By Javier Cavada, president & CEO EMEA at Mitsubishi Power
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From now to 2050, global electricity demand is set to double from current levels. At the same time, the world must reduce carbon emissions to make progress towards net zero. If we are to do this, the most pragmatic step we can take is to respond to the demand for power by building new plants while simultaneously decarbonising our existing energy infrastructure.
Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices.
Singapore will target net-zero emissions by 2050 and is bolstering its short-term climate goals even as the city-state acknowledges it faces challenges to shift to cleaner energy sources.
Hydrogen will not have a major role in the future of heating homes across the UK, according to a new review of more than two dozen independent studies.
Russian gas giant Gazprom has declared force majeure on several European natural gas buyers - a move that may signal it intends to keep supplies capped, reinforcing Russia’s grip on the region’s energy.
Europe will need to ration natural gas to meet winter heating demand if the Nord Stream pipeline doesn’t restart after planned maintenance, according to Ineos Group.
Industry leaders delivered what they termed “uncomfortable truths” on the use of natural gas in the UK at a major renewables and low-carbon industry event this week.
It is full steam ahead for Aberdeen-headquartered Kellas Midstream as it plans to push on with a £750 million investment for a major blue hydrogen project.
“Scotland will become the offshore wind capital of the world, I think that’s inevitable,” says Martin Dronfield, chairman of the East of England Energy Group (EEEGR), "but the East of England can and will become the integrated energy exemplar in the UK.”
Putting the latest failed energy supplier under a “special” administration will help to avoid a further collapse at another supplier, a Scottish insolvency expert has said.
Harland & Wolff has been given the green light to push ahead with a “vital” gas storage project that could help to ensure security of supply in the UK.
Whatever message is drawn, the current explosion of interest in energy policy should ensure that realism impinges upon the rhetoric which will accompany COP26. Virtue alone does not keep the lights on.
European energy prices soared to fresh records amid worsening fears over supply, with UK natural gas futures exceeding the threshold of 300 pence a therm for the first time ever.
Energy majors, including Chevron, ExxonMobil, JERA, JGC, Mitsubishi Heavy Industries, Santos and SK E&S, are banding together to help nations in Asia achieve lower carbon emissions by promoting natural gas. Together they have established an advocacy group called Asia Natural Gas and Energy Association (ANGEA) that will join with policymakers to find solutions to cut carbon emissions.