IOGP Global Production Report 2019 and Production Indicator©
Arianna ChecchiThe International Association of Oil & Gas Producers (IOGP), Level 14, City Tower, 40 Bashingall Street, London EC2V5DE, UK. Email: ac@iogp.org
The APPEA Journal 60(2) 417-420 https://doi.org/10.1071/AJ19067
Accepted: 2 March 2020 Published: 15 May 2020
Abstract
This paper builds on the International Association of Oil & Gas Producers’ (IOGP) Global Production Report 2019, published in November 2019. The Report provides an incisive look at the world’s oil and gas production and demand trends in seven regions: Africa, Asia–Pacific, Commonwealth of Independent States (CIS), Europe, the Middle East, North America and Central and South America. By dividing daily production in thousands of barrels for oil (and billion cubic metres per year) by demand within each region, the Report provides a unique IOGP Production Indicator© (PI), which demonstrates regional self-sufficiency as well as export potential. Based on the latest BP Statistical Review of World Energy, published in June 2019, the Report draws its conclusions from 2018 data. This paper analyses the data and trends supplied by the Report, extrapolating the main messages revealed by the figures. At the core of the paper are analyses of and comparisons among the regional oil and gas PIs of the Global Production Report 2019. Through the PI, this paper looks ahead and considers the implications of regional production versus demand (both oil and gas) for each region, presenting key conclusions stemming from the PIs in different parts of the world.
Keywords: Africa, Asia–Pacific, Central and South America, CIS, Commonwealth of Independent States, Europe, gas demand, gas export potential, gas production, investment, Middle East, North America, oil demand, oil export potential, oil production.
Arianna Checchi is the Global Engagement Manager at the London office of the International Association of Oil & Gas Producers (IOGP). Arianna has been seconded to IOGP from Eni SpA where she has been working since 2009, initially in the Gas and Power Division, in Milan, and then in the International Affairs Department, in Rome. Arianna holds a PhD in Political Science from the University of Florence, an MA in International Relations and Economics from the Johns Hopkins University, Washington DC and Bologna, and a BA in International Relations from the University of Bologna. In 2018 Arianna completed an executive program in business administration at SDA Bocconi, in Milan. |
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