Natural gas provides for around 25% of all energy consumed in the EU and is an established, if controversial, feature of the EU’s Roadmap to 2050. Furthermore, the majority of EU gas is imported and increasingly so. Combining those two factors, price and security of supply are the main issues for EU member states. So the rise of the LNG market, diversifying supply and introducing competition, alongside traditional, piped gas should be a welcome … [Read more...]
Sails make a comeback as shipping heads for complete decarbonisation by 2035
Last year’s ITF report asserts that an almost complete decarbonisation of shipping could be achieved by 2035 using currently known technologies. Whilst LNG is gaining momentum, hydrogen, ammonia and biofuels could be more sustainable means of delivering much of the required reductions, complemented by a mix of electronic propulsion and wind assistance. The message, according to independent journalist Eric Marx, is “Hold on. There’s a decade of … [Read more...]
Shipping: regulations facilitating switch to LNG
How do we solve shipping’s “chicken-and-egg” dilemma: LNG producers wait for enough ships to run on LNG, while shipping companies wait for producers to increase their supply? The ‘virtuous circle’ of steady growth in LNG shipping in the North Sea/Baltic Sea area can provide an important case study for the rest of the world, according to a reportby the Oxford Institute for Energy Studies. It concludes that LNG will grow as a shipping fuel … [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...]
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...]
Electric buses can save local governments billions – China’s showing how it’s done
New York, Los Angeles, San Francisco - America's largest cities are switching their entire bus fleets from diesel to electric. They will save money in the long run, but how to overcome upfront financing hurdles? According to Silvio Marcacci of think tank Energy Innovation, Shenzhen in China, which has the world's first 100% all-electric bus fleet, provides useful lessons. … [Read more...]
Why we will electrify trucking faster than you think (and it has nothing to do with Tesla)
Many people still doubt that trucks will become electrified. But according to financial energy specialist Gerard Reid, the adoption of electric vehicle technology in the freight sector will take place faster than expected. He gives four reasons why he is positive about electric trucks. Courtesy Carbon and Energy blog. … [Read more...]
Croatian LNG terminal: now or never?
If constructed, the planned Croatian LNG terminal could provide an alternative source of supply for Russian gas in Central and Eastern Europe. Yet without financial support from the region’s governments and diplomatic engagement of the US and the EU, it is unlikely to be realized anytime soon, writes David Koranyi of the Atlantic Council Global Energy Institute. … [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...]
Donald Trump versus OPEC
OPEC does have a role in today’s higher oil prices, but is this bad for the U.S., as Donald Trump is claiming? According to independent energy analyst Geoffrey Styles, in the new oil world, the U.S. economy may not be worse off with higher oil prices, even if consumers pay more at the pump. … [Read more...]
Gas Geoeconomics in Europe: make Russia a “normal” gas supplier again
To protect Europe from Russian gas coercion, the U.S. should take the unorthodox step of investing in European gas infrastructure, write Gabriel Collins and Anna Mikulska of the Baker Institute’s Center for Energy Studies. Such a "geoeconomics-based strategy" would help blunt and deflect the Kremlin’s gas wedge. … [Read more...]
Poland’s love affair with coal: can the EU do anything about it?
The Polish government’s strong commitment to coal goes against EU policy direction and against market conditions, write Anna Mikulska of the Baker Institute’s Center for Energy Studies and Eryk Kosinski of Adam Mickiewicz University. But coal has a special place in the nation’s collective heart. To wean Poland off coal will require EU support to coal-dependent regions and for alternative energy sources, the authors argue. … [Read more...]
Can the U.S. break Russia’s gas monopoly In Europe?
The U.S. government has said it considers "sending energy supplies" to Eastern Europe to contain Russian influence. But challenging Russia’s dominance in European gas markets won't be easy, writes Tim Daiss of Oilprice.com. Russia already supplies nearly 40 percent of the continent’s gas, and its position may further be secured when the Nord Stream 2 gas pipeline is completed. … [Read more...]
Japan’s new energy strategy should boost both renewables and nuclear power
Japan needs both renewables and nuclear energy in its energy mix to reduce dependence on imports and lower greenhouse gas emissions, writes David Livingston of the Atlantic Council Global Energy Center. According to Livingston, it is in the interest of the international community that the country's new energy strategy, which is expected in the middle of this year, should boost their share in the energy mix. … [Read more...]
Gazprom’s toughest competitors may be from… Russia
Much of Gazprom’s 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 Institute’s 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...]
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