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Energy / Natural Gas

  • Innovation Needed To Provide Zero-Carbon Destination For Gas

    New Nature Piece Tells Us What We Already KnewUse of abundant natural gas across the globe will not “discernably reduce fossil fuel CO2 emissions,” concludes a new research letter in Nature, as increased use of natural gas can displace coal and zero-carbon sources like nuclear and solar. But, as their scenarios assume, if natural gas is the cheapest way to meet that demand growth, we shouldn’t be surprised by this result. A carbon price may help motivate us toward non-fossil sources, but such policies fall short. If natural gas is to truly become a bridge to somewhere, substantial innovation will…

  • Putin Threatens Gas Reduction To Europe

    Russian President Vladimir Putin has assured Western Europe that there won’t be any interruption of natural gas supplies from his country this winter unless Ukraine again tries to meet its own energy needs by stealing fuel from the pipeline running through its territory.“I can reassure you that there will be no crisis that could be blamed on Russian participants in energy cooperation,” the Russian leader said Oct. 16 during a visit to Serbia. He added, however, that “transit risks” are looming.“If we see that our Ukrainian partners, just like in 2008, begin removing gas without permission from the export pipeline…

  • No Shale Revolution For Europe

    It’s looking increasingly unlikely that Europe will be able to sever its reliance on Russian energy supplies by developing its own shale gas industry.For years, Poland has been regarded as the European Union’s biggest hope for developing indigenous sources of natural gas because it sits on large reserves of natural gas trapped in shale. According to the U.S. Energy Information Administration, Poland has 148 tcf (trillion cubic feet of technically recoverable shale gas reserves and 1.8 billion barrels of shale oil. By comparison, Russia has an estimated 285 tcf of shale gas. Poland represents the European Union’s best hope at…

  • Should Europe Be Concerned About Russia‚Äôs Growing Energy Relationship with Asia

    Should the West worry about Russia’s growing oil and gas exports to the Asia-Pacific region? Michael Bradshaw doesn’t think so. While Vladimir Putin may want to shift his energy business from Europe to China, Gazprom needs Western revenues to build the desired pipeline infrastructure.The 30-year gas deal between Russia’s Gazprom and China’s National Petroleum Corporation (CNCP), signed last May, for the supply of 38 billion cubic meters (bcm) of pipeline gas from 2018 onwards, marks the culmination of a decade of negotiations. Last year it was announced that everything was agreed but the price. No doubt the West’s reaction to…

  • Petronas Threatens To Scrap Canadian LNG Terminal Over Tax Rates

    A major Canadian natural gas export project could be put on ice indefinitely if British Columbia doesn’t change its tax policies.That’s the threat from CEO of Petronas, the Malaysian government-owned oil company. Shamsul Azhar Abbas said that a multibillion dollar liquefied natural gas (LNG) export terminal on Canada’s west coast would be put on hold if it didn’t get its way. Petronas is considering whether or not to build the US$ 32 billion Pacific Northwest LNG  (PNW LNG) export facility in British Columbia, but is unhappy with what it sees an unwelcoming provincial government. British Columbia has proposed a two-tier…

  • U.S. And Australia Chasing Qatar for LNG Supremacy

    Competitors in the global race to develop new liquefied natural gas (LNG) terminals have entered the final lap, and as it stands now, the United States and Australia are closing in on world-leader Qatar.While LNG exports from the Middle Eastern nation in 2012 represented a third of the market, that trend is likely to reverse in the coming decade. According to the International Gas Union, Australia is building seven LNG projects worth $200 billion, tripling its capacity to about 86 million tonnes a year, and by 2018 will overtake Qatar as the world's largest LNG exporter.The United States, however, is…

  • How An Unknown Industry Could Save Over $1.8 Billion In Wasted Natural Gas

    Can a little-known, fledgling industry make the oil and gas industry more efficient and a little less dangerous to the climate by tackling methane leakage? A new report offers a close look at the “methane mitigation industry.”The fracking boom has allowed natural gas to seriously threaten — and in many cases supplant — the dominance coal-fired power generation has held over America’s electric grid. Many people who care about climate change and air pollution have cheered this development because when burned, natural gas gives off less pollution, including carbon dioxide, than coal does.There are two problems with this narrative. The…

  • Central Asia Rues Dependency On Russian Fuel

    Weak links in Russia’s petroleum-refinery network and the Kremlin’s power play in Ukraine are shortchanging Central Asian petrol markets, importers complain. With alternatives expensive or unfeasible, and regional refining capacity severely limited, local energy executives are ruing Moscow’s traditional sway over the region’s petrol supply. Simultaneous repairs at key Siberian refineries that supply Central Asia, along with a major accident in June, have caused a spike in petrol prices in Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, all of which source their fuel from Russia.In Tajikistan, the price for 95-octane petrol produced at Gazprom’s Omsk refinery rose 38 percent this summer. In Kyrgyzstan,…

  • Utica Boosts U.S. Natural Gas Production To Record Levels

    The Utica shale formation has consistently been overshadowed by the Marcellus shale formation, which lies above it. But it is time the Utica started receiving some real attention for the incredible growth that has taken place over the last two to three years.  Source: Geology.comThe Utica lies beneath the Marcellus and expands both north and west. It is thicker than the Marcellus, averaging 300 feet, and more porous, but the total organic carbon (TOC) is generally lower. The source rock is about 100 million years older than the Marcellus and often deeper by 3,000 to 7,000 feet. The greater depth…

  • Winter Gas Supply Crunch In Europe Unlikely, Experts Say

    Major investment in European gas storage, transmission and emergency planning make a repeat of the 2009 gas shock unlikely this winter, market observers say, even if Russia trims exports to retaliate against western sanctions. That should be comforting news to EU Energy Commissioner Günther Oettinger, who is meeting with energy ministers from Ukraine and Russia (Yuriy Prodan and Alexander Novak) on Friday in Berlin. But analysts do caution that the EU’s long-term energy security rests on further market integration and diversification. Timothy Spence reports from Vienna.Jolted into action by one of Europe’s worst energy scares, infrastructure companies have invested billions…