In sum, for the region’s gas exporters, on the one hand exports of LNG though costlier to transport, offer greater market flexibility and security than piped supplies. For gas importers, if local political tensions are resolved, piped natural gas is a very price competitive solution but LNG could still have a role in topping up supplies.
Saving the planet is a bit like picking fruit off a tree: it gets harder the farther up you climb…
Once this project is complete, it should open new sources of competitive and secure natural gas to customers in these western Baltic countries. In addition, it will aid them in their transition to low carbon power generation in keeping with the Paris Accords.
American major ExxonMobil was the most successful, with three significant offshore discoveries accounting for over 38 percent of total discovered volumes in the first quarter of 2019.
Limiting global warming is dependent on a rapid transition away from fossil fuels. This in turn requires technological advance in renewable energy and electricity storage, strong government commitment, stable and transparent regulatory frameworks, and a business environment attractive to investment. Subsequent to the 2015 Paris Agreement, countries have committed to […]