Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand.

In its Global Energy Review 2021, the International Energy Agency noted that demand in emerging markets and developing economies is set to rise to 3.4 per cent above 2019 levels while energy use in advanced economies is on course to be 3% below pre-pandemic levels.

So just how do the different sources of energy shape up?

At first glance, it doesn’t look good for uranium, what with prices sliding for a third straight week and the IEA noting that power generation from nuclear energy is expected to be up just 2 per cent this year, half the 4 per cent decline in 2020.

Nuclear power also accounts for just over 4 per cent of global primary energy consumption in 2019.

Despite this, the outlook for the nuclear fuel to meet future energy demand is looking increasingly positive with several countries already looking to expand its use to help slash emissions.

Existing nuclear power capacity and advanced reactor technology is part of the US plan to slash its carbon dioxide emissions by 50 per cent while Russian President Vladimir Putin referred to low-carbon energy sources, including nuclear, as part of the international effort to address climate change.

China is also in on the game. Its recently completed 14th Five-Year Plan includes plans to increase nuclear power capacity to 70 gigawatt equivalent by the end of 2025 while the China Nuclear Energy Association expects the country will have 200GW of nuclear capacity by 2035.

Even Japan is looking at increasing its nuclear power generation capacity, with its 2018 Basic Energy Plan flagging that nuclear power could generate between 20 per cent to 22 per cent of its generation capacity by the end of the decade to meet energy demand.
 

Growing energy demand drives fossil fuel bonanza

Coal and gas are also expected to see gains this year with the IEA expecting recovering economic activity to reverse declines in 2020.

Demand for coal is likely see a 4.5 per cent increase, taking it above 2019 levels thanks to increasing use in Asia.

Meanwhile, gas is on track for the biggest rise of any fossil fuel relative to 2019 with energy demand expected to climb by 3.2 per cent to 2021 due to increased demand in Asia, the Middle East and Russia.

Higher carbon prices in Europe have also provided some support for gas over coal.

However, the sluggish aviation sector means that oil’s rebound will be sluggish compared to its compatriots with the IEA flagging that despite a 6 per cent increase over 2020 levels, demand will remain 3.2 per cent below 2019 levels.

And the winner is …
 

Renewable energy. Were you expecting something else?

The share of renewable energy in electricity generation is expected to increase to almost 30 per cent in 2021, its highest share since the beginning of the Industrial Revolution and up from less than 27 per cent in 2019.

According to the IEA, long-term contracts, priority access to the grid, and continuous installation of new plants underpinned renewables growth despite lower electricity demand, supply chain challenges, and construction delays in many parts of the world.

Renewable energy demand is responsible for wind taking the lead, with capacity expected to grow almost 17 per cent.

renewable energy
Renewable electricity generation increase by technology, country and region, 2020-2021. Pic: IEA

Here’s how a basket of ASX stocks with exposure to oil, gas, uranium and coal are performing>>>

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE COMPANY Price 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % 1 WEEK RETURN % MARKET CAP
OXX Octanex Ltd 0.075 341 477 525 108 $18,697,435.68
LIO Lion Energy Limited 0.061 110 336 259 61 $13,273,714.56
LCK Leigh Crk Energy Ltd 0.225 36 137 137 36 $141,889,181.28
NAE New Age Exploration 0.025 85 67 1150 32 $30,488,572.75
TEG Triangle Energy Ltd 0.032 0 0 28 23 $16,139,850.51
88E 88 Energy Ltd 0.026 -16 333 333 18 $251,321,808.62
BAS Bass Oil Ltd 0.0035 17 133 250 17 $11,697,490.34
BLZ Blaze International 0.03 11 -14 233 15 $7,350,000.00
PH2 Pure Hydrogen Corp 0.265 2 231 342 15 $83,529,867.06
STX Strike Energy Ltd 0.37 16 52 198 15 $691,192,178.25
GGX Gas2Grid Limited 0.0045 13 125 350 13 $8,006,204.16
ICN Icon Energy Limited 0.017 0 -23 113 13 $10,159,317.95
PRM Prominence Energy NL 0.02 43 233 157 11 $12,702,013.51
WEL Winchester Energy 0.021 -5 -19 24 11 $15,894,032.40
EME Energy Metals Ltd 0.17 -13 70 21 10 $35,646,163.04
OEX Oilex Ltd 0.0055 120 175 175 10 $23,700,709.84
ADD Adavale Resource Ltd 0.061 22 79 239 9 $16,922,025.71
AUH Austchina Holdings 0.013 9 200 500 9 $19,609,492.33
TOE Toro Energy Limited 0.024 -11 33 200 9 $67,938,870.14
MCM Mc Mining Ltd 0.14 27 40 -10 8 $21,618,737.70
GRV Greenvale Mining Ltd 0.23 28 360 1196 7 $86,720,309.98
MEY Marenica Energy Ltd 0.145 4 63 113 7 $30,141,361.85
GEV Global Ene Ven Ltd 0.105 9 15 75 6 $47,472,413.42
CRM Carbon Minerals Ltd 0.39 20 -3 15 5 $6,957,292.41
DOR Doriemus PLC 0.065 5 44 117 5 $3,594,953.75
HCD Hydrocarbon Dynamic 0.022 -4 -24 47 5 $9,686,382.33
MAY Melbana Energy Ltd 0.022 0 69 529 5 $48,653,879.65
NGY Nuenergy Gas Ltd 0.044 -4 267 300 5 $65,162,041.87
VEA Viva Energy Group 1.87 4 13 32 5 $2,958,055,110.48
BOE Boss Energy Ltd 0.14 -10 126 126 4 $318,958,682.84
HE8 Helios Energy Ltd 0.14 -18 -10 57 4 $230,223,318.64
IKW Ikwezi Mining Ltd 0.28 -10 -44 180 4 $11,381,992.72
PEN Peninsula Energy Ltd 0.13 18 110 -16 4 $107,202,195.00
SAN Sagalio Energy Ltd 0.026 -21 86 1200 4 $5,321,163.38
WGO Warrego Energy Ltd 0.235 4 18 96 4 $227,050,387.54
AGE Alligator Energy 0.0155 -3 210 288 3 $32,989,855.25
SGC Sacgasco Ltd 0.035 -56 -13 218 3 $17,189,759.63
TEK Thorney Tech Ltd 0.385 0 11 65 3 $141,099,310.56
JPR Jupiter Energy 0.047 2 12 -69 2 $7,208,751.57
BKY Berkeley Energia Ltd 0.585 -9 50 200 1 $150,209,502.00
PDN Paladin Energy Ltd 0.37 -1 205 288 1 $1,011,934,690.26
92E 92Energy 0.265 0 $11,029,200.28
ABL Abilene Oil & Gas 0.001 0 0 0 0 $397,614.35
AEE Aura Energy 0.0433 0 0 33 0 $11,316,265.56
AJQ Armour Energy Ltd 0.032 0 -26 -9 0 $45,894,483.60
BUY Bounty Oil & Gas NL 0.018 -10 38 157 0 $19,735,217.68
CCJ County International 0.004 0 0 0 0 $960,000.03
CE1 Calima Energy 0.01 0 67 100 0 $22,217,796.18
DYL Deep Yellow Limited 0.625 -6 89 140 0 $203,226,259.38
E2E Eon Nrg Ltd 0.001 0 0 0 0 $769,888.93
EER East Energy Resource 0.036 0 0 500 0 $115,235,533.26
EPM Eclipse Metals 0.019 -17 138 217 0 $33,439,180.44
FAR FAR Ltd 0.011 0 0 -21 0 $109,767,132.17
FDM Freedom Oil Gas 0.011 0 0 0 0 $11,847,248.07
GGE Grand Gulf Energy 0.013 8 63 333 0 $4,604,993.74
GLV Global Oil & Gas 0.023 -21 77 128 0 $17,563,878.82
IEC Intra Energy Corp 0.009 29 -10 80 0 $3,579,516.27
KLR Kaili Resources Ltd 0.026 0 -35 -28 0 $3,832,409.44
LKO Lakes Blue Energy 0.0015 0 0 0 0 $50,687,113.44
MEU Marmota Limited 0.044 5 -8 26 0 $42,615,482.36
MHC Manhattan Corp Ltd 0.014 -7 -52 100 0 $22,894,180.40
MMR Mec Resources 0.004 0 0 0 0 $2,737,819.70
NSE New Standard Energy 0.004 0 0 0 0 $3,554,995.46
NZO New Zealand Oil&Gas 0.385 -8 -41 -14 0 $63,305,826.43
OEL Otto Energy Limited 0.01 11 0 54 0 $52,745,107.50
PGY Pilot Energy Ltd 0.082 0 148 583 0 $17,905,770.76
PNL Paringa Resources 0.041 0 0 0 0 $25,944,078.11
PSA Petsec Energy 0.021 0 0 0 0 $8,580,346.40
RES Resource Generation 0.064 0 0 28 0 $37,208,341.63
REY REY Resources Ltd 0.27 4 17 26 0 $57,220,435.53
RMP Red Emperor Resource 0.017 0 13 113 0 $8,929,977.19
ROG Red Sky Energy. 0.01 150 500 1100 0 $41,682,799.77
STO Santos Ltd 7.02 -2 37 62 0 $14,456,478,324.54
TDO 3D Oil Limited 0.06 -2 3 0 0 $15,911,302.32
TNP Triple Energy Ltd 0.025 0 0 150 0 $1,799,901.35
VMY Vimy Resources Ltd 0.115 -8 259 140 0 $108,887,622.01
GAS State GAS Limited 0.525 -8 -8 46 -1 $95,167,767.75
ORG Origin Energy 4.07 -14 -4 -18 -1 $7,256,189,612.52
WPL Woodside Petroleum 23.06 -6 28 14 -1 $22,017,800,395.10
ALD Ampol Limited 25.31 1 -2 11 -2 $6,026,660,083.71
TER Terracom Ltd 0.095 10 -37 -5 -2 $72,346,332.48
COI Comet Ridge Limited 0.065 -4 -19 -24 -3 $48,263,914.86
EEG Empire Energy Ltd 0.33 -8 -18 83 -3 $119,876,068.29
GLL Galilee Energy Ltd 0.775 1 9 85 -3 $227,350,628.12
HZN Horizon Oil Limited 0.087 4 58 78 -3 $111,032,773.62
KAR Karoon Energy Ltd 1.16 9 37 125 -3 $639,461,618.57
OSH Oil Search Ltd 3.8 -10 35 46 -3 $7,729,604,470.08
VMX Valmec Limited 0.29 -8 45 81 -3 $36,506,132.35
ZEL Z Energy Ltd. 2.39 -10 -14 -20 -3 $1,249,144,447.20
BMN Bannerman Resources 0.13 -4 271 217 -4 $154,587,911.14
BRK Brookside Energy Ltd 0.024 26 380 500 -4 $63,321,618.39
BYE Byron Energy Ltd 0.13 -7 -24 -4 -4 $135,238,363.26
CTP Central Petroleum 0.12 -4 4 58 -4 $86,891,239.32
CUE CUE Energy Resource 0.064 -3 -64 -22 -4 $45,377,781.80
KKO Kinetiko Energy Ltd 0.125 -11 52 525 -4 $73,521,338.13
MEL Metgasco Ltd 0.024 -8 18 46 -4 $13,741,235.60
BPT Beach Energy Limited 1.68 -6 31 26 -5 $3,787,013,868.96
MRM MMAOffShor 0.315 -2 -19 -34 -5 $107,798,470.80
SXY Senex Energy Limited 3.09 10 29 93 -5 $572,569,735.92
VEN Vintage Energy 0.058 -13 0 52 -5 $33,291,821.59
ANA Ansila Energy 0.0255 16 -29 325 -6 $46,244,303.15
FZR Fitzroy River Corp 0.15 15 13 -12 -6 $17,272,680.16
HPR High Peak Royalties 0.065 18 14 8 -6 $13,037,991.53
MCE Matrix C & E Ltd 0.145 12 -6 -26 -6 $14,836,607.21
WEC White Energy Company 0.099 -18 -18 22 -6 $75,898,914.46
ACB A-Cap Energy Ltd 0.052 -13 160 189 -7 $45,338,013.03
CVN Carnarvon Petroleum 0.265 0 10 66 -7 $422,652,577.59
LAM Laramide Res Ltd 0.56 -13 60 124 -7 $666,632.40
RNU Renascor Res Ltd 0.084 -44 740 1100 -7 $149,983,837.03
SMR Stanmore Coal Ltd 0.7 -8 -5 -30 -7 $179,820,216.77
CXU Cauldron Energy Ltd 0.037 -5 -5 54 -8 $16,723,981.94
FPL Fremont Petroleum 0.0055 83 83 83 -8 $32,749,587.64
NWE Norwest Energy NL 0.0055 -8 38 83 -8 $30,440,660.46
PVE Po Valley Energy Ltd 0.035 17 25 -20 -8 $22,655,013.61
TOU Tlou Energy Ltd 0.055 -13 -24 -30 -8 $33,010,947.15
TSC Twenty Seven Co. Ltd 0.0055 10 -21 -8 -8 $11,707,034.07
XST Xstate Resources 0.0055 -58 83 450 -8 $13,447,937.58
YAL Yancoal Aust Ltd 2.08 -9 5 -1 -8 $2,772,922,817.70
EDE Eden Inv Ltd 0.032 -11 33 -6 -9 $68,569,127.48
ATS Australis Oil & Gas 0.044 -17 69 52 -10 $55,106,327.85
TMK Tamaska Oil Gas Ltd 0.009 0 50 50 -10 $8,460,000.00
ZEU Zeus Resources Ltd 0.028 -24 40 460 -10 $5,224,350.00
AFR African Energy Res 0.016 -6 -20 -20 -11 $9,967,370.08
BNL Blue Star Helium Ltd 0.034 3 -3 750 -11 $43,157,202.03
BRU Buru Energy 0.195 26 107 135 -11 $84,254,477.00
ERA Energy Resources 0.205 -15 32 24 -11 $738,276,639.60
IPB IPB Petroleum Ltd 0.034 3 17 143 -11 $9,753,065.51
IVZ Invictus Energy Ltd 0.17 17 183 795 -11 $92,253,471.59
NHC New Hope Corporation 1.14 -17 5 -20 -11 $978,019,571.35
ENX Enegex Limited 0.11 55 64 2477 -12 $15,873,271.04
KEY KEY Petroleum 0.0035 -13 -30 75 -13 $6,887,748.44
WBE Whitebark Energy 0.0035 -13 17 -7 -13 $14,220,939.43
ADX ADX Energy Ltd 0.009 -18 80 80 -14 $25,417,614.72
COE Cooper Energy Ltd 0.255 -7 -25 -35 -14 $432,221,917.83
POW Protean Energy Ltd 0.012 0 56 290 -14 $7,807,355.56
DEV Devex Resources Ltd 0.26 16 27 163 -16 $80,556,344.40
WHC Whitehaven Coal 1.23 -30 24 -30 -16 $1,290,805,290.00
EXR Elixir Energy Ltd 0.375 7 200 1342 -17 $301,513,708.92
PCL Pancontinental Oil 0.0025 25 150 150 -17 $12,013,430.97
TPD Talon Petroleum Ltd 0.009 13 200 800 -18 $53,734,855.73

 

Small cap energy plays

Lion Energy (ASX:LIO) +61%

Green hydrogen is the in thing at the moment, so when Lion announced that it was entering the space, its shares rocketed.

The company will raise $2.8 million to explore opportunities in green hydrogen in Australia as well as on Seram Island Indonesia where it currently has oil interests.

Triangle Energy (ASX:TEG) +23%

After months of uncertainty relating to alternatives for the processing of crude oil from its Cliff Head oil field in Western Australia, Triangle has reached an agreement to store crude at BP’s Kwinana Facility.

It has also reached a non-binding agreement with BP Singapore for an offtake agreement for its product.