Thẻ: Energy price

Is Europe’s gas and electricity price surge a one-off?

~ Đào Thu Hằng ~ Bình luận về bài viết này

bruegel.org

Surging natural gas prices in Europe, driven by rising demand and tight supply, are pushing up electricity prices; to prevent volatility, governments need to commit more clearly to a low-carbon future.

Since January 2021, natural gas prices have soared by more than 170% in Europe (Figure 1), sparking concerns about the potential macroeconomic implications.https://e.infogram.com/1p761ygy79gngyhz5yydwzln9lanq3km1rm?parent_url=https%3A%2F%2Fwww.bruegel.org%2F2021%2F09%2Fis-europes-gas-and-electricity-price-surge-a-one-off%2F&src=embed#async_embed

Both demand and supply factors have contributed to a tightening of the European gas market.

European gas demand is increasing in residential heating, industry and power generation. Higher demand for residential heating due to a cold winter and widespread remote working pushed up overall European gas demand by 7.6% in the first quarter of 2021. Also, a combination of continued industrial output rebound, summer heatwaves with increased use of air conditioning and rallying EU carbon prices fostering a switch from coal to gas, kept European gas demand high throughout the second quarter of the year.

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CSIS: U.S. Shale Gas Sets Sail…Now What?

~ Trần Đình Hoành ~ Bình luận về bài viết này
 CSIS
  • Photo courtesy of Duke Energy from https://www.flickr.com/photos/dukeenergy/11441374383/in/photolist-ir32Zz-9h7kUn-84ETfK-7F2ojh-4XMq3j-ojanPF-6kjHYx-qCj1vV-nqXjJv-o2gC4m-fiyZ7Y-dcye5U-4H8pww-4CvjWU-qCbPqG-nzMXYB-qUBkQZ-qCd2AU-pXLcBj-nm3ZKP-ir331r-hWnwNf
    By Jane Nakano, Kevin Book
    FEB 25, 2016

    On February 24, a tanker carrying liquefied natural gas (LNG) left the Sabine Pass LNG terminal off the coast of Louisiana. The first LNG cargo from Cheniere Energy Inc.’s Sabine Pass LNG Project is a significant milestone for the U.S. energy industry, marking the dawn of shale-based LNG exports by the United States. What other implications does the Sabine Pass export have for the United States? Does the shipment foretell the economic viability of U.S. LNG projects or the competitiveness of U.S. LNG exports? This Critical Question illustrates the significance of the Sabine Pass LNG shipment and considers the opportunities and challenges for the U.S LNG export business in the period of low energy prices. Tiếp tục đọc “CSIS: U.S. Shale Gas Sets Sail…Now What?” →

Study Looks at Renewable Energy in Germany and Texas

~ Đào Thu Hằng ~ Bình luận về bài viết này
Holbert Janson
Dec 29, 2015

renewablenergyworld – A report published by Stanford’s Steyer-Taylor Center for Energy Policy and Finance looks at three of the world’s largest economies and largest energy jurisdictions in an attempt to compare their approaches to ramping up renewable energy.  Included in the report is a comparison of electricity rates in Germany to those in Texas and California as well a discussion of how renewables contribute to overall costs.

The report compares Germany, the world’s fourth largest economy and an aggressive adopter of renewable energy, with the states of California and Texas.  California and Texas are the world’s 8th and 12th largest economies respectively, and are both leaders in the U.S. with respect to wind and solar deployment. Tiếp tục đọc “Study Looks at Renewable Energy in Germany and Texas” →