Report Summary

• Our global electricity forecast shows clearly how the Russian Ukraine war brings forward the demise of oil and gas
• Australia, Chile, Norway, Egypt, Kazakhstan, Oman and Mauritania are the unlikely candidates to experience the sort of economic power as energy exporters which Saudi Arabia and Russia have today,
• Customers for high energy imports will be drawn from Europe as well as the South-East Asian countries like Singapore, Philippines, Japan and Vietnam
• The oil market will shrink by 20% in 2030 and since almost half of Saudi Arabia’s GDP comes from oil sales, it will lose significant economic strength, as will countries around it
• Every country’s fossil fuel mix will be significantly depleted by 2030, and many household company names in oil, coal and gas will be gone.