The European Commission sees natural gas play a critical role in the energy transition to 2035, but beyond that its views on the role of gas are much less clear. Simon Blakey, analyst at IHS Markit, does not believe that renewables can be ramped up quickly enough to replace coal generation. Jonathan Gaventa of think tank E3G argues gas has no place in the energy mix by then, unless it is decarbonized. Energy Post editor Jason Deign spoke to both … [Read more...]
DNV GL’s Energy Transition Outlook shows massive shift of investment from oil and gas into power lines
The global energy transition will lead to a massive expansion of power lines at all voltage levels as well as a steep growth in the number of transformers and substations in the electricity system. This is one of the major new findings of the second edition of the Energy Transition Outlook, the annual flagship publication of global technical consultancy DNV GL. As a result, grid costs will triple, yet this cost explosion is offset by cost … [Read more...]
OPEC? NOPEC! What makes Putin’s vision of a Russian-US oil alliance a pipedream
U.S. president Trump, who wants the U.S. to become a dominant oil and gas supplier to the world, regards Russia as “competitor”, though he sees that as “a compliment”. Russian president Putin has said he would like to “work together” with the U.S. to forge an OPEC-like alliance. Anna Mikulska, a fellow at the Baker Institute’s Center for Energy Studies and at the University of Pennsylvania's Kleinman Center for Energy Policy, explains why such an … [Read more...]
The irony of Italy’s election for energy
Should the Italian government decide to halt the Trans Adriatic Pipeline (TAP), the last leg of the Southern Gas Corridor - meant to reduce the EU's dependence on Russia - may be in jeopardy, writes John Roberts, a senior fellow with the Atlantic Council Global Energy Center. Ironically, the Russians may want to save the project, according to Roberts. Courtesy: the EnergySource blog of the Atlantic Council. … [Read more...]
Has the European Commission tamed the Russian gas bear?
The European Commission’s decision on 24 May to impose “binding obligations on Gazprom to enable free flow of gas at competitive prices” – but no fine – is seen by some observers as a victory for Gazprom. Others take a more positive view. Meanwhile, a new report from IHS Markit claims Europe is on the point of becoming fully integrated into the global gas market, making worries about dependence on Russian gas – and Nord Stream 2 – unnecessary. … [Read more...]
Commission’s gas market proposal is an attempt to gain more control of energy policy
The European Commission’s proposed amendment to the Gas Directive is viewed by many as an attempt to block Nord Stream 2. But according to Danila Bochkarev, Senior Fellow, EastWest Institute, the Commission is thinking further ahead: it is using the proposal to try to increase its power over the EU energy market. … [Read more...]
China’s growing oil demand creates a new geopolitical dilemma
China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as it seeks to quench its thirst for oil and gas, writes Tim Daiss of Oilprice.com. The country, mighty as it is, will become more dependent on OPEC, Russia - and even the U.S. Article courtesy Oilprice.com. … [Read more...]
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