The time for doubt is past. The US is well on its way to becoming a major LNG exporter – on a scale to rival Qatar and Australia. Export capacity could exceed 100 million tonnes per year by the early 2020s – 40% of the current global market. The US Department of Energy certainly seems to think so. The implications of this are profound: for US gas consumers, for natural gas markets around the world, and for proposed LNG export projects elsewhere. … [Read more...]
How does Alexey Miller look at the world? This is how
On 7 October Gazprom CEO Alexey Miller made a remarkable speech at the IV St. Petersburg International Gas Forum on the global gas industry. We reproduce the main points from his speech. They include some highly significant and contrary statements, which we have highlighted for you. Alexey Miller, Gazprom CEO: We believe that by the year 2050 natural gas will represent one third of the global energy mix and that the production volumes … [Read more...]
Fed up with federal inaction, States in US and Canada act alone on cap-and-trade
While the EU is discussing the introduction of a Market Stability Reserve to invigorate its moribund Emission Trading Scheme (ETS), States in the US are forging ahead, creating their regional emission trading schemes, writes Nick Cunningham of Oilprice.com. They may even manage to forge a national scheme. … [Read more...]
Carefully prepared Cañete dogged by conflict of interest
The candidate for EU Climate and Energy Commissioner, Miguel Arias Cañete from Spain, demonstrated an impressive grasp of his subject matter at his hearing at the European Parliament on Wednesday night in Brussels. But he failed to answer repeated questions about his brother-in-law’s involvement in two oil-related companies. Today, his future hangs in the balance as he becomes a hostage in a fight between the Parliament’s different political … [Read more...]
German lignite thrives on policy ambivalence
Germany has justly become world famous for its Energiewende. What is less well known is that the German lignite industry is continuing to wreak its environmental havoc on a large scale. On the basis of current German energy policies, writes Jeffrey Michel, there is no “lignite Ausstieg” in sight. … [Read more...]
“Everything depends on how much more Europeans are ready to pay for alternative sources of gas”
When he passed through Brussels recently, Russian researcher Andrei Belyi gave Energy Post his analysis of the crisis between Moscow and Brussels. For him, it’s a lose-lose situation, because he doubts the European sanctions will make Russia change tack on Ukraine, even if they are costing Moscow influence at international level, especially in negotiations with China. At the same time he questions whether European are prepared to pay for … [Read more...]
Winter gas supply crunch in Europe unlikely, experts say
Major investment in European gas storage, transmission and emergency planning make a repeat of the 2009 gas shock unlikely this winter, market observers say, even if Russia trims exports to retaliate against western sanctions. That should be comforting news to EU Energy Commissioner Günther Oettinger, who is meeting with energy ministers from Ukraine and Russia (Yuriy Prodan and Alexander Novak) on Friday in Berlin. But analysts do caution that … [Read more...]
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