Download the EnerOutlook 2019 presentation to have an overview of the main outcomes of our central scenario EnerBlue in various world regions.
The presentation includes details on the underlying assumptions of this scenario, along with insightful graphs and learnings on the future of energy systems through 2040.
According to the Greek Wind Energy Association Eletaen, at least 1,170 MW of new wind capacity should be added between 2019 and 2023 for a total investment of €1.2bn. Under the medium-case scenario, wind project developers should invest €1.3bn to add 1,310 MW of new capacity by 2023, while the most optmistic scenario forecasts the installation of 1,490 MW for a total investment of €1.5bn.
According to the US Energy Information Administration (EIA), crude oil production in the Gulf of Mexico (GOM) reached an annual record in 2018 at 1.8 mb/d. Crude oil production should continue to rise in 2019 and 2020, in spite of shut-ins related to hurricanes (Hurricane Barry in July 2019 and forecast adjustments for future hurricanes in 2019 and 2020). The production growth should be supported by eight new projects coming online in 2019 and adding about 44,000 b/d in 2019; four more projects with a combined capacity of 190,000 bbl/d are expected in 2020. The average crude oil production should rise to 1.9 mb/d in 2019 and to 2 mb/d in 2020, but offshore production growth should be outpaced by onshore production, leading to a continued erosion of the share of the GOM in the total US crude oil production (around 15% in 2019-2020, compared to 23% in 2011).
The Nigerian National Petroleum Corporation (NNPC) targets 3 mb/d of crude oil production and 40 Gbl of reserved by 2023. According to the company, Nigerian petroleum production stood at nearly 1.87 mb/d in May 2019, while reserves of crude oil reached at 28.2 Gbl at end-2018. For the year 2020, the federal budget anticipates crude oil production attaining 2.2 mbl/d.
According to WindEurope’s latest wind capacity forecast (Wind Energy Outlook to 2023), new wind installations in Europe will depend on the ambitions presented in the National Energy & Climate Plans (NECPs) and on project permitting issues that have already led to under-subscribed auctions.
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