Tag Archives: Gas

Turning Pledgesinto Progress An accountability framework for reducingemissions from the oil and gas industry

Companies responsible for around half ofglobal oil and gas production have near zeromethane target for 2030Methane emissions and flaring are responsible for well over half of the totalgreenhouse gas emissions associated with oil and gas operations. Reducingthese emissions is an … Continue reading

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Global Gas Security Review 2024

Global gas demand in Q1-Q3 2024 grew by more than its historical average growth rateNatural gas demand returned to more pronounced growth in 2024 as markets gradually rebalanced following the 2022-23 gas supply shock triggered by Russia’s invasion of Ukraine. … Continue reading

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Photovoltaic (PV) surpasses gas and already supplies almost 10% of the electricity in mainland Spain

Renewables generated 52.1%, up to 12,202 GWh of electricity, with wind power being the first source of generation in Spain for the fourth consecutive month with 24.6% of all electricity production for the month. For their part, technologies free of … Continue reading

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Equinor’s first commercial battery storage asset begins operations

Equinor’s first commercial battery storage asset begins operations 22 January 202408:00(CET) The Blandford Road battery storage asset in the UK has come into operation. The operational phase marks an important milestone in Equinor’s ambition of delivering flexible power solutions in … Continue reading

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Alantra and Solarig close financing of €213 million for their 1.9 GW photovoltaic (PV) platform

The investment platform is made up of 50 solar plants located in southern Europe, whose development is led by Solarig. Once these facilities reach the Ready-to-Build phase, the investment vehicle N-Sun Energy, managed by Alantra Solar (partnership between Alantra and … Continue reading

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Invenergy awarded 291 megawatt wind energy contract from Hydro-Québec

Invenergy, the leading privately held global developer, owner, and operator of sustainable energy solutions, is pleased to confirm today that Hydro-Quebec has selected the Pohénégamook–Picard–Saint-Antonin–Wolastokuk 2 (PPAW 2) wind project to be developed and constructed as part of its A/O … Continue reading

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Solar photovoltaic (PV) and wind energy in the fourth week of January

European electricity market prices continued to fall due to less cold temperatures. In the fourth week of January, European electricity market prices continued the downward trend that started in the previous week. Less cold temperatures drove down demand while gas … Continue reading

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U.S. Department of Energy Announces Clean Energy Achievements at COP28

This week, U.S. Deputy Secretary of Energy David M. Turk traveled to Dubai, United Arab Emirates for the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28), where he led the U.S. energy delegation. The Department … Continue reading

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Concentrated Solar Power, photovoltaic, and wind energy in the first week of December

In the first week of December, gas prices declined, approaching levels seen in early October, before the Hamas attack on Israel. CO2 futures also declined. On December 8, they registered the lowest settlement price since October 2022. Wind energy production increased … Continue reading

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EIA expects combined U.S. solar and wind power generation to surpass coal-fired generation in 2024

The U.S. Energy Information Administration (EIA) expects, for the first year on record, combined electricity generation from wind and solar to surpass generation from coal in 2024. EIA expects solar generation in 2024 to increase 39% (228 kilowatthours) from 2023, … Continue reading

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RWE secures 684-megawatt project together with Mitsui and Osaka Gas in Japanese offshore wind energy auction

Wind farm to be located off the coast of the cities of Murakami and Tainai, Niigata Prefecture Partnership represents a strong combination of long-term expertise in offshore wind and knowledge of the local market.RWE Offshore Wind Japan Murakami-Tainai K.K. has … Continue reading

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COP28 key takeaways: The challenges in accelerating the energy transition

There’s more than one measure of success. Our team was there and witnessed an organisational triumph. The sheer scale of COP28 signalled an event of global interest – over 100,000 attended, bigger than Burning Man, compared with about 10,000 at Kyoto in … Continue reading

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Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks

Iberdrola continues to strengthen its liquidity position, confirming today that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate its leadership in sustainable financing, with the conditions of … Continue reading

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The Benefits of Offshore Wind Energy for Coastal Communities

The U.S. Department of Energy has awarded a $2.5 million grant to a team of researchers led by Oregon State University. The funding will be used to conduct a study on how coastal communities perceive and benefit from the potential … Continue reading

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Countries That Produce the Most Wind Energy

Thanks to increases in economies of scale and advances in technology, wind energy costs have become substantially more competitive. According to market research firm Lazard, the levelized cost of energy of unsubsidized wind has declined 72% from 2009 to 2021, … Continue reading

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Corporations Purchased More U.S. Clean Energy in 2022 Than Ever Before

The American Clean Power Association (ACP) released a report today that shows corporations purchased more clean energy in 2022 than any previous year. The Clean Energy Powers American Business report provides a detailed picture of how commercial and industrial (C&I) companies are driving … Continue reading

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Endesa receives the environmental impact statement for the construction of the Galatea Wind Farm in Alt Empordá

This would be the first wind farm that Endesa builds in Catalonia and one of the first to receive a favorable environmental impact declaration (DIA) after the approval of Decree-Law 16/2019 on urgent measures for the climate emergency and the … Continue reading

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Equinor and BP jointly bid into New York’s third offshore wind solicitation (NY3)

Equinor and bp today jointly bid into New York’s third offshore wind solicitation (NY3), building on their strong commitment to deliver renewable energy for New Yorkers, create sustainable jobs, boost the economy across the state, and support a just transition … Continue reading

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Enel Green Power breaks new records in 2022 in solar and wind power around the world

In 2022, Enel Green Power built 5,223 MW of renewable capacity worldwide (including 387 MW of battery storage), an increase compared to 2021, thus reaching a total managed capacity of approximately 59 GW by the end of 2022.In 2022, Enel … Continue reading

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Enel Green Power España has built 20 wind power and solar plants this year in Spain

Endesa’s renewable subsidiary, Enel Green Power España, connected 919 MW to the grid last year, mainly from 16 new solar plants and 4 wind power plants, built applying sustainability projects associated with each installation and developed from the design phase. … Continue reading

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Wind, solar power generated record 22.3% of EU’s

Wind and solar power generated a record 22.3% of the European Union’s electricity in 2022, overtaking fossil gas, with 19.9%, for the first time, according to the European Electricity Review published Tuesday by energy think tank Ember. As Europe scrambled … Continue reading

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Energy Technology Perspectives 2023

Executive summary The energy world is in the early phase of a new industrial age – the age of clean energy technology manufacturing. Industries that were in their infancy in the early 2000s, such as solar PV and wind, and … Continue reading

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Electricity Market Report 2023

Executive SummaryGlobal electricity demand growth slowed only slightly in 2022 despite energy crisis headwinds World electricity demand remained resilient in 2022 amid the global energy crisis triggered by Russia’s invasion of Ukraine. Demand rose by almost 2% compared with the … Continue reading

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Oil Market Report

One year on Nearly a year on from Russia’s invasion of Ukraine, global oil markets are trading in relative calm. Oil prices are back to pre-war levels with the exception of diesel, though even these have drifted much lower from … Continue reading

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Driving Down Coal Mine Methane Emissions A regulatory roadmap and toolkit

Executive SummaryAction to cut methane emissions from coal mines is needed in parallel with measures to reduce coal consumption. Yet global coal demand is set to rise in 2022 amid the upheaval of the energy crisis and this will have … Continue reading

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Gas Market Report,Q1-2023

including Gas Market Highlights 2022 Record high gas prices and volatility weighed on hub liquidity in 2022 Natural gas hubs enable market participants to trade gas in open, competitive gas markets. Traded products typically range from short-term contracts (e.g., within-day, … Continue reading

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Outlooks for gas markets and investment

Introduction In the midst of a global energy crisis in which shortages of natural gas have played a central role, fundamental questions are now being asked about the long-term future of natural gas. The crisis has reminded policy makers and … Continue reading

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Greece 2023 Energy Policy Review

Executive summary Greece’s energy and climate policies are centred on achieving net zero emissions by 2050 while ensuring energy security, improving economic competitiveness and protecting vulnerable consumers. The National Energy and Climate Plan (NECP), adopted in 2019, is the main … Continue reading

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Italy 2023 Energy Policy Review

Executive summaryItaly’s energy system has changed notably since 2010 and today the country’s energy mix includes more natural gas and renewable energies and less coal and oil. From a lower base than the IEA average, Italy’s energy intensity, measured by … Continue reading

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Gas Market Report,Q2-2023

Executive summaryA gradual rebalancing of natural gas markets Global gas markets moved towards a gradual rebalancing over the 2022/23 heating season, following the supply shock sparked by Russia’s invasion of Ukraine in February 2022. Spot gas prices across the key … Continue reading

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Renewable Hydrogen from Oman A producer economy in transition

Executive summary Oman is a producer economy with net zero ambitions. Hydrocarbon production has a dominant role in Oman’s economy with oil and gas representing around 60% of the country’s total export income in recent years. Currently, Oman’s energy needs … Continue reading

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Azerbaijan Energy Profile

Overview Country overview Situated in the southern Caucasus region, Azerbaijan is bordered by the Caspian Sea to the east, Armenia and Georgia to the west, the Russian Federation (hereafter, “Russia”) to the north, and the Islamic Republic of Iran (hereafter, … Continue reading

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Financing Reductionsin Oil and Gas Methane EmissionsA World Energy Outlook Special Reporton the Oil and Gas Industry and COP28

Executive summary Tackling methane emissions from oil and gas operations is one of the most important measures to limit near-term global warming. In the IEA’s Net Zero Emissions by 2050 (NZE) Scenario, energy-related methane emissions fall by around 75% to … Continue reading

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Electricity Market Report UpdateOutlook for 2023 and 2024

Executive summaryFalling electricity consumption in advanced economies weighs on global growth in power demand Global electricity demand growth is expected to ease in 2023 before accelerating in 2024. Demand is expected to grow by slightly less than 2% in 2023, … Continue reading

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Global Gas Security Review 2023Including the Gas Market Report, Q3-2023

A new global gas market is taking shape in the aftermath of the 2022 supply shock The global energy crisis triggered by Russia’s invasion of Ukraine transformed natural gas markets in a structural manner with profound implications both for policy … Continue reading

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Emissions from Oiland Gas Operationsin Net Zero Transitions A World Energy Outlook Special Report on the Oil and Gas Industry and COP28

Executive summary The production, transport and processing of oil and gas resulted in 5.1 billion tonnes (Gt) CO2-eq in 2022. These “scope 1 and 2” emissions from oil and gas activities are responsible for just under 15% of total energy-related … Continue reading

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Security of CleanEnergy Transitions

Introduction Unprecedented events – the global coronavirus pandemic (Covid-19), the climate emergency and the turbulence in global energy markets, resulting from the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine – have shocked the world in 2022. Unprecedented challenges, stemming from … Continue reading

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Global Hydrogen Review2022

Hydrogen demand is growing, with positive signals in key applications Hydrogen demand reached 94 million tonnes (Mt) in 2021, recovering to above pre-pandemic levels (91 Mt in 2019), and containing energy equal to about 2.5% of global final energy consumption. … Continue reading

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Gas MarketReport, Q4-2022including Global Gas Security Review 2022

As the summer ends in the northern hemisphere on new highs for natural gas prices and volatility, and markets brace themselves for a winter of unprecedented uncertainty of supply due to Russia’s behaviour, security of energy supply has become a … Continue reading

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Clean EnergyTransitions in theGreater Horn of Africa

The future of Africa’s energy sector is important globally. The International Energy Agency (IEA) is actively supporting evidence-based energy policy making in African countries with the aim of achieving affordable and clean energy, in line with United Nations Sustainable Development … Continue reading

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Never Too Early toPrepare for Next Winter:Europe’s Gas Balance for2023-2024

As winter approaches, a combination of favourable LNG market dynamics, robust pipeline deliveries from non-Russian suppliers, lower demand, and policy actions has given Europe a chance to sidestep some of the worst immediate impacts of Russia’s steep cuts to natural … Continue reading

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Never Too Early toPrepare for Next Winter:Europe’s Gas Balance for2023-2024

As winter approaches, a combination of favourable LNG market dynamics, robust pipeline deliveries from non-Russian suppliers, lower demand, and policy actions has given Europe a chance to sidestep some of the worst immediate impacts of Russia’s steep cuts to natural … Continue reading

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Coal in Net ZeroTransitionsStrategies for rapid, secure andpeople-centred change

As the energy sector’s single largest source of carbon dioxide emissions, coal is at the heart of the global conversation on energy and climate. Allscenarios modelled by the International Energy Agency (IEA) for the future of energy supply and demand … Continue reading

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Taiwan’s most famous building, Taipei 101, to participate in Enel X’s Virtual Power Plant (VPP)

One ofthe world’s 50 Most Influential Tall Buildings[1], Taipei 101, has signed a deal with Enel X,a leading virtual power plant (VPP) and demand response service provider, to support Taiwan’s energy transition. Enel X will integrate Taipei 101’s energy load … Continue reading

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Emergency measures should target real profits only and support investment in renewables

Emergency measures on electricity markets should be temporary. Any measures on profits should target actual profits only. And they should support the urgent need for increased investment in renewables. Governments need to help citizens and businesses deal with very high … Continue reading

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Facility for hydrogen storage up and running

SSAB, LKAB and Vattenfall’s HYBRIT pilot facility for the storage of fossil-free hydrogen gas is now in operation in Luleå. The rock cavern storage facility is the first of its kind in the world for storing fossil-free hydrogen gas. The … Continue reading

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Concentrated solar power

CSP had a global total installed capacity of 6,800 MW in 2021, up from 354 MW in 2005.[8] Spain accounted for almost one third of the world’s capacity, at 2,300 MW, despite no new capacity entering commercial operation in the country since 2013.[9] The United States follows … Continue reading

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EU’s record growth in wind and solar avoids €11bn in gas costs during war

A new study by E3G and Ember finds that wind and solar produced a quarter of EU electricity since the war began, with record growth from last year alone avoiding €11 billion in gas costs. However, the EU still spent an estimated €82 billion on fossil gas during … Continue reading

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Creating a new hydrogen economy is a massive undertaking

Interview with Barbara Jinks, Programme Officer – Green Gas delivery and Use, Innovation and Technology Centre, IRENA At the 24th Council meeting of the International Renewable Energy Agency (IRENA), hydrogen took centre stage as members discussed priority areas for the organisation’s … Continue reading

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Economic report demonstrates how RWE’s Pembroke Net Zero Centre can benefit Wales

At the site of the existing Pembroke Power Station, RWE will deploy new technologies including green hydrogen, carbon capture, large-scale battery storage and floating offshore wind from the Celtic Sea, coming together under a single project ‘Pembroke Net Zero Centre’ … Continue reading

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