Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



EMGC '19: DNV GL sees gas taking lead in Euro energy demand

By Adrienne Blume, Gas Processing & LNG and Hydrocarbon Processing

NICOSIA—On the morning of Day 2 of the Eastern Mediterranean Gas Conference (EMGC 2019), Elfride Covarrubias, Business Development Manager for Italy and the Mediterranean for DNVL GL, spoke to delegates about DNV GL's analysis of Europe's ongoing energy transition. 

 

The two main drivers in the European energy transition include climate change and the desire for clean, secure and affordable energy sources, Ms. Covarrubias said. By 2050, DNV GL expects an equal split in the use of fossil fuels and renewable (non-fossil) fuels. At present, the split is approximately 80% fossil fuel use and 20% non-fossil fuel use.

European energy demand is anticipated to peak in 2035. "The main energy efficiencies we will see are in transport," Ms. Covarrubias said. "We are talking about drastic changes in energy in this sector. We will see much less fossil fuels, with a reduction of about 8% in transport by 2050, with more electric cars."

Natural gas is the main fuel that will enable the overall energy transition. Between 2016 and 2050, DNV GL expects natural gas use to expand by 29% to make up 61% of Europe's fossil fuel energy mix; whereas oil demand will fall from 47% to 24%, and coal use is expected to drop from 21% to 15%.

From 2026, natural gas is anticipated to take the lead in energy demand, after a predicted peak in oil demand in 2024, Ms. Covarrubias noted.

Gulf Energy Information's EMGC 2019 is taking place in Nicosia, Cyprus from 6–7 March.

 


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 20, 2019 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.