Europe
At a time of turmoil in global gas markets, the EC has said it won't change its Methane Regulation but may introduce "flexibilities."
The Iran war is giving Finland even more impetus to diversify its energy supply and speed up its energy transition.
The EU Emissions Trading System 2 could drive up costs for those relying on gas to heat their homes and on petrol to fuel their cars.
The Iran war and the chaos it has inflicted on global energy stability, supply and pricing are a stark reminder of Europe’s risky gas reliance, analysts have warned.
Analysis
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Pressure from the gas industry and the Trump administration have the EU Methane Regulation under attack. Civil society organisations and even some members of the U.S. Congress have called on the EU not to succumb to industry lobbying.
Europe has become highly dependent on U.S. LNG. Recent threats to Greenland are forcing a rethink.
The most recent Shell case comes as geopolitical tensions with the U.S. have rekindled a political debate in the Netherlands over the closure of the Groningen gas field.
Poland’s first auction for offshore wind capacity ended recently, ushering the eastern European nation into a new phase of energy transition.
Bulgaria is replacing Russian gas with U.S. LNG imported via Greece, but is also looking to enhance its role as a transit country for American gas to reach Ukraine.
The Trump administration wants a “full repeal” of Europe’s Methane Regulation, or at least a delay until 2035. The gas industry on both continents is also lobbying for a weakening of the rules.
News
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Shell CEO Wael Sawan said that abundance of gas will instead likely create new pockets of demand in price sensitive markets.
The Commission designated a staggering number of hydrogen pipelines and electrolyzers to its list of Projects of Common Interest. Critics warn the gamble could prolong fossil gas use and sidetrack Europe’s energy transition.
The presence of hedge funds in gas markets has increased, leading to questions over their impact on gas prices, Gastech attendees heard.
Opinion
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The news this week that European Commission President Ursula von der Leyen will not be present at COP29 in Baku is an unsettling development just days before the talks open.
For more than 50 years, the health and safety hazards of a petrochemicals complex in northern Spain have been worrying locals. Despite that, and the unease of such communities globally, UN talks this week failed to clinch a plastics treaty.
A landmark EU deal this week to impose methane emissions limits on oil and gas imports into Europe should spur global action at COP28.