Governments need to be smarter with energy policy
Power generation spend needs to double in 20 years to meet surge in electricity demand
Spending on power generation will have to double over the next 20 years to keep up with soaring demand, posing a stark challenge for governments and investors to deliver low-carbon, secure and affordable energy. “Annual investment in power generation will have to increase from $400 billion annually now to $800bn by 2030,” Guy Turner, chief economist at Bloomberg New Energy Finance, told delegates at WEC 2013. To ensure the vast amounts of new investment materialise, Turner said, governments will have to strike the right balance between predictability and flexibility. They have to provide stable, long-term direction for investors, but also ensure policies keep up with market and technological
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Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
