Chinaâs shift to green energy has made a huge contribution to reducing the countryâs dependence on imported fossil fuels, write researchers John A. Mathews and Xin Huang. But for Chinaâs renewables revolution, the world would have faced potentially catastrophic geopolitical tensions over oil and gas. Courtesy John Mathewsâ Global Green Shift blog. … [Read more...]
As the energy potential of the Eastern Mediterranean grows, so does the potential for conflict
The United States and the European Union should play a more proactive role in defusing the growing tensions over energy resources in the Eastern Mediterranean, writes David Koranyi of the Atlantic Council Global Energy Institute. … [Read more...]
Whatâs behind Gazpromâs decision to cut off supply to Ukraine
Gazpromâs announcement that it would terminate gas supply to Ukraine has been a shock to many observers, but it is not as radical nor as surprising as it may seem, writes Anna Mikulska of the Center for Energy Studies at Rice Universityâs Baker Institute for Public Policy. It will only become effective in 2019 and is consistent with the companyâs earlier announcements and long-term plans. Nevertheless, Mikulska adds, there is reason for the EU to … [Read more...]
A grand bargain with Gazprom?
Can Europe, including the Eastern part, continue to profit from cheap Russian gas without succumbing to Russian energy dominance? According to a new paper from the Oxford Institute for Energy Studies (OIES), the EU should not shy away from âcountervailing measuresâ. But these should preferably take the form of a âgrand bargainâ with Russia rather than a confrontation. … [Read more...]
Gazpromâs toughest competitors may be from⌠Russia
Much of Gazpromâs future prosperity depends on whether it can defend its position domestically, writes Anna Mikulska of the Kleinman Center for Energy Policy at the University of Pennsylvania and the Baker Instituteâs Center for Energy Studies. Companies such as Russian Rosneft and Novatek have pushed for some time to weaken the company's export monopoly. … [Read more...]
Why the next oil boom will be fueled by blockchain
In a globally connected economy, the impact of transitioning to blockchain technology will be profound and will likely turn any industry on its head, writes Meredith Taylor of Oilprice.com. Companies in the oil and gas industry, such as Shell, BP or Petroteq, are planning to utilize blockchain to transform energy trade and revolutionize supply chain management. Courtesy Oilprice.com. … [Read more...]
U.S. energy dominance: markets trump policy in 2017
The 2017 growth in U.S. oil and gas industry is tied to market forces and already existing liberal trade policies; energy-specific policies introduced by the current administration were not a significant driver, write Anna Mikulska and Michael Maher of the Baker Instituteâs Center for Energy Studies. The authors expect that federal energy policies will continue to play a supporting but subordinate role to markets and state-level policies, and see … [Read more...]
UKâs capacity market: billions of pounds wasted
Britain has chosen to secure electricity supplies through a scheme which pays power plants to be available several years in advance, but falling prices suggest this capacity market is overkill and poor value for money, with ample alternative approaches, writes energy finance consultant Gerard Wynn. Courtesy Energy and Carbon blog. … [Read more...]
Meet the new ârenewable superpowersâ: nations that boss the materials used for wind and solar
Countries that create green energy infrastructure now, before political and economic control shifts to a new group of ârenewable superpowersâ, will be less susceptible to outside influence in the future, writes Andrew Barron, a professor of Swansea University. Article courtesy The Conversation. … [Read more...]
BP: oil and gas resilient to âfaster transitionâ â until 2040
Whatever happens â oil and gas will be needed in 2040 in at least the same quantities as today. That was a key message conveyed by BPâs Chief Economist Spencer Dale on Tuesday when he presented the 2018 edition of the BP Energy Outlook in London. Energy Post editor-in-chief Karel Beckman discusses Daleâs findings and wonders: what about Beyond 2040? … [Read more...]
The militarization of U.S. energy policy: Donald Trump enlists fossil fuels in the struggle for global dominance
As the recently published National Security Strategy shows, Donald Trump has turned the expansion of the U.S. fossil fuel industry and its exports into a major component of American foreign and security policy, writes energy expert and author Michael T. Klare. In the view of the Trump administration, anyone that stands in the way of American exploitation of oil, gas and coal resources is viewed as an obstructer of the national interest, notes … [Read more...]
The EU wants to fight climate change â so why is it spending billions on a gas pipeline?
By funding the Trans Adriatic Pipeline (TAP), the European Investment Bank (EIB) is hardly signalling to the private sector that governments are committed to a green energy transition, writes Aled Jones, Professor and Director at the Global Sustainability Institute of  Anglia Ruskin University. Article courtesy The Conversation. … [Read more...]
Rapid wind and solar cost declines keep pushing fossil fuels out. How far can they go?
Rapid cost declines made renewable energy the United Statesâ cheapest available source of new electricity, without subsidies, in 2017, writes Silvio Marcacci of think tank Energy Innovation. In many parts of the U.S., building new wind is cheaper than running existing coal, while nuclear and natural gas arenât far behind, notes Marcacci. As renewable energy costs continue their relentless decline, they keep pushing fossil fuels further from … [Read more...]
Spainâs energy regulator rejects government plan to prop up coal
Spainâs energy regulator has rejected an attempt by the government to prop up the nationâs oldest and most polluting coal power plants, stating that Spainâs massive overcapacity means it can safely close a âsignificant part of the existing coal fleetâ without undermining security of supply, write Gerard Wynn of IEEFA (Institute for Energy Economics and Financial Analysis), Paolo Coghe of Paris-based indepdent consultancy Acousmatics, and Carlota … [Read more...]
Russia starts LNG exports from Yamal â what it means for Europe
Russian company Novatek has started exporting LNG from Yamal in the Arctic. It is in many ways a game-changing project, writes Anna Mikulska of the Kleinman Center for Energy Policy at the University of Pennsylvania and the Baker Instituteâs Center for Energy Studies. It puts Russia on the map as LNG exporter, it provides a challenge to Gazprom, is a significant step in the development of the Arctic region, and it expands energy relations between … [Read more...]
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