RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-06-04 18:30:00

NO SHALE REVOLUTION

NO SHALE REVOLUTION

There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told.

"You cannot duplicate [the US experience] in Europe," said Jerome Ferrier. "Politicians are hesitating to accept shale development."

Abundant shale gas in the US has helped domestic energy prices fall.

As a result some European governments, not least the UK, are keen to develop their own shale resources.

Mr Ferrier's comments come a day after a number of major energy firms called for a working price of carbon.

Carbon pricing

The IGU president, talking to the BBC at the World Gas Conference in Paris (WGC), said there was resistance to shale development in the UK and Poland, while there was "no way" it would take place in France.

Other countries, including Germany, Romania and Bulgaria, have placed moratoriums on fracking.

He added that it was "a pity" not to explore the possibility of shale development, but said "the future of gas does not depend on shale gas - there is enough conventional gas [to meet demand] for more than a century".

Mr Ferrier also stressed the need for a carbon price to reduce coal use, which emits huge amounts of CO2 linked with global warming.

"Without carbon pricing, countries will maintain coal power generation due to the low price of coal," he said.

Putting a price on carbon means big polluters are forced to pay for the CO2 they emit, giving them a strong incentive to reduce emissions. There has been an Emissions Trading System in Europe for a number of years but it has been ineffective in cutting emissions, largely because the price of carbon is too low.

Natural gas

Earlier this week, a number of leading energy companies jointly called for global carbon pricing, including Statoil, Total, BP, Shell, ENI and BG.

Tellingly, major US energy firms did not sign up to the initiative. Speaking at the WGC on Tuesday, Exxon Mobil chief Rex Tillerson pointed to the fact that CO2 emissions were falling in the US despite the fact there is no carbon price there.

This fall in emissions is due to cleaner shale gas replacing coal. Mr Ferrier said this was not going to happen in Europe, hence the need for a carbon price.

Oil and gas company chiefs have been championing the environmental benefits of natural gas this week, arguing that it provides a cleaner source of power than coal, which currently dominates global energy production.

They say it complements perfectly the push for renewable energy, which is variable due to fluctuations in the strength of the wind and sun.

Many environmentalists argue that efforts should be concentrated on truly clean renewable energy rather than gas, which is a fossil fuel that emits CO2.

bbc.com

Tags: SHALE, GAS, EUROPE, PRICE
Chronicle:
NO SHALE REVOLUTION
2023, January, 27, 09:49:00
Получите полный список перспективных СПГ-проектов и проектов по производству водорода в России и их текущий статус
СПГ Конгресс Россия – это международная инвестиционная площадка, где традиционно собираются лидеры индустрии. Ежегодно в мероприятии принимают участие более 250 операторов крупно-, средне- и малотоннажных СПГ-проектов, водородных проектов, правительство и технологические лидеры СПГ-индустрии. 15–16 марта 2023 года, Москва.
NO SHALE REVOLUTION
2023, January, 27, 09:48:00
СПГ КОНГРЕСС РОССИЯ 2023
СПГ Конгресс Россия – это международная инвестиционная площадка, где традиционно собираются лидеры индустрии. Ежегодно в мероприятии принимают участие более 250 операторов крупно-, средне- и малотоннажных СПГ-проектов, водородных проектов, правительство и технологические лидеры СПГ-индустрии.
NO SHALE REVOLUTION
2023, January, 27, 09:45:00
U.S. OIL INVENTORIES UP BY 0.5 MB TO 448.5 MB
U.S. commercial crude oil inventories increased by 0.5 million barrels to 448.5 million barrels.
NO SHALE REVOLUTION
2023, January, 27, 09:40:00
OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
Event Title: Oil and Gas Automation and Digitalization 2023 Conference Date: 03 - 04 May 2023 Event Type: In-Person Event Event Organizer: PTN Events
NO SHALE REVOLUTION
2023, January, 25, 10:45:00
OIL PRICE: BRENT BELOW $87, WTI ABOVE $80
Brent rose 22 cents, or 0.3%, to $86.35 per barrel, WTI climbed 13 cents, or 0.2%, to $80.26 per barrel.
NO SHALE REVOLUTION
2023, January, 25, 10:40:00
РАЗВИТИЕ РОССИЙСКОЙ ЭЛЕКТРОЭНЕРГЕТИКИ
Прежде всего речь идёт о стоимости строительства линий электропередачи и подстанций, а также поэтапном формировании рациональной структуры генерирующих мощностей в стране, в том числе с учётом задач низкоуглеродного развития.
NO SHALE REVOLUTION
2023, January, 25, 10:35:00
ЦИФРОВАЯ ТРАНСФОРМАЦИЯ ЭНЕРГЕТИКИ РОССИИ
Государство в настоящее время уделяет большое внимание обеспечению кибербезопасности, эта задача заложена в Энергетическую стратегию РФ до 2035 года.
All Publications »