Energy in Perspective
BP Statistical Review of World Energy
2007
Christof Rühl Deputy Chief EconomistLondon, 12 June 2007
BP Statistical Review
of World Energy 2007
© BP 2007
Outline
Introduction
What has changed? The medium term
What is new? 2006 in review
Conclusion
Energy in Perspective
BP Statistical Review of World Energy
2007
Christof Rühl
Deputy Chief Economist
London, 12 June 2007
Outline
Introduction
What has changed? The medium term
What is new? 2006 in review
Conclusion
BP Statistical Review of World Energy 2007
© BP 2007
Energy Prices
Index 1991=100
350
300
Oil (dated Brent)
250
Gas basket
200
150
Coal basket
100
Weighted
average
50
0
1991
1994
1997
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2000
2003
2006
© BP 2007
World Energy Consumption Growth
Average annual growth
Excl. China
6%
5%
4%
20012006
3%
2%
19962001
1%
0%
World
Primary
Energy
OECD
Non-OECD
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Oil
Gas
Coal
© BP 2007
World Economic Growth
Average annual growth (PPP)
10%
8%
6%
4%
19962001
20012006
2%
0%
World
OECD
BP Statistical Review of World Energy 2007
FSU
China
Other EMEs
excl. China
© BP 2007
Income Elasticities of Energy Demand
Elasticity
1.2
1.0
0.8
20012006
0.6
1996-
0.4 2001
0.2
0.0
World
Primary
Energy
World
excl.
China
OECD
BP Statistical Review of World Energy 2007
NonOECD
Oil
Gas
Coal
© BP 2007
World Fuel Shares
Share of global primary energy consumption
50%
40%
Oil
Coal
30%
Gas
20%
Hydro
Nuclear
10%
0%
1966
1971
1976
1981
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1986
1991
1996
2001
2006
© BP 2007
Carbon Emissions
Carbon Intensity
World Carbon Emissions
Index: 1990 = 100
Tonnes of carbon per tonne of primary energy use
140
1.05
World
130
China
1.00
0.95
120
0.90
110
Annex 1
0.85
100
0.80
World
90
Annex 1
Ratified
80
0.75
OECD
0.70
1990
1994
1998
2002
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2006
1971
1978
1985
1992
1999
2006
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Shares of World Energy Consumption
2006
1991
Other
EMEs
18%
Other
EMEs
23%
US
23%
US
21%
China
9%
FSU
17%
Europe
22%
China
16%
Other
OECD
11%
8.2 Billion toe
BP Statistical Review of World Energy 2007
Europe
18%
FSU
10%
Other
OECD
12%
10.9 Billion toe
© BP 2007
Regional Growth of Gas Production
5 year cumulative changes in natural gas production by region
Billion cubic metres
120
90
60
19911996
19962001
30
0
-30
20012006
-60
-90
N America
Europe
S&C
America
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FSU
Africa
Middle East Asia Pacific
© BP 2007
World Oil Production
OECD
30
30
25
25
20
15
10
15
10
5
0
0
1996
2001
1991
2006
Non-OPEC, ex OECD and FSU
35
35
30
30
25
25
Million b/d
Million b/d
20
5
1991
20
15
10
0
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2006
2006
2001
2006
OPEC
10
0
2001
2001
15
5
1996
1996
20
5
1991
FSU
35
Million b/d
Million b/d
35
1991
1996
© BP 2007
Energy Trade
Billion tonnes oil equivalent
2.5
Net inter-regional exports
2.0
Africa
1.5
Mid-East
1.0
FSU
0.5
S&C America
0.0
-0.5
Europe
-1.0
Asia Pacific
-1.5
-2.0
N. America
Net inter-regional imports
-2.5
1981
1986
1991
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1996
2001
2006
© BP 2007
World Economic Growth
Global GDP growth (PPP)
Regional GDP growth in 2006 (PPP)
6%
8%
10-year average
7%
5%
10-year
average
6%
5%
4%
4%
3%
3%
2%
2%
1%
2003
2004
2005
BP Statistical Review of World Energy 2007
2006
Africa
FSU
EU-25
Asia Pacific
2002
Middle East
0%
S&C America
1%
N. America
0%
Source: IMF WEO
© BP 2007
GDP and Primary Energy Growth
Growth
Primary energy consumption
GDP (PPP)
6%
5%
4%
3%
2%
1%
0%
2002
2003
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2004
2005
2006
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World Energy Consumption Growth
Million tonnes oil equivalent
China
Other non-OECD
OECD
Oil
Coal
Gas
Others
500
400
300
200
100
0
-100
2002
2003
2004
2005
BP Statistical Review of World Energy 2007
2006
2002
2003
2004
2005
2006
© BP 2007
Primary Energy Growth by Fuel
50%
% Growth in 2006
40%
5
30%
Fuel Price Growth
20%
4
2005
2006
10%
0%
3
-10%
Oil
Natural Gas
Coal
2
1
0
Coal
Hydro
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