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Global CO2 emissions reached a new record in 2012
Global emissions of carbon dioxide were at a record high in 2011 and are expected to take a similar jump in 2012, as this year global CO2 emissions from the burning of fossil fuels are likely to hit 2.6% rise in comparison to 2011 levels, and according to some scientists it's quite impossible now that global warming can be limited to 2 degrees, which is the international target. Current level of the gas emissions is at 58% higher than 1990 levels.
read more... 03/12/2012
IEA: U.S. could be self-sufficient in gas by 2035
U.S. natural gas production is likely to increase by about 29% from 21.6 trillion cubic feet in 2010 to 27.9 trillion cubic feet in 2035, with shale gas accounting some 49% to about 5 trillion cubic meters of the US total natural gas production in 2035, according to the World Energy Outlook launched by the International Energy Agency. The study sustains that the U.S. holds about 1,744 trillion cubic feet of technically recoverable natural gas which is sufficient to supply the country for 90 years at current rates of production.
read more... 29/11/2012
Ukraine to build its first LNG terminal
Ukraine started the construction of its first LNG terminal near the Black Sea port, in Odessa region. According to the Ukrainian government officials, the LNG terminal may then cover from 30 to 50 % of Ukraine's domestic demand for gas.
read more... 28/11/2012
Daily: UK spot gas climbs on cold weather, despite oversupply
Brent and U.S. crude futures dropped for a second consecutive day on Tuesday on worries about weak demand for petroleum which were intensified by concerns about the euro zone economy and U.S. budget talks aimed to avert mandated tax increases and spending cuts.
read more... 28/11/2012
Germany: 100% renewable electricity supply by 2050
Germany has pledged to reduce greenhouse gas emissions by 35% below the 1990 levels by 2020 and by 80-85 % by 2050. In order to reach such a goal, Germany plans to transform its electricity supply system to completely renewable based electricity. In the first six months of 2012, the amount of electricity produced from renewable energy rose from 20% to 25%, bringing the country closer to its targets of 35% by 2020 and 80% by 2050.
read more... 27/11/2012