The EU’s progress in reaching low coal and gas consumption in power generation in 2023 as well as highs for solar and wind electricity generation has been remarkable. The expansion of renewable energy production has not only diversified the power generation mix but also reduced dependency on imported fossil fuels. A new briefing from the … Continue reading EU solar and wind power growth displaced gas consumption worth half of Russian imports in August 2023
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Gas market is in focus and emphasises the importance of the energy transition
Vattenfall’s underlying results for the first half of the year remained unchanged from last year. In Europe there is a lot of focus on securing gas for the upcoming winter. In order to reduce fossil fuel dependency, the pace in the energy transition needs to remain high. “Turbulence in the electricity market increased in the … Continue reading Gas market is in focus and emphasises the importance of the energy transition
Continue readingDemanding energy markets
The second quarter was characterized by unprecedented market volatility, high power prices and concerns about energy supplies due to a shortage of gas supplies from Russia. “The European energy crisis has accelerated due to a shortage of gas supplies from Russia, leading to high power prices and a large increase in Statkraft’s gross revenues. However, … Continue reading Demanding energy markets
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Natural gas, the non-rechargeable battery of the present. Green hydrogen, the battery of the future
The entry into operation of the cost adjustment mechanism of RDL 10/2022 highlighted the role of the combined cycle gas turbines as a backup for renewable energies. This need of support for wind and photovoltaic energies raises the question of what is going to replace natural gas in a 100% renewable system without fossil fuels … Continue reading Natural gas, the non-rechargeable battery of the present. Green hydrogen, the battery of the future
Continue readingHow Europe can Cut Natural Gas Imports from Russia significantly within a Year
IEA provides 10-Point Plan to European Union for reducing reliance on Russian supplies by over a third while supporting European Green Deal, with emergency options to go further. Do not sign any new gas supply contracts with Russia. [Impact: Enables greater diversification of supply this year and beyond] Replace Russian supplies with gas from alternative … Continue reading How Europe can Cut Natural Gas Imports from Russia significantly within a Year
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Natural Gas Alone Can’t Solve Global Warming
President Obama says we can use natural gas to help solve the climate crisis. Multiple scientists say otherwise. The arguments have been made over and over again. Yes, natural gas burns much cleaner than coal and diesel, but there is such a high rate of methane leakage from natural gas operations that, in some cases, … Continue reading Natural Gas Alone Can’t Solve Global Warming
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BP Statistical Review shows strength of global energy system amid disruptions and shifting world economy
The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in 2013. Emerging differences in global economic performance, geopolitical uncertainty and ongoing debates about the proper roles of government and markets are all reflected in … Continue reading BP Statistical Review shows strength of global energy system amid disruptions and shifting world economy
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Is there life without Russian natural gas?
Political and economic events have always revolved around energy resources. Roughly speaking, gas and oil rule the world. In order to rectify this situation, the EU has been looking for new methods of energy production for decades. Economist Svetlana Lipin shared her views with Pravda.Ru regarding the current state of affairs in the field of … Continue reading Is there life without Russian natural gas?
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Fossil fuels dominate energy consumption
Coal, natural gas, and oil accounted for 87 percent of global primary energy consumption in 2012. The International Energy Agency predicts that by 2017 coal will replace oil as the dominant primary energy source worldwide. Global natural gas production grew by 1.9 percent in 2012, dominated by the United States (with 20.4 percent of the … Continue reading Fossil fuels dominate energy consumption
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