The role of CCS in reducing emissions remains unclear [GasTransitions]
Mar 1, 2021 7:35:am
Summary Successful carbon capture and storage projects continue to be far and few between. Although many scientists continue to believe in CCS and there are some promising projects starting up in heavy industry, CCS prospects in the power sector look dim. The CCS debate continues – the outcome remains uncertain. [Gas Transitions Volume 2, Issue 2]
by: Karel Beckman
Posted in:
The role of CCS in reducing emissions remains unclear [GasTransitions]
A group of engineers and geologists issued a statement in January saying that carbon capture and storage is “vital to meeting climate goals.” Their initiative came in response to a report from Friends of the Earth Scotland, prepared by Samira Garcia Freites and Christopher Jones of the Tyndall Manchester Climate Change Research unit, which came out on 8 January. The Tyndall report calls on the UK government not
Boom! LNG spot prices rocket to record levels [LNG Condensed]
Feb 11, 2021 12:35:pm
Summary Just when you thought it was safe to go back in the water, severe cold across much of northern Asia has boosted short-term LNG demand, sending spot prices for LNG and LNG carriers sky-rocketing. However, this represents a temporary period of volatility, exposing limitations in the LNG supply chain’s ability to respond to peak demand events, with markets likely to settle towards the end of the first quarter. The LNG market will remain over-supplied in 2021, but the rebalancing process will gain pace in 2022 as higher demand emerges from post-pandemic Asia. [LNG Condensed Volume 3, Issue 1 - January/February 2021]