Wood Mackenzie

The latest edition of our LinkedIn newsletter is now live! 💡🔌 This week you've been talking about: - US energy companies brace for tariff impact - Walking Japan’s energy tightrope - Energy transition outlook: EU - 7 questions about Trump tariffs and their impact on the North American oil market answered - 2025 outlook: our predictions for the year ahead Get the latest insights and analysis below, and subscribe to get notified about future editions 👇

Next week, Mansur Mohammed, our Head of West Africa Upstream, will be sharing his expertise at the Africa Upstream Petroleum Forum as part of the Nigeria International Energy Summit. This forum will serve as a critical platform for exploring Africa’s upstream oil and gas opportunities and strategies for sustainable growth in the sector. Can't make the event but want to know more? We've just published our Africa Energy Transition Outlook, which explores the challenges and opportunities that Africa faces in line with our #energytransition scenarios. Read the report here: https://lnkd.in/ecK9iX9B

Canada pushes back on Trump's tariffs 🎧 The backlash isn’t just from one side of the political spectrum - it’s coming from across Canada. The latest US tariffs have sparked a rare moment of unity, with voices from the right, left and centre all calling them "outrageous". Ed Crooks sits down with Samantha Gross from The Brookings Institution, Joseph Majkut of Center for Strategic and International Studies (CSIS) and Andrew Leach of University of Alberta to break it down: - How Canada is responding without "shooting itself in the foot" - The targeted countermeasures announced by the Prime Minister - Real-life impacts already hitting consumers - including surprise heating oil price hikes Listen now and follow Energy Gang for more. https://okt.to/RmlZNh

The Trump administration is continuing to forge ahead with its strategy of increasing US tariffs. Energy companies need to understand the consequences for their supply chains to help manage the impact. Also in Energy Pulse: - The new US National Energy Dominance Council - India’s energy minister warns on the transition - Africa’s energy future Read now. https://okt.to/HfDXLt

Labour's win in the 2024 UK general election changed the political landscape, bringing a renewed focus on accelerating the energy transition. However. UK emissions are projected to drop by just 66% by 2035, well below the aimed-for 81% reduction - leaving a net zero by 2050 scenario currently out of reach. 🔹 What would propel the UK towards its bold net zero goals? 🔹 How will demand sectors decarbonise – and what’s the outlook for oil and gas? 🔹 How much hydrogen, carbon capture and renewables will be deployed? Find out more in the UK edition of our energy transition outlook: https://okt.to/QDZ3gO

Thank you to everyone who joined our lunch briefing at the Tokyo office with our Energy Transition experts. Prakash Sharma, Vice President, outlined Japan’s net-zero scenarios using our integrated global energy model, which leverages a comprehensive ecosystem of supply, demand, and price forecasting. He highlighted that Japan requires US$1.75 trillion in investment to achieve net zero by 2050, with nearly 80% allocated to power generation and infrastructure sectors. Naomi O., Research Analyst, delved into the feasibility of Japan meeting its 2040 renewable energy targets, analysing installation trends, generation mix, and levelized cost of energy (LCOE). She emphasized that competitive renewables LCOE will unlock opportunities for direct power procurement. Couldn't make the briefing? Wood Mackenzie is part of the Scottish delegation at the upcoming Smart Energy Week Japan starting tomorrow, held at Tokyo Big Sight. Visit us at the Scottish Pavilion (E23-22) to explore our latest research capabilities and connect with our experts in power, renewables, hydrogen, and power trading.

What does the future hold for #gas and #LNG in Europe? We welcome Ralf Dickgreber, Head of Global LNG & Biomass ENGIE to this discussion and the talking points will include: 🗣️The future of gas and LNG demand 🗣️European regasification, storage capacity and investment in resilient infrastructure 🗣️Managing price volatility and securing reliable supply 🗣️Diversifying import strategies in a rapidly changing market 👀View the latest agenda and register here https://okt.to/vnmuqI

📢 Attention all power traders, power analysts, asset managers and schedulers in North America. As Spring 2025 approaches, understanding key the dynamics within North American ISOs is more crucial than ever. Join Wood Mackenzie’s Power Trading Analytics team for an upcoming webinar series where we'll analyze US short-term power markets and share forecasts for the 2025 season. Topics for discussion include: 📈 Generation retirements and energizations in ERCOT 📈 PJM’s ‘shovel ready’ interconnection plan 📈 MISO’s reliability challenges ahead 📈 SPP's future transmission plans 📈 And more! Get more info and register here: https://okt.to/fmObNc

What are the key trends and developments shaping the wind energy landscape in 2025? Which way will the policy winds blow? Our 2025 outlook answers key questions, including: 🔹 #OffshoreWind: will 2025 live up to its potential to be a record year for installations, tenders and M&A? 🔹 #OnshoreWind: will the long-awaited recovery for Western wind markets emerge? Get our predictions here: https://okt.to/ukB7ES

We’re delighted to see Patrick Finn, Principle Analyst at Wood Mackenzie, quoted in The New York Times last week! The article examines a recently approved proposal from the nation’s largest grid operator that will give primacy to 50 new power plants, a decision to help meet the country’s growing electricity demand. 📢 The plants that receive priority are "most likely going to be natural gas projects." said Patrick, "On a national level, we really haven’t had to deal with demand growth and its impacts on the grid in decades.” Great to see Wood Mackenzie’s insights featured in this critical discussion.