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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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Ample natural gas resources exist to support demand growth, but greater gas infrastructure development is needed to support growth in the medium term. Low-carbon gas. Potential magnitude of resource and landed cost of hydrogen in Germany, 2050. —Ashish Sethia, global head of commodities at BNEF. Source: BloombergNEF.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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The US Energy Information Administration (EIA) has released a new report that estimates that shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world’s crude oil and 32% of the world’s natural gas technically recoverable resources—i.e., Report terminology.

Oil 281
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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In an opinion piece in the journal Nature , a team from the US and Europe suggests that the transition to a low-carbon world will create new rivalries, winners and losers, and that it is therefore necessary to put geopolitics at the heart of debates about the energy transition. abating carbon will create losers. —Goldthau et al.

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Europe moves forward on the Energy Union; transport key element

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Today, we set in motion a fundamental transition towards a low-carbon and climate-friendly economy, towards an Energy Union that puts citizens first, by offering them more affordable, secure, and sustainable energy. Europe needs to make the right choices now. Energy Union Framework Document.