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...In its report, JPMorgan said changing the world’s energy system “is a process that should be measured in decades, or generations, not years”....
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...Commodity traders are anticipating huge increases in demand and volatility in gas and electricity markets as the global energy system transitions away from more polluting oil and coal....
...While the role of gas-fired power plants is expected to fall as the electricity system starts to rely more heavily on wind turbines, some will probably need to be retained in order to ensure energy provision...
...industry that has become a pillar of the global energy system....
...“This is I think one aspect of the MDBs [multilateral development banks] working as a system,” Jin said, naming direct co-financing as another option....
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...An increasingly renewables-dependent system, and fear of a gas comeback, puts a positive outcome in sight. nathalie.thomas@ft.com...
...But even if costs come down and leaks can be avoided, will swapping in a synthetic version of natural gas lock us into existing energy systems, and their associated risks? Read on....
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...The Climate Change Committee, the government’s advisers, has previously said a small amount of gas-fired capacity was “compatible with a decarbonised power system”....
...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
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...In the past two years, cybercriminals have increased their attacks on industrial targets in the oil and gas, water, and mining sectors — typically, with the aim of disrupting critical infrastructure, stealing...
...Saudi Arabia expects to free up a further 1mn b/d of oil for export by displacing liquid fuels used in the kingdom for power generation with gas, the person added....
...oil and gas development....
...“It takes time to develop a new energy system and we will need gas,” he said. Gas when burnt produces less emissions than coal or oil....
...Ust-Luga is a key node in Russia’s energy export system, and includes a gas processing plant and a major port for shipping petroleum products abroad....
...’s current detection system....
...Azerbaijan, as well as past host UAE and the host of COP30, Brazil, aim to work together under a so-called troika system, to implement UN climate agreements....
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...“This case aims to ensure that oil and gas companies finally make these wells safe, and shut down a system that harms property owners, worsens the climate crisis and sticks taxpayers with a giant clean-up...
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...The situation is made more difficult due to the difference in views on natural gas; the industry sees it as a transitional fuel with prolonged demand in the global energy system, while climate campaigners...
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