Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-08-27 18:25:00

LITTLE CHANCE OF EUROPE

FITCH: LITTLE CHANCE OF EUROPE

Europe is unlikely to be able to reduce its reliance on Russian natural gas for at least the next decade and potentially much longer, Fitch Ratings says. At best the European Union may be able to avoid significantly increasing its gas purchases from Russia.

Any attempt to improve energy security by reducing European reliance on Russia would require either a significant reduction in overall gas demand or a big increase in alternative sources of supply, but neither of these appears likely.

We believe the recovering European economy will push up energy consumption in the coming years, helping offset energy efficiency measures, while environmental concerns will limit any further switch to electricity generation from other hydrocarbons or nuclear power.

We therefore expect European demand for natural gas to grow slightly until the mid-2020s. After that it is likely to accelerate as gas-fired electricity generation replaces old coal and nuclear capacity, although renewables will also fill some of this gap. Even if coal-fired and nuclear energy were favoured over gas, the impact on energy security would be limited because Russia also supplies 26% of the EU's hard coal and is the sole supplier of fuel rods to nuclear power plants in several countries.

European shale gas remains in its infancy and we believe it will take at least a decade for production to reach meaningful volumes. By that point it would probably only offset the decline in production from Europe's conventional gas wells.

Piped gas imports from markets other than Russia are also likely to remain limited. We believe the Trans Anatolian Gas Pipeline is the only viable non-Russian pipeline under consideration. This could provide 31 billion cubic metres of gas a year by 2026, but that is not enough to cover the incremental increase in gas demand we expect over the period, let alone replace any supplies from Russia.

A third alternative source is liquefied natural gas, as global liquefaction capacity is set to increase by around 70bcm a year by end-2017. But much of this new capacity is tied to long-term supply contracts and spare capacity in global LNG is likely to remain tight, in the tens of bcm. We do expect new LNG supplies to be signed up by Europe, but the LNG market is unlikely to be large enough to gain market share against Russian gas.

fitchratings.com

Tags: RUSSIA, EUROPE, GAS, FITCH

Chronicle:

FITCH: LITTLE CHANCE OF EUROPE
2018, May, 23, 10:21:00

IRAN - EUROPE NUCLEAR

WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."

FITCH: LITTLE CHANCE OF EUROPE
2018, May, 23, 10:15:00

NO OIL FUTURE 2040

BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,

FITCH: LITTLE CHANCE OF EUROPE
2018, May, 23, 10:10:00

CLEAN NUCLEAR FUTURE

WNN - The United States, Canada, and Japan are launching the Nuclear Innovation: Clean Energy (NICE) Future Initiative. This global effort will make sure nuclear has a seat at the table during discussions about innovation and advanced clean energy systems of the future.

FITCH: LITTLE CHANCE OF EUROPE
2018, May, 23, 10:05:00

ARABIAN OIL FOR INDIA

AOG - The agreement between ADNOC and ISPRL, which was initiated in January 2017 during a visit to India by a high-ranking UAE delegation, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, covers the storage of 5.86 million barrels of ADNOC crude oil in underground facilities, at the Karnataka facility. The first shipment, of approximately two million barrels of crude oil, will be followed by further shipments after India’s annual monsoon season.

All Publications »