Ukraine wants to be self-sufficient in gas by 2020, which means increasing production by 35%. A plan is in place, reforms have been made, investments have increased and an international auction for 50 mining concessions is scheduled for 2019. But, says Wojciech Konończuk of the Centre for Eastern Studies (OSW), the country will only be able to fully exploit its large gas reserves if there are more reforms, corruption is reduced and foreign money … [Read more...]
Russia’s evolving gas relationship with the European Union
Europe has long had a touchy relationship with Russia, with Europe’s dependence on Russian gas being a potentially major source of concern. But away from the rhetoric, the dependence is growing, and the question is how to diffuse tensions. Keeping Ukraine in the picture could be a key move, argues Marco Siddi, senior research fellow with the European Union Research Programme. Courtesy of the Finnish Institute of International Affairs. … [Read more...]
What is the future of coal?
It fired up the industrial age but is now condemned as a toxic pollutant. Most countries are cutting back on coal usage, but not all. Donald Trump wants to buck the trend and create jobs for miners, and Asia’s appetite for the black stuff continues to grow. Siân Bradley, from the independent policy institute Chatham House, asks if there is a future for old King Coal. … [Read more...]
Methane is a potent pollutant – let’s keep it out of the atmosphere
The US’s intended relaxation of rules for the oil and gas industry on methane emissions could to lead to more being released. Since the country’s fracking boom began, evidence of a significant increase of methane in the atmosphere has already been seen as far away as Switzerland. As well as impacting climate change, this policy change may increase pollution, and damage the health of both humans and crops, say Alastair Lewis and Lucy Carpenter. … [Read more...]
3 ways in which gas is thinking of the future
While natural gas’s role in tomorrow’s electricity systems is being debated in Europe, the gas industry is busy dealing with growth in emerging energy markets. That doesn’t mean it’s all business as usual, though. Gas sector infrastructure providers such as the Spanish firm Sener are gearing up for fuel that is more liquid, mobile and, perhaps one day, renewable. … [Read more...]
$100 oil is a distinct possibility
It wasn't long ago that blistering U.S. shale growth was thought to have given rise to lower oil prices for the foreseeable future. But there are signs this could soon change, Nick Cunningham writes. Various factors are set to result in the potential disappearance of 2 million barrels of oil a day in the fourth quarter of this year, driving prices up into the three-figure range. Courtesy of Oilprice.com. … [Read more...]
Why decarbonising gas might be harder than you think
Decarbonising the European energy system by 2050 will require a fundamental shift for the way the gas industry operates, away from business-as-usual in network planning and market design. Achieving net-zero greenhouse gas emissions in Europe, in line with the Paris Agreement on Climate Change, leaves no room for fossil gas consumption where CO2 is not captured and stored. But turning the gas industry into a zero-carbon industry is no simple task. … [Read more...]
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