Climate change: European disunion
Consensus across the continent on energy and emissions policy is severely lacking
The EU remains a global leader on carbon emissions reductions: renewables use is growing and the bloc should easily meet its 2020 target, while both governments and EU-based car makers have big plans to hasten the switch away from gasoline and diesel to electric vehicles. That's the good news. The bad news is that policy remains bitty and regional biases prevail. At June's G20 meeting in Hamburg, European leaders, along with those of China and other leading economies, put up what looked like a united front against US president Donald Trump's rejection of the Paris climate change accord. But not all is rosy in the garden—and not everyone in European capitals rejects Trump's thinking, at least
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
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Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
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Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour
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LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
