Saturday , December 7 2019
Home / Tag Archives: energy transition

Tag Archives: energy transition

LNG displaces Atlantic basin pipe gas, but meets resistance in Asia

Liquefied natural gas (LNG) cargoes have displaced pipeline natural gas volumes in the Atlantic Basin throughout 2019, due to historically low spot prices of the shipped fuel. Higher LNG spot market activity has helped unleash some of the commodity’s inherent flexibility. It is inherent because a spot cargo that can move to any importing nation is more flexible than a pipeline whose destinations are fixed. Cargo pricing can therefore regularly have a significant influence on pipeline pricing...

Read More »

Renewable power GO: market looks to new drivers of liquidity and supply

The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly. S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years. Here are the key trends that European utilities and other market participants should be following this winter: 1. French...

Read More »

Energy transition dampens appetite for Asian mega-refinery projects

Asia has been the last bastion of large oil refinery projects for years, but overcapacity in the near term and the decarbonization of transport fuels further out have raised questions over the need for more large-scale refining projects. China and the Middle East are still adding new capacity that will come online in the next three to four years. But most of these projects were approved when the global economic outlook was still robust, and the roster of new project approvals looks bleak. As...

Read More »

Alternative tech could dent diesel demand in US road freight sector

Semi trucks are the workhorse of modern road freight. These large, two or three axel on-road trucks are used to haul freight trailers and, on average, each one travels over five times the distance of a typical US driver annually – at one-fifth the miles per gallon efficiency. In 2018, US semi trucks demanded over 2 million b/d in petroleum products – primarily diesel. S&P Global Platts Analytics anticipates this energy need will grow through 2040 on the back of growing population...

Read More »

Why lithium has turned from gold to dust for investors

Trade frictions and geopolitical uncertainty have made 2019 a challenging year for commodities investors in general. However, few resources have been trickier to fathom, or more unpredictable, than cobalt and lithium. Before the advent of modern electric vehicles (EV), lithium was known for decades as a medicinal cure for depression. But plummeting prices for the commodity – a crucial raw material in the manufacture of high-powered lithium-ion EV car batteries – have given investors the...

Read More »

Energy and commodities highlights: Hormuz tensions, trading houses vs NOCs, recycled plastics

After a calmer start to the week in geopolitics, US-Iran tensions erupted again on July 18 when President Donald Trump said the US Navy had shot down an Iranian drone in the Strait of Hormuz. Brent crude prices responded with a near 2% increase by in Singapore morning trading hours. However, the impact of US sanctions on Iran and hostilities in the Persian Gulf on oil prices has been blunted by a global supply glut, according to a US official. Brian Hook, the US State Department’s...

Read More »

Auto sector targets EV charging infrastructure in bid to speed growth

With more auto makers investing big in the electric vehicle space, consumers and forecasters continue to fret over the ability to actually charge these shiny new cars. Worries about the distance a battery can power a vehicle before needing to be plugged in – sometimes referred to as “range anxiety” – have been viewed as one of the major obstacles to growing EVs’ share of the transport market. But with more announcements on investment in charging, there are signs that that the auto industry –...

Read More »

Global oil reserves data is muddled, but does it really matter? Fuel for Thought

Proved oil reserves, historically a proxy for geopolitical clout and energy security, may be losing their currency in a world set on ushering in the end of the fossil fuel era. The growing acceptance of the climate threat from carbon-rich energy is focusing minds on producing cleaner fuels rather than stockpiling sources of old, dirty ones. But despite growing industry qualms over peak demand and the potential for stranded assets, the issue of who controls the bulk of the world’s...

Read More »

UK needs fuel tax reform to pave way for mass EV adoption

The UK wants to be a world leader in the fight against climate change. Committing to reduce greenhouse gas emissions to almost zero by 2050 is an admirable but expensive and difficult goal to achieve. Counter-intuitively, cutting taxes on fossil fuels now may be a better place to start than continuing to milk dry the majority of road users until they are forced into electric cars. One idea could be to abolish fuel duty all together and instead levy a single charge for vehicle road use, which...

Read More »

Insight from Brussels: EU aims to become powerhouse of battery production and recycling

The EU plans to invest billions of euros developing a “green label”, sustainable electric vehicle battery industry in a bid to challenge Asia’s market dominance. The EU battery market could be worth up to €250 billion ($282 billion) in 2025, with global demand for electric vehicles forecast to reach up to 900 million by 2040, the European Commission said in an update to its 2018 strategic action plan on batteries in April. This means EU demand for lithium, nickel, cobalt, manganese and...

Read More »