum Exporting Countries (OPEC), and the second-largest natural gas producer on the continent, behind Algeria. Egypt plays a vital role in international energy markets through the operation of the Suez Canal and Suez-Mediterranean (SUMED) Pipeline.

The Suez Canal is an important transit route for oil and liquefied natural gas (LNG) shipments traveling northbound from the Persian Gulf to Europe and North America and southbound shipments from North Africa and countries along the Mediterranean Sea to Asia. The SUMED Pipeline is the only alternative route nearby to transport crude oil from the Red Sea to the Mediterranean Sea if ships were unable to navigate through the Suez Canal. Fees collected from the operation of these two transit points are significant sources of revenue for the Egyptian government.

EIA mapping tool shows which U.S. energy facilities are at risk from flooding

August 8, 2014 Comments off

EIA mapping tool shows which U.S. energy facilities are at risk from flooding
Source: Energy Information Administration

The public now has a new online tool to help inform them about energy facilities’ exposure to flooding caused by hurricanes, overflowing rivers, flash floods, and other wet-weather events. Developed by the U.S. Energy Information Administration (EIA), the Flood Vulnerability Assessment Map, shows which power plants, oil refineries, crude oil rail terminals, and other critical energy infrastructure are vulnerable to coastal and inland flooding.

The mapping tool combines EIA’s existing U.S. Energy Mapping System with flood hazard information from the Federal Emergency Management Agency (FEMA) and represents EIA’s latest step in making energy data more accessible, understandable, relevant, and responsive to users’ needs.

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