Extreme weather in Northeast Asia and North America in the first quarter of 2021 and the resulting gas demand and price spikes were reminders that gas supply security “should not be taken for granted”, the International Energy Agency. The cold weather first in Northeast Asia in January and then in the southern .
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The cold weather first in Northeast Asia in January and then in the southern US in February was a useful reminder that winters can be cold and that gas demand is particularly temperature-sensitive, the IEA said in its latest quarterly gas market report on April 15. Time will tell whether the cold snaps of winter 2020/21 will have an influence on market design and regulatory policy decisions. But they do remind us that security of energy supply is never out of season, the agency said.
Speaking April 15 during a webinar to mark the launch of the report, IEA analyst Gergely Molnar said the price spikes which also occurred in Spain during an unusual cold snap this winter showed how markets could become stressed very quickly .
From the Editor: In 2021 natural gas takes centre stage [GasTransition]
Jan 12, 2021 7:15:am
Summary In the gas industry, the “future role of gas” has been an important topic for many years now, and you may even think you have “heard it all before”. But for policymakers, NGOs and the larger public, it is a topic that is only beginning to take centre stage. [Gas Transitions Volume 2, Issue 1]
by: Karel Beckman
Up to now, coal and oil have been in the spotlight of the climate and energy debate. But they are fading now. Coal has become anathema for most, and oil is only tolerated on the assumption that it will be gradually replaced as transport becomes electrified.