1. ADA University School of Public and International Affairs (SPIA)
Dr. Sarvar Gurbanov
ADA University
School of Public and
International Affairs
(SPIA)

2. Does history repeat itself?

3. The high point of US protectionism
Smoot – Hawley Act
Average tariffs were raised to 53 percent on protected imports
President Herbert Hoover, the tariff signed into law on June 17, 1930
Retaliation by 25 trading partners of United States,
Two years after the act, US exports decreased nearly two-thirds
Mr. Trump is complaining on KORUS, NAFTA, TPP, 12- nation Trans-Pacific Partnership trade pact
Is Mr. Donald Trump next Hoover?

4. Dutch Disease

6. Norway Oil Fund
Oil and gas equities currently account for around 6% of the Government Pension Fund
$36.49 billion
In April, Storebrand, Norway’s largest private-pension fund, said it had launched two new fossil-free funds. Several U.K. pension plans have funds that don’t invest in the sector. In 2014, Stanford University said it wouldn’t invest in coal-mining companies, and under pressure from environmental activists

7. Shaping Expectations…

8. Number of countries importing LNG has risen to 40, from 17, a decade ago

9. International Energy Agency
Demand for natural gas will grow about 1.5% a year out to 2040, including both LNG and gas transported by pipeline,
compared with oil-demand growth of 0.4% a year

10. Demand growth in natural gas outpace..

11. The share of world natural gas consumption in non-OECD countries increases from 53% in 2015 to 59% in #IEO2017
Natural gas continues to be an attractive fuel for the electric power and industrial sectors in many countries. These two uses account for nearly 75% of the projected increase in total consumption between 2015 and 2040.

12. in 2010 Energiewende is introduced
By one estimate, businesses and households paid an extra €125 billion in increased electricity bills between 2000 and 2015 to subsidize renewables.
One-third of Germany’s electricity is actually generated by renewables
Natural gas accounts for only 9.4% of Germany’s electricity, down from a little over 14% in Gas accounts for some 30% of U.S. electricity generation

13. UK became a net importer of petroleum products in 2013

14. Consumption is "out of control,"
OPEC members--mostly countries in the Middle East and Africa, plus Venezuela and Ecuador--now consume almost as much energy as China, with less than half its population. The Middle East, especially, is expected to account for a major chunk of future global demand growth.

15. Now exporter, In 2038: Importer
Continued growth in Saudi energy use could make the country, now among the world's largest oil exporters, an importer by 2038, according to Chatham House, a U.K.-based think tank.

16. Thanks for your attention…
Dr. Sarvar Gurbanov
ADA University
School of Public and International Affairs (SPIA)