“Everything up in the air”: LNG, the Strait of Hormuz, and Central & Eastern Europe’s energy future
"LNG shipments to Central & Eastern Europe are reliable as long as those gas markets are not overly dependent upon one supplier."
Past Event
June 17, 2014
8:30 am - 10:00 am
The Center on Global Energy Policy hosted a presentation and discussion with Eirik Waerness, Chief Economist, Statoil ASA, on Statoil’s 2014 “Energy Perspectives” report, which was released on June 13th, 2014. The report presents a macroeconomic and long-term outlook for energy production and consumption up to 2040. Initial findings for the base case include:
– Average economic growth globally of 3% a year until 2040, with average energy demand increasing at 1.2% per year
– Oil demand peaking around 2030
– Carbon dioxide emissions peaking in the early 2030s
– Overall strong growth in new renewable generation capacity
In addition to a base case the report also examines two alternative scenarios. One looks at the impact of increased geopolitical conflict, declining economic integration, and slower growth. The other examines the impact of energy and climate policies that would result in lower carbon emissions and a “greener” energy mix. Center Director Jason Bordoff moderated the discussion following the presentation.
Download Statoil’s 2014 “Energy Perspectives” report (PDF)
Download the presentation here (PDF)
More than a month into the Iran conflict, the United States and Iran are at a critical inflection point.
This roundtable is open only to currently enrolled Columbia University students. To register, you must sign in with your UNI. The Center on Global Energy Policy (CGEP) at...
On February 28, the United States and Israel launched an attack on Iran, resulting in the deaths of Iranian Supreme Leader Ali Hosseini Khamenei and senior Iranian leaders...
Join the NYU SPS Center for Global Affairs, the Center on Global Energy Policy at Columbia University SIPA Women in Energy Initiative (WIE), and the NYU SPS Energy,...
On March 20, Governor Kathy Hochul proposed significant changes to New York’s Climate Leadership and Community Protection Act (CLCPA), the landmark climate law passed in 2019.
In January 2026, the UK government publicly released an intelligence report analyzing the security implications of global environmental destruction.