The U.S. will take the lead in offering flexibility and security of supply to the global gas market, and at prices linked to its wholesale gas market, the most liquid in the world, argue Kong Chyong and Ira Joseph at the Center on Global Energy Policy. It’s because the U.S. leads in the three key sources of gas trade flexibility, critical to meeting unexpected supply and demand gaps: natural gas storage systems, spare capacity in production and … [Read more...]
Lookahead to 2024 27-nation EU Parliamentary elections: will ambitious climate policies win or lose votes?
In June next year Europeans from 27 nations will elect a new EU Parliament that will shape the bloc’s energy and climate policy in the years leading to the 2030 climate target deadline. It’s not clear whether rising prices, energy security and heatwaves will steer votes towards parties pushing for more rapid decarbonisation, or whether the cost and disruption of transition will do the exact opposite. At the last election in 2019 climate concerns … [Read more...]
Europe: preventing a “carbon wall” between the West and the ten Central and Eastern EU nations
Diana-Paula Gherasim at the IFRI Centre for Energy & Climate summarises her 36-page data-rich report on the progress and challenges for the ten Central and Eastern EU (CEECs) countries in decarbonisation. The Russian invasion of Ukraine has focussed all minds on energy security and the best solutions: less fossils, efficiency gains and clean energy made in the EU. Gherasim says that vitally important progress is being made in avoiding a … [Read more...]
Germany: does the LNG infrastructure build-up deliver energy security or go too far?
A report out this month from the German government says it wants a significant “safety buffer” of new LNG import capacity, to ensure that the country - and neighbouring landlocked states - will receive sufficient supply of natural gas in the coming years. It says an overcapacity is needed in case of failures due to accidents, sabotage or other external factors not under German or EU control. Events have shown that unilateral dependencies in … [Read more...]
Will Europe now commit to long term imports of large quantities of LNG?
The EU and European nations need a more secure LNG supply strategy than just buying on the spot market where there is little control of prices and quantities. With Russian gas off the agenda for the foreseeable future, it’s LNG that’s filled the gap. But spot prices have been extremely high, and may return to the same heights. And though China’s Covid-caused drop in LNG consumption helped enable Europe to buy enough for now, that won’t be the … [Read more...]
Gas: a history of Energy Security in the EU. And what’s next post-Russia?
The security of supply of gas has been the hottest topic of the last 12 months since Russia invaded Ukraine. James Kneebone at the Florence School of Regulation (FSR) has written an explainer that lays out the EU’s history of dealing with energy security, going back to the 1990s. Because the EU has a single market for natural gas and widely shared value chains (pipelines, LNG terminals, storage, etc.), impacts are felt across the bloc. But that … [Read more...]
How Europe is countering Russia’s weaponisation of energy – CEDE 2022 event summary
Simon Göss provides a written summary of our two panel discussions held in Brussels on Thursday December 8th 2022. Panel 1 was titled “The Availability and Affordability of Gas and Energy in CEE and EU”, Panel 2 “The War in Ukraine: Security of Critical Energy Infrastructure”. The issues covered include EU policy interventions for countering the Russian weaponisation of energy, cooperation with Ukraine, how far is Europe prepared, spill-over … [Read more...]
What was Europe’s dependence on gas prior to Russia’s invasion of Ukraine?
### REGISTER NOW ### for our vitally important 2-panel event “The Energy Crisis and Russian Aggression Against Ukraine – Key Challenges for the Central European Energy Sector”, on Thursday December 8, 13:00 – 17:00 CET (Address: Rue Belliard 40, 1040 Brussels). High-profile confirmed speakers include Kadri Simson, European Commissioner for Energy, EC; Leszek JesieĹ„, Chairman of the Board, CEEP; Jerzy Buzek, MEP and former president of the … [Read more...]
Russia-Ukraine: Critical Infrastructure Protection from sabotage is an unprecedented challenge the EU must face now
### REGISTER NOW ### for our vitally important 2-panel event “The Energy Crisis and Russian Aggression Against Ukraine - Key Challenges for the Central European Energy Sector”, on Thursday December 8, 13:00 – 17:00 CET (Address: Rue Belliard 40, 1040 Brussels). High-profile confirmed speakers include Kadri Simson, European Commissioner for Energy, EC; Leszek JesieĹ„, Chairman of the Board, CEEP; Jerzy Buzek, MEP and former president of the … [Read more...]
What is the potential for offshore wind in the Baltic Sea?
What is the potential for offshore wind in the Baltic Sea? Simon Göss summarises the panel discussion that brought together Marcin Nowacki (President of the European Enterprise Alliance), Dariusz LociĹ„ski (President of the Management Board, PGE Baltica), Pierre Tardieu (Chief Policy Officer at Wind Europe), Ricardo Williams (Policy Officer for Infrastructure and Regional Cooperation at DG ENER, EC) and Pernille Weiss (MEP and ITRE committee … [Read more...]
Russia’s war is accelerating the clean energy transition, says IEA
The IEA’s World Energy Outlook 2022 is predicting that fossil fuels will peak in the next five years, “thanks to” Russia’s war and the resultant energy crisis. National climate promises are being turned into policies that improve energy security, which mostly means reducing dependence on gas. That means global energy demand growth to 2030 will “almost entirely” be met by renewables. Simon Evans at Carbon Brief takes an in-depth look at the … [Read more...]
Geopolitics and energy security require the U.S. and its allies to lead on Nuclear
Combine the current energy crisis with the geopolitical ambitions of Russia and China, and you have your reason for why the U.S. and its allies should prioritise nuclear, argues Robert Ichord at the Atlantic Council. All three nations have well-developed world-leading nuclear sectors. But it’s Russia that has been the largest exporter of nuclear reactors to the world market. Meanwhile, China has the most plants under construction at twenty. The … [Read more...]
Event Summary: “CHINA: Carbon Neutral by 2060 – The Future of Gas”
Here are the written highlights of our 2-day 4-session workshop “CHINA: Carbon Neutral by 2060 – The Future of Gas”, compiled by Helena Uhde at ECECP. Here you can quickly see the main points made by our expert panellists. Global events have made gas the hottest of issues, and the implications for both Europe and China are strongly reflected in all the sessions. The four session topics were Security of Supply, CCUS for the Gas Sector, Competitive … [Read more...]
Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience
Despite – or perhaps because of – global market and political turmoil, renewable power is set to break another record in 2022. That’s after 2021 also saw record new capacity from solar, wind and other renewables worldwide. It’s mainly driven by solar PV in China and Europe as governments around the world take advantage of renewables’ energy security and climate benefits, according to the IEA’s latest Renewable Energy Market Update. 295GW of new … [Read more...]
How could Germany wind down Russian oil imports by the end of 2022
Berlin has said that, though difficult, it could become independent of Russian oil imports by the end of 2022, with a target of halving them by the middle of the year. Kerstine Appunn at Clean Energy Wire compiles information on the practical challenges for Germany’s oil infrastructure, refineries and security of supply. Germany is serviced by three pipeline systems for the west, the east and the south of the country. But they are not connected … [Read more...]
