Energy enables countries, companies and individuals to grow, develop and change. Now, the energy sector itself must evolve. We have pinpointed some very important trends: the energy transition, further integration of energy markets and globalization, efficient use of resources, regulation leading to free market systems and liberalization, and new technologies. 

 

Energy markets will soon be very different. 

 

The replacement of fossil fuels with renewable energy is underway. At the forefront of the pack is the electricity sector. Wind and solar, in particular, are increasing their share in the fuel mix. 

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Globalization is a driving force uniting previously separate energy markets. The advent of shale gas in the United States, coupled with the permission to export LNG to other markets, is leading to a global convergence in energy prices. In Europe, ongoing efforts to increase interconnection capacity between countries are bringing the single energy market closer. For players in energy, globalization means that the competitive environment will be determined by global competitors and events. 

 

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