The Development Of The Energy Sector - 1537 Words

Much like other sectors, the energy sector is constantly faced with challenges. Companies and governments are constantly looking to sources to provide secure access to guarantee that demand is met. The World population is hovering around the 7 billion mark making the demand for secure access a critical challenge. This requires a long-term balancing solution while satisfying short-term needs. Researchers and other specialists monitor trends in the industry, as well as, rules and regulations set by the governments, partners, and organizations in the focus region in focus so they can be prepared to formulate investment strategies enabling them to capitalize and prosper. The areas of high importance are Africa, Asia, Europe, Latin†¦show more content†¦The unknown is whether there will be enough water to support the power plant without disrupting the water supplies to the population and environment. Fossil fuels, will play a dominant role in the coming decades, but export v olumes will decline as local demand will rise. The increase in energy exports will be with natural gas as production increases will exceed local demand (WEC). Asia Pacific economies are often referred to as emerging economies meaning that their rapid growth increases the demand for more energy supplies. Emerging economies tend to import more energy due to lack of infrastructure to meet demands. The more common method of generating electricity is through the consumption of coal and nuclear. Japan in recent years as saw an increase of 72 percent decrease in the amount of nuclear energy due to 2011 nuclear disaster at the Fukushima Daiichi power plant. This vacuum has been filled with the importation of liquefied natural gas or LNG. The disaster highlights the need for secure supplies for the continent. The thirst for secure supplies in Asia is reshaping the energy landscape. The region currently imports 15 percent of the demand and is expected to increase to 30 percent in the coming decades. China and India are the most population countries in the world with each making gains in standards of