After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure thatâs essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]
Chinaâs 14th Five-Year Plan will reshape its growing Gas sector
Demand for natural gas in China is set to continue its rise, increasing by 7% to 9% annually to reach up to 500 bcm by 2025, explains Sylvie Cornot-Gandolphe at the IFRI Centre for Energy & Climate. Domestic gas production has continued its significant growth too, driven by a surge in shale gas. Even then, gas imports â both pipeline and LNG - should increase to fulfil the rising supply/demand gap. This growing importance of gas in the energy … [Read more...]
Imported U.S. LNG: whatâs its true climate footprint?
Importing LNG from the U.S., to replace coal, makes sense for Europe only if the total emissions including those throughout the chain of production are lower than the alternatives. Julian Wettengel at CLEW looks at reports that say the total methane emissions from the worldâs largest oil and gas field â the Permian Basin in West Texas â are particularly high and may push it over that threshold. Flaring, venting and leakage are the main cause. … [Read more...]
Allam Cycle carbon capture gas plants: 11% more efficient, all CO2 captured
Globally, carbon capture is making precious little progress. Is the Allam Cycle natural gas power plant an important step forward? David Yellen at the Atlantic Council Global Energy Center explains that, according to its designers, its energy conversion efficiency is 59%, 11% more than a standard combined-cycle gas turbine plant thatâs carbon capture-equipped. It also captures 100% of the CO2, 10% more than the standard. NET Power plans to bring … [Read more...]
Oil & Gasâs future: diversify into clean electricity, new fuels, says IEA
The oil and gas industry is not doing nearly enough to meet Transition targets, says the IEA. Only 1% is invested in non-core activities. That needs to rise to 15% within 10 years. The IEAâs article summarises their comprehensive report âThe Oil and Gas Industry in Energy Transitionsâ, released this month. It explains how the industryâs existing skills and âdeep pocketsâ make them ideally placed to invest in low-carbon fuels (Hydrogen, … [Read more...]
The rapid liberalisation of Chinaâs domestic gas market
Chinaâs coal-to-gas ambitions are driving big changes to its internal gas markets, says a report âChinaâs Quest for Blue Skies: The Astonishing Transformation of the Domestic Gas Marketâ by the IFRI Centre for Energy & Climate, authored by Sylvie Cornot-Gandolphe. To cope with a doubling of gas demand by 2030, market reforms are liberalising the downstream gas market. Nobody wants a repeat of the winter shortages of 2017-18. And air … [Read more...]
TurkStream disruption: Turkey, Greece can become new gas hubs
For over 30 years the Trans-Balkan pipeline has been used to pump Russian gas to southeast Europe. But Russiaâs construction of the new TurkStream pipelines can open the door for the Trans-Balkan to be re-purposed, explains Aura Sabadus writing for the Atlantic Council. Going forward, LNG can be imported into Turkey and Greece and pumped back up the same pipes to serve the region, reducing dependence on Russian gas. However, such a plan would … [Read more...]
EU policing of Member State gas plans not consistent
Elisa Giannelli at E3G explains why the European Commissionâs assessment of Member Statesâ natural gas plans is not consistent, on three fronts. Firstly, with its own EU climate targets: many nations are planning to increase their consumption of and investment in gas regardless of EU-wide targets to cut emissions. Secondly, the Commission is critical of some of these nations but actually supportive of others. Thirdly, even the EUâs own policies … [Read more...]
IEA: Big energy firms cannot ignore the Transition
Alessandro Blasi and Alberto Toril of the IEA look at how oil and gas majors are still investing very little - of the order of a single percentage point - in clean energy projects. What they are doing in response to new anti-fossil climate policies is increasing investment in short cycle projects that generate cash and returns quickly, minimising risk. This is a questionable strategy, given the fundamental shift away from thermal power and fossil … [Read more...]
UN climate summit: which nations are leading, which failing
Ahead of the UN climate summit in New York on September 23rd, where countries are expected to set themselves more ambitious targets and roadmaps than they did in Paris in 2015, Bill Hare of Climate Analytics looks at the emissions league table. There are some surprises at the top: Ethiopia, Morocco and India, though he points out being at the top can still be a long way from doing enough to meet the 1.5â goal. At the bottom are Australia, the … [Read more...]
Chinaâs quest for gas security is reshaping the global LNG market
In just two years, China has become the worldâs top gas importer and should soon become the largest importer of Liquefied Natural Gas (LNG). But that growing import dependency, domestic winter supply concerns, and the trade war with the U.S. means the Chinese government is reinforcing its gas supply policy, says a report "Chinaâs Quest for Gas Supply Security: The Global Implications"Â by the IFRI Centre for Energy & Climate, authored by … [Read more...]
EU gas market: what Chinaâs tariffs on US LNG could mean for Europe
Natural gas provides for around 25% of all energy consumed in the EU and is an established, if controversial, feature of the EUâs 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 yearâs 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 âHold on. Thereâs a decade of … [Read more...]
Shipping: regulations facilitating switch to LNG
How do we solve shippingâs âchicken-and-eggâ dilemma: LNG producers wait for enough ships to run on LNG, while shipping companies wait for producers to increase their supply? The âvirtuous circleâ 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 gasâs role in tomorrowâs electricity systems is being debated in Europe, the gas industry is busy dealing with growth in emerging energy markets. That doesnât mean itâs 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...]
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