In the past week I've been digging into a number of different geographic regions, and thought it useful to share with you some of these findings. So let us go around the world in 80 seconds, taking a look at some random energy facts from around the globe which serve to show the diversity and the interconnectivity of global resources.
SAUDI ARABIA - given that electricity demand in the kingdom is rising 10% each year, Saudi Arabia now consumes more than a quarter of its oil production to keep up with demand. It now consumes more oil than Germany - which has triple the population and an economy five times the size.
AUSTRALIA - could well become the world's largest LNG exporter by 2018, surpassing Qatar, with 70% of global LNG capacity currently under construction in the country. It is currently also the world's largest coal exporter.
PAKISTAN - is the country with the most natural gas vehicles, with over 2.8 million.
SCOTLAND - is aiming to get 100% of its electricity generation from renewable sources by 2020, with a strong focus on wind farms (making up 25% of Europe's offshore total ... but annoying Donald Trump … and sometimes exploding …).
NIGERIA - is the largest oil producer in Africa, sending over 40% of its oil exports to the U.S., and has the largest natural gas reserves in Africa. By 2050, Nigeria is also expected to be the 4th most populous country in the world.
BRAZIL - has the third largest electricity sector in the Western Hemisphere, behind the US and Canada. 85% of its electricity generation comes from … hydropower.
JAPAN - since the Tohoku earthquake of last year, Japan has all but 1 of its 54 nuclear reactors offline, with the last one being shut down in May for safety checks. Two have tentatively been approved to come back online, but this is likely several years away. In the meantime, LNG is being relied upon to meet the shortfall in power generation.
IRAN - prior to sanctions, it was exporting 2.5 million barrels a day, the majority of which went to Asia (22% China, 14% Japan, 13% India, 10% South Korea).
The key takeaway from these facts is that how reliant some countries are on certain energy sources, and also how reliant they are on other countries to provide them. But an overarching theme that flows through all of this is the need for hydrocarbons; despite countries such as Brazil or France who are strongly reliant on hydro- and nuclear power respectively, many other countries in the world lean on crude oil, coal, and natural gas. And this trend is not going to change anytime soon.