Markets

The expected progressive phase-out of lignite-fired capacity and shift to gas-fired capacity in the South Eastern Europe region in the coming decade raises the issue of security of gas supplies and the need for a stable gas market structure to arise, according to a paper published by the Oxford Institute for Energy Studies.

Sulfur dioxide (SO2) emissions produced in the generation of electricity at power plants in the United States declined by 73% from 2006 to 2015, a much larger reduction than the 32% decrease in coal-fired electricity generation over that period, the US Energy Information Administration (EIA) found.

Brexit is likely to exacerbate the issue of “foreign dependency” on gas supplies for both the UK and Ireland, amid decreasing North Sea gas production, a paper by the Oxford Institute for Energy Studies argued.

“From being hardly foreign dependent at all, the UK and Ireland would become respectively 42 and 97 per cent dependent on foreign gas” OIES's Thierry Bros pointed out.

The UK electricity market has witnessed a sharp rise in gas-fired generation in 2016 at the expense of coal-fired electricity production, which fell “to an all-time annual low” according to a report issued by UK energy consultancy EnAppSys.

Gas-to-power demand from France's 13 CCGT plants reached 495 GWh on January 25 amid a spell of cold weather affecting the country, French gas grid operator GRTgaz said.

European electricity markets have seen the shift from coal generation to gas generation gaining momentum in 2016, with the transition representing one of the biggest trends seen over the year, according to a recent joint study published by UK and German consultancies.

A number of European electricity transmission system operators (TSO) have agreed on steps to further strengthen cooperation in order to optimise electricity exchange capacity between different grids.

Russia's gas exports to Europe hit a “record” level in 2016, rising by 12.5% year on year to around 180 billion cubic meters, according to Gazprom's CEO Alexei Miller.

Having a strong gas network in place is key in ensuring a full transition to a low-carbon energy, according to gas industry association Eurogas.

Mitsubishi Heavy Industries has established a specialised oil & gas division within Mitsubishi Heavy Industries America, its Houston-based US subsidiary.

The new energy strategy of Poland should focus on the transition to a cleaner energy mix as well as on improving the country's energy security, the International Energy Agency (IEA) said in its latest country review of Poland.

Demand for natural gas in Spain reached a new record on January 19, rising to 1,589.19 GWh on the back of the ongoing cold snap that is affecting the country.

Ukraine cutting its gas ties with Russia is becoming a reality, which in the coming years might lead to a radical change in scenario for energy trading between the two countries and with Europe, the most recent issue of the quarterly Oxford Energy Forum publication by the Oxford Institute for Energy Studies (OIES) argued.

Natural gas demand in Spain reached its highest since 2012 on January 18, standing at 1,502 GWh, gas grid operator Enagas said.

Dong Energy expects to sell all its oil and gas activities by the end of 2017, with the oil and gas business due to appear as “discontinuing operations” in the company's financial statement for full-year 2016, the company said in a statement on January 19.