BBC.COM

Energy security threatened by rising tensions, says IEA report.

    

The International Energy Agency's latest World Energy Outlook says the increased market turmoil comes as global energy demand is set to soar.

The US shale boom provided "breathing space" but "little reassurance", the report said.

The Paris-based IEA advises developed nations on energy policy and strategy.

The report estimates that energy demand will rise by 37% by 2040. While there are adequate global resources available, it will require political action and significant investment to meet the demand, the IEA said.

However, one major concern is that growing conflicts could limit supply, notably in the Middle East and especially Iraq, as well as in Ukraine.

MORE INFORMATION:http://www.bbc.com/news/business-30021824