The Future of Gas in Decarbonising European Energy Markets

The Future of Gas in Decarbonising European Energy Markets PDF

Author: Jonathan P. Stern

Publisher:

Published: 2017

Total Pages: 31

ISBN-13: 9781784670764

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The European gas industry has argued that gas can be a bridging fuel in the transition to decarbonised energy markets because of the advantages of switching from coal to gas, and the role of gas in backing up intermittent renewable power generation. While this remains a logical approach for some countries, in others it has proved either not relevant, or generally unsuccessful in gaining acceptance with either policymakers or the environmental community. Policy decisions will be taken in the next 5-10 years which will irreversibly impact the future of gas in the period 2030-50. A paradigm shift in commercial time horizons and gas value chain cooperation will be necessary for the industry to embrace decarbonisation technologies (such as carbon capture and storage), which will eventually be necessary if gas is to prolong its future in European energy markets. To ensure a post-2030 future in European energy balances, the gas community will be obliged to adopt a new message: `Gas can Decarbonise’ (and remain competitive with other low/zero carbon energy supplies). It will need to back up this message with a strategy which will lead to the decarbonisation of methane starting no later than 2030. Failure to do so will be to accept a future of decline, albeit on a scale of decades, and to risk that by the time the community engages with decarbonisation, non-methane policy options will have been adopted which will make that decline irreversible.

The Future of European Gas Markets

The Future of European Gas Markets PDF

Author: Manfred Hafner

Publisher: Energy Scenarios and Policy

Published: 2016

Total Pages: 156

ISBN-13: 9789077644362

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Gas represents a pivotal element of the European energy architecture. New elements such as the evolution of the EU Energy Union, the international climate agreement reached at COP-21, the EU-Russia gas relations in the aftermath of the Ukraine crisis, and the supply potential emerging in the Eastern Mediterranean are rapidly reshaping the European gas markets. This book seeks to provide an insight on these developments, with the ultimate aim of contributing to the current European gas debate by providing a balancing act between two issues-decarbonisation of the European energy system and security of gas supply-that are usually conceived as different and unmatched but that represent, in reality, two sides of the same coin. (Series: ?Energy Scenarios and Policy, Vol. 1) [Subject: Energy Law, EU?Law

Building Competitive Gas Markets in the EU

Building Competitive Gas Markets in the EU PDF

Author: Jean-Michel Glachant

Publisher: Edward Elgar Publishing

Published: 2013-01-01

Total Pages: 293

ISBN-13: 1782540644

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This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.

Changes in European Energy Markets

Changes in European Energy Markets PDF

Author: Felicetta Iovino

Publisher: Emerald Group Publishing

Published: 2020-01-03

Total Pages: 192

ISBN-13: 183909107X

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This book takes Italy as a case study, focusing on the financial performance of retail energy firms between 2008 and 2017, to provide an up-to-date and critical analysis of this sizeable shift that has taken place within the European energy sector.

Decarbonisation and the Energy Industry

Decarbonisation and the Energy Industry PDF

Author: Tade Oyewunmi

Publisher: Bloomsbury Publishing

Published: 2020-11-26

Total Pages: 352

ISBN-13: 1509932917

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This timely collection of essays examines the legal and regulatory dynamics of energy transitions in the context of emerging trends towards decarbonisation and low-carbon energy solutions. The book explores this topic by considering the applicable energy law and policy frameworks in both: (i) highly industrialised and major economies such as the US, EU, China and Australia; (ii) resource-rich developing countries such as Nigeria and regions like Southern Africa. Comprising 16 chapters, the book delves into the tradeoffs and regulatory complexities of carbon-constraints in conventional energy supply systems, while maintaining a reliable and secure energy system that is equally sustainable (ie decarbonised). It highlights the importance of ensuring affordable access to energy services in developing economies as the energy transitions unfold and explores the potentials of emerging technologies such as hydrogen networks, power-to-gas and Carbon Capture and Storage. Additionally, the book also considers the international investment law implications of energy decarbonisation. Focusing on the nexus between law, regulation and institutions, it adopts a contextual approach to examine how and to what extent institutions can effectively facilitate more reliable, sustainable and secure energy supply systems in the twenty-first century. This book portrays the conventional hydrocarbon-based energy supply industry in a largely international and interconnected context. It highlights the costs, benefits and losses that may arise as the transition towards decarbonisation unfolds depending on the pathways and solutions adopted. With chapters written by leading experts in energy law and policy, the reader-friendly style and engaging discussions will benefit an international audience of policymakers, academics, students and advisers looking for a more incisive understanding of the issues involved in energy transitions and the decarbonisation of energy systems.

The European Gas Markets

The European Gas Markets PDF

Author: Manfred Hafner

Publisher: Springer

Published: 2017-08-16

Total Pages: 419

ISBN-13: 3319558013

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This book explores in detail the challenges which the European gas markets currently face, and the opportunities they present. Bringing together some of the most prominent gas experts on Europe from both academia and industry, this edited volume provides a comprehensive analysis of the various economic, political and technological factors that interact in this sector. Featuring a Foreword by Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, contributions explore a wide range of issues, such as the role of gas in decarbonizing Europe, the outlook of Europe’s gas demand, supply and pricing, and global LNG dynamics. Country specific studies include Russia, Norway, the Netherlands, and Germany, with regional studies including North Africa and the Eastern Mediterranean. Alongside detailed analysis of this complex sector it also puts forward a set of policy recommendations for the sector’s key stakeholders. This volume will be of interest to researchers and academics, as well as practitioners and professionals within European gas markets.

Energy Transitions and the Future of Gas in the EU

Energy Transitions and the Future of Gas in the EU PDF

Author: Gökҫe Mete

Publisher: Springer Nature

Published: 2019-11-23

Total Pages: 317

ISBN-13: 3030326144

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This book assesses the impact of energy transitions on the future of natural gas in the EU energy mix. As we approach 2050, the requirement to sharply decrease CO2 and other GHG emissions means that the role of gas infrastructure in the EU and beyond will change drastically. But what does such change mean? To address this question the author critically analyses the EU’s evolving natural gas market policy and law. Clearly structured throughout, the book explores the following questions: How can we maximise the potential of gas infrastructure to reduce carbon emissions? What are the lessons learned from decision making experience in the natural gas sector? Is the EU moving towards or away from a climate neutral gas sector? How will green and low carbon gas technologies be supported? And, are proposals to drive a growing share of hydrogen, biomethane, and synthetic methane to the system just an excuse to prolong fossil fuel operations? The book explores whether the EU will continue to subsidy natural gas projects or decarbonise the gas grid before 2050, and at what cost. Recommendations are proposed for a new regulatory and policy framework for development and operation of hydrogen pipelines, injection of biomethane into the existing gas grid and for pipelines carrying CO2. Filling an important gap in the literature, this book aims to develop an understanding of and clarify the complex range of legislation involved within a single analytical framework. Although the focus is mainly on the future of gas in the EU, the findings and recommendations are relevant for a much wider geography. This book will be an invaluable reference to policy makers and practitioners as well as researchers and students across the social sciences interested in the future of energy.

The Palgrave Handbook of Natural Gas and Global Energy Transitions

The Palgrave Handbook of Natural Gas and Global Energy Transitions PDF

Author: Damilola S. Olawuyi

Publisher: Springer Nature

Published: 2022-05-04

Total Pages: 629

ISBN-13: 3030915662

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The Palgrave Handbook of Natural Gas and Global Energy Transitions provides an in-depth and authoritative examination of the transformative implications of the ongoing global energy transitions for natural gas markets across the world. With case studies from Africa, Asia, Europe, North America, Latin America, South America, Australia, and the Middle East, the volume introduces readers to the latest legal, policy, technological, and fiscal innovations in natural gas markets in response to ongoing global energy transitions. It outlines the risk mitigation strategies and contractual techniques — focusing on resilience planning, low-carbon business models, green procurement, climate-smart infrastructure development, accountability, gender justice, and other sustainability safeguards — that are required to maximize the full value of natural gas as a catalyst for a just and equitable energy transition and for energy security across the world. Written in an accessible style, this book outlines the guiding principles for a responsible and low-carbon approach to the design, financing, and implementation of natural gas development and commercialization. It is an indispensable text and reference work for students, scholars, practitioners, and stakeholders in natural gas, energy, infrastructure, and environmental investments and projects.

Security of Energy Supply in Europe

Security of Energy Supply in Europe PDF

Author: Julian Barquin

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 327

ISBN-13: 1849806969

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In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU s energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relations. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in Europe. The book opens with an extensive exploration of the very definition of supply security and moves beyond sector-specific debates to highlight the political sensitivity surrounding energy security. The expert contributors apply a policy perspective, underpinned by theoretical discussion, to economic analysis in order to yield policy-relevant conclusions. They illustrate that the EU lacks a coherent transnational energy policy, that national energy policies fail to match EU goals and that, ultimately, sustainable energy policies, more competition, and better regulation will improve global welfare. Academics and EU policymakers both at national and international levels will find that the topical policy recommendations, extensive overview of supply security, and detailed perspectives on the natural gas, nuclear and hydrogen sectors presented herewith constitute an invaluable reference and research tool.