Global energy investment totalled more than USD 1.8 trillion in 2018, with the power sector attracting more investment than the oil and gas industry for the third year in a row

Energy markets focus on the trade and supply of electricity, gas and liquid fuels. They consist of three main elements: generation or production, transmission and distribution, and supply. Once electricity is generated or gas and oil is produced, it is sold on the wholesale market to suppliers, who sell it on to consumers and arrange for its delivery. It is distributed to homes and businesses through transmission and distribution systems. Depending on a country’s government policy, these elements of energy markets may be nationalised or privatised. Energy markets are closely regulated to ensure secure access to energy at fair prices, since energy is a necessity for sustained economic output and human welfare. Energy markets in the UK are privatised and regulated by the Office of Gas and Electricity Markets (Ofgem), which is responsible for protecting the interest of consumers by promoting fair competition. UK energy markets have recently experienced significant changes due to diversification of electricity generation through the rise of renewable energy sources, as well as the addition of many new suppliers.

Around the world, investments in the energy system are shifting, with increasing funds flowing into renewables, grid flexibility mechanisms, and low carbon transport. An appropriate policy and regulatory environment is required for continued investment towards a low carbon economy while maintaining energy security. The low carbon transition often requires the government to drive and guide private spending since investments in low carbon energy infrastructure are often capital-intensive and require long-term returns. There is growing need for new market structures to be defined and existing ones to play different roles in order to encourage low carbon investments across all sectors of energy, while also keeping the energy system stable and conventional sources flowing. Increased interconnection is also an option for moving towards more sustainable and cost-effective energy systems; integration of national energy systems through cross-border infrastructure can redefine investment agendas.

For the latest news and articles on energy pricing read Petroleum Review.

Learn more about markets and investment by reading our Energy Insights.

View upcoming finanace and investment consultations and policies on our Policy Milestones Calendar.

What's new?

New partnership to market liquid hydrocarbons made from recycled tyres

13-11-2020
Vitol and Wastefront, a Norwegian waste tyre recycling company, have unveiled a 10-year offtake agreement for the production of liquid hydrocarbons and certain non-liquid products to be produced at Wastefront’s first waste tyre recycling plant in Sunderland, on its completion in 2023.In addition to ...

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2oC pathway could cut upstream gas investments by 65%

12-11-2020
A world on a 2oC pathway could significantly reduce upstream gas investments by 65% through to 2040, according to Wood Mackenzie analysis.The company’s base case outlook projects some 200bn boe of new gas resource developments needed to meet demand through to 2040. Major contributors include Qatar, ...

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India to overtake China as world’s largest LPG residential market by 2030

6-10-2020
India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030, according to the latest analysis from Wood Mackenzie.  LPG demand in the residential sector is forecast to continue to see sustainable growth at a cumulative annual g...

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Deflated gas market

1-10-2020
Dr Anouk Honoré, Senior Research Fellow, The Oxford Institute for Energy Studies (OIES), looks at the impact of COVID-19 on Europe’s gas sector.

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UK can lead world in net zero energy technologies – but investment is critical

16-09-2020
The UK’s Oil & Gas Technology Centre (OGTC) has published a comprehensive roadmap setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS), highlighting the major economic opportunity this transformation offers.Closing the ga...

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Events and training

EI LIVE | Introduction to Liquefied Natural Gas (LNG) - November 2020

30-11-2020
This 4-day training course provides an introduction to the LNG chain. Suitable for students who are new to the LNG sector and/or those with a non-technical background.

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Oil & Gas Fundamentals - Awareness - Nigeria - March 2021

29-03-2021
This 2-day awareness training course provides delegates with an overview of principal activities in the international upstream, midstream and downstream petroleum industry.

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EI LIVE | Introduction to LNG - May 2021

10-05-2021
This 4-day training course provides an introduction to the LNG chain. Suitable for students who are new to the LNG sector and/or those with a non-technical background.

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EI LIVE |Economics of the Oil and Gas Industry - May 2021

24-05-2021
A 4-day online introduction to the economics of the oil and gas industry. This course is suitable for students who are new to the oil and gas industry.

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CQRM - Certified in Quantitative Risk Management - September 2021

27-09-2021
This 4-day CQRM - Certified in Quantitative Risk Management training course will teach delegates how to acquire updated and practical knowledge in risk management from a quantitative approach to measure, analyse and make decisions.

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Technical guidance publications

Proceedings of the 20th World Petroleum Congress. Energy Solutions for All: Promoting Cooperation, Innovation and Investment. 4-8 December, 2011, Doha, Qatar

2012
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Financial investment in energy efficiency

2008
Taken from Croner's Energy Management loose-leaf manual, this 30-page module identifies a number of accountancy techniques to help energy managers quantify potential savings by investing in energy efficiency. It outlines the basic principals of investment appraisal, explains the barriers to investin...

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