Global Scans · Energy · Weekly Summary

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WHAT'S NEXT?: By 2025 solar energy will be the cheapest energy option globally. In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Improvements in energy efficiency in lighting and home appliances are expected to continue to push residential electricity use lower. The burning of coal will fall out of favor. Transportation energy consumption will be rising in correlation to growth in automated vehicles in the coming years.

• [New] Key insights include a 9% annual decline in oil and gas output since 2020, a forecasted £115bn in UKCS energy spend by 2030, and the urgent need for fiscal and regulatory certainty to secure energy security, economic growth, and net zero ambitions. Offshore Energies UK (OEUK)
• [New] Bihar is set to join the elite club of states with nuclear power plants, thanks to the Nuclear Energy Mission announced in the Union Budget 2025-26. Global Education News
• [New] Electrification is one of the most important strategies for reducing CO2 emissions from energy in the Net Zero Emissions by 2050 Scenario, where the majority of emissions reductions from electrification come from the shift towards electric transport and the installation of heat pumps. IEA
• [New] As Mexico navigates its energy future, the potential integration of Russian technology and LNG supplies could play a pivotal role in achieving its production targets and reducing dependency on a single supplier. The Pinnacle Gazette
• [New] Over the past five years, the global energy system and international energy markets have been rocked by a series of seismic events causing supply chain disruption, energy supply shortages, record energy prices, and increased volatility across international markets. Statistical review of world energy
• [New] Amid rising tensions in the Middle East, Iranian authorities have threatened to block the Strait of Hormuz, a critical chokepoint for global energy trade. Reccessary
• [New] Oil prices have surged past $100 per barrel, and global financial markets are showing signs of strain amid fears of a prolonged conflict threatening key shipping lanes and energy infrastructure. WardheerNews
• [New] Establishing US bases could shield them from tariffs but risks stoking security concerns the US has with China in areas as varied as chip making and energy security. The Economic Times
• [New] Over the last week, energy markets continued to include a premium in anticipation for the disruption to Oil and LNG supplies from the Middle East. Indigo Swan
• [New] Japan has set a target to become carbon neutral by 2050, and its government is heavily investing in hydrogen as a clean energy source. The Edge Malaysia
• [New] Energy security is a key area of growth, with the IEA predicting that electricity demand will rise in 2025 at the fastest pace in two decades. ansarada
• [New] Iran could target other energy infrastructure in the Middle East or strike US assets, which could then lead to further escalation, including if Israel or US were to target Iran's oil export facilities. Proactiveinvestors UK
• [New] As the world's largest oil importer and a major manufacturing hub, China faces particular vulnerability to energy supply disruptions that could cascade through its industrial base. Discovery Alert
• [New] Commercial energy prices in the UK have placed firms at a real disadvantage for too long, so the proposed reductions - through both the Competitiveness Scheme and Supercharger support - could offer significant relief. Construction Equipment Association
• [New] Strategic industrial support and energy security: GBE will play a pivotal role in revitalising the UK's industrial sectors through investments in clean energy supply chains. publicationportalpreview.hoganlovells.com
• [New] Iran has threatened the closure of the Strait of Hormuz, raising energy and military stakes. The DEFCON Warning System Shop
• [New] Placing clean energy at the heart of the new industrial strategy is a vote of confidence in the enormous economic growth potential of Scotland's renewable energy industry and supply chain. GOV.UK
• [New] Today's industrial strategy identifies clean energy as one of the sectors with the highest growth opportunity, and we are going to see tens of billions of pounds of new investment in wind energy, grid and hydrogen in the coming years. GOV.UK
• [New] Stable, affordable energy prices will help ensure that the UK remains a competitive place to do business, and in an increasingly uncertain global operating environment, clean power will deliver energy security. GOV.UK
• [New] The threat of Iranian missile strikes on Gulf oil infrastructure or the closure of the Strait of Hormuz directly imperils China's energy security. Modern Diplomacy
• [New] The Eurosystem staff projections see inflation staying temporarily below 2% in 2026 - driven in part by a stronger euro and a decline in energy commodity prices - before returning to target in 2027. European Central Bank
• The growth in energy demand will be fuelled by the perpetual hunger for growth, rightful justifiable pursuit of economic development, rapid urbanization, growing middle-income groups, and the demographic in Asean and the Asia-Pacific region. Selangor Journal
• Energy demand in ASEAN and the Asia-Pacific region is expected to rise in the coming years, driven by the adoption of artificial intelligence under the Fifth Industrial Revolution. The Star

Last updated: 27 June 2025