Renewable energy to be complemented by natural gas

16/10/2017 15:47 Renewable


Natural gas will be the shipper of renewables in the future, as stated on Friday by vice president of Gas Infrastructure Europe, Wim Groenendijk, in Zagreb, the capital of Croatia. 

He declared at the 2nd International Association for Energy Economics (IAEE) Eurasian Conference that there will be natural gas extracted from renewable energy. Groenendijk affirmed: “You can produce gas from electricity into gas into hydrogen, by using electricity. That is renewable gas”


In the transport industry gas will be the main source of fuel especially for trucks and ships as it becomes a more environmental-friendly source.


There are several methods to obtain environmental gas. The first one is Power to gas technology that provides the opportunity to convert electricity to gas fuel. The other one is transforming the excess of wind energy into gas, a concept named windgas. All the current methods use electricity to separate water into hydrogen and oxygen by means of electrolysis.


Trade of natural gas globally enhanced by approximately 5 percent in 2016 year-on-year and proved gas reserves worldwide in 2016 increased slightly by 1.2 trillion cubic meters to 186.6 trillion cubic meters.

Daily(11.07.2018): European carbon prices slightly rose on Tuesday, on bullish trend of power prices

11/07/2018 11:30:00

Oil prices rose on Tuesday, supported by a higher-than-expected U.S. stock draw and supply worries in Norway and Libya. Brent crude increased by 1% to $78.86 a barrel. WTI crude edged 0.4% higher at $74.11 a barrel, following Mike Pompeo’s comments on exceptional waivers over Iranian sanctions.


Russia extends Kharyaga oil field PSA with Total to 2031

11/07/2018 09:49:00

The Russian government is extending a production sharing agreement with France's Total for development of the Kharyaga oil field by 13 years to the end of 2031, in the latest sign that many Western majors' operations in Russia are continuing despite sanctions on the oil sector.


BP Ventures leads £2.5m investment into EnergyTech firm Voltaware

11/07/2018 09:44:00

BP Ventures has invested £1.5m in London-based energy monitoring company Voltaware.