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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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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. Ample natural gas resources exist to support demand growth, but greater gas infrastructure development is needed to support growth in the medium term.

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Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions. A new EIA-sponsored study by Advanced Resources International, Inc. Click to enlarge.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. trillion of $3.05 billion vs. $1.6 billion) and $1 billion ($2.5

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

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

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Nigeria or Algeria cannot do the same for their oil industry. Fossil-fuel exporters rush to produce as much as they can, despite falling prices and constraints on trade. Saudi Arabia and Kuwait might, and should be encouraged to do so. —Goldthau et al. EU nations disagree, weakening joint policies. —Goldthau et al.

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Europe moves forward on the Energy Union; transport key element

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An integrated energy market is needed to create more competition, lead to greater market efficiency through better use of energy generation facilities across the EU and to produce affordable prices for consumers. Europe needs to make the right choices now. The EU has set itself the target of reaching at least 27% energy savings by 2030.