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...]
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...]
UK offers green assurances for no-deal Brexit
The UK government says its environment and energy rules will remain in step with the EU’s even if it makes a hard, no-deal exit next year. Time, however, is running short, writes Sara Stefanini. Courtesy Climate Home News. … [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...]
Tipping point: new wind and solar competitive with existing coal and gas
€20/ton carbon prices in combination with high coal and gas prices have created a new tipping point in Europe, writes Dave Jones of UK-based think tank Sandbag. For the first time, new onshore wind and solar can compete with existing coal and gas plants. … [Read more...]
The US natural gas industry is leaking way more methane than previously thought
How big is the methane problem? A five-year research effort shows it’s much bigger than has been assumed so far, write Anthony J Marchese and Dan Zimmerle of Colorado State Universtiy. They add that if the problem is not tackled, the climate benefits of gas will largely evaporate. Technology is not the bottleneck, though – the government will have to adopt the right regulations. Courtesy The Conversation. … [Read more...]
Ukraine has made great progress in reforming the gas sector – but its fate still hangs in the balance
Natural gas still plays an outsized role in Ukraine’s energy mix – and it will continue to do so for many decades to come, writes Jakub Kucera, economic analyst at RSJ, a Prague-based investment company. Kucera explains the many formidable challenges Ukraine is facing in the gas sector and their profound impact on the European energy market. He concludes that Ukraine has made admirable progress in cleaning up the gas sector. Unfortunately, … [Read more...]
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