Report  |  11 July 2014

"Responsibly energising a growing world" - while dashing for coal?

Take-aways from the 21st World Petroleum Congress

Whether it is despite the latest complications in the international politics or thanks to them, Moscow was in the centre of world of energy for the past couple of months – with the grand opening of the 21st World Petroleum Congress at the Kremlin Palace taking place on June 15 being one of the highlights. What followed was a four-day event, undoubtedly the largest oil and gas industry conference of the year. The World Petroleum Congress gathers once in three years; its programme covers all aspects of the petroleum industry (including upstream and downstream sector – also for natural gas – as well as sustainable management, new technological solutions, etc.) and brings together representatives of the industry, governments, non-governmental organisations, international organisations and research institutions.

Report  |  3 July 2014

EU’s energy transition: the triple challenge of sustainability, competitiveness and affordability

by Daria Nochevnik

On the road to the EU 2050 decarbonisation objective, regulatory unpredictability is considered to be the most important investment challenge by a number of energy professionals in the power sector, while too low prices in the power and ETS markets are perceived as the second biggest challenge [note 1].

The question posed by some leading experts, is ‘do we want to live in 2035 when the politicians of 2015 dictated the terms of the CO2 regime?’ [note 2]

Viewpoint  |  19 June 2014

What Future for Russia’s Nuclear Exports Post-Ukraine?

By Melissa S. Hersh

Recent events in Ukraine are a watershed moment for Europeans to fundamentally re-think their energy policies and reduce their dependence on one, major supplier: Russia. Re-thinking, however, is not equal to rejecting or renouncing, but perhaps more on par with revising or re-assessing, how to prevent the preventable and mitigate the probable.

Viewpoint  |  19 June 2014

The Role of 'European formulas' in the Russia-Ukraine Gas Debate

By Andrey Konoplyanik, Moscow

The current Russia-Ukraine gas debate has been making the international media headlines though it has been discussed there mostly from political angle. Being interviewed recently in “Quest means Business” at CNN, I was asked by Richard Quest whether I “think that energy is being used as a diplomatic and political tool by Russia in this case”? This question reflects, from my point of view, a key perception that Russia is using its gas supplies to Ukraine as a 'political weapon'. This perception is being spread internationally by means of what President Obama has recently called “our [US] ability to shape world opinion” and “mobilization of world opinion and international institutions served as a counterweight to Russian propaganda”.

Report  |  5 June 2014

"...because CCS is not as sexy as renewables"

By Reiner Gatermann

Scientists, engineers, experts from the Intergovernmental Panel on Climate Change (IPCC) and politicians seem to agree: to limit the global increase in temperature to a maximum of 2°C without the introduction of a comprehensive Carbon Capture and Storage (CCS) system is almost impossible. However, listening recently to the experts from around the world at the third Milestone Mongstad conference in Bergen, Norway, one cannot avoid the impression that today the world is far away from the installation of an effective CCS weapon to fight CO2. The main obstacles seem to be the nonchalance of politicians in almost all parts of the world, which means a lack of public funding and as a result of this, companies are hesitant to invest in R&D. There is obviously another hurdle, which is the absence of public support and its resistance to examine and accept this new technology. Or as Jarad Daniels from the US Department of Energy put it: “...because CCS is not as sexy as renewables”.

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