The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in natural gas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade. According to IGU’s report, global gas demand in 2023 increased by 59 billion cubic
Read More...The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...As the now-presumptive Democratic nominee for president, Vice President Kamala Harris is already attempting to walk back her past anti-energy rhetoric to win over voters in energy-producing states like Pennsylvania. Most recently, Harris’ campaign reversed her antagonistic stance towards fracking – which she made on the record repeatedly as a candidate herself – stating that she does not support a nationwide ban on
Read More...Senior Climate Adviser to the White House, John Podesta, praised the oil and gas industry and defended its continued development in recent comments to the Guardian: “The US is now the number one producer of oil and gas in the world, the number one exporter of natural gas, and that’s a good thing, because following
Read More...Since 2013, the country’s largest wholesale electricity market has doubled its natural gas combined-cycle plant capacity, sharply lowering the country’s emissions and energy costs, according to new data from the Energy Information Administration (EIA). “Use of the coal fleet in PJM, the country’s largest wholesale electricity market, has fallen over the last decade, driven largely
Read More...Although natural gas production rose by 40 percent from 2015 to 2022, methane emissions simultaneously fell by 37 percent, according to an analysis by environmental groups Ceres and the Clean Air Task Force (CATF) using Environmental Protection Agency data. The report also states that overall greenhouse gas emissions fell by 14 percent while methane and
Read More...Ahead of the two-year anniversary of the implementation of the United Kingdom’s windfall tax, Energy in Depth examines its continued negative impact on the North Sea oil and gas sector. As EID has previously discussed, the windfall tax (formally known as the Energy Profits Levy) was introduced in May 2022 and increased from its
Read More...As the tech industry invests more heavily in data centers for the growing Artificial Intelligence (AI) market, natural gas will be essential to meet surging electricity demand. According to Wells Fargo, electricity demand is forecast to grow as much as 20 percent by 2030 due to the rise in AI. The oil and natural gas
Read More...Natural gas is responsible for the majority of reductions in carbon dioxide emissions from the power sector, according to the Energy Information Administration’s 2023 U.S. Energy-Related Carbon Dioxide Emissions report. The data once again demonstrates the critical role natural gas plays in reducing U.S. CO2 emissions. Read the full post on EIDClimate.org. The post EIA:
Read More...Last week at the World Energy Congress, a global event hosting thousands of the world’s most important energy stakeholders in the Netherlands, executives, experts, and diplomats all repeated the same message: the world needs to lower carbon emissions without compromising the supply of oil and natural gas. Whilst oil and natural gas is diversifying, millions
Read More...Switching from propane to natural gas can be a cost-effective and convenient choice for homeowners. Natural gas is a clean-burning fossil fuel that produces fewer greenhouse gas emissions than propane. It is also widely available and can be connected to the existing gas lines in most homes. One of the benefits of switching from propane
Read More...Propane is a popular fuel source for a variety of appliances, including grills, generators, and heating systems. However, many people are unsure of how long propane lasts and when they need to refill their tanks. The lifespan of propane tanks can vary depending on several factors, including the size of the tank, the amount of
Read More...The Biden administration’s LNG permit freeze has sparked national and international debate over LNG export facilities and the LNG industry as a whole. President Biden’s election-year decision has been deemed purely political and detrimental to U.S. energy and economic security, garnering bipartisan, industry and even international opposition. EID has previously debunked the many myths surrounding
Read More...After months of build-up and nearly two weeks of negotiations, COP28 has come to an end with a deal agreed by nearly 200 countries. Headlines this morning have honed in on the news that, for the first time, the agreement includes language about the transition away from fossil fuels. Dubbed the UAE consensus, the final
Read More...With calls for a rapid and disorderly fossil fuel phase-out making headlines as we enter into COP28, a timely research report from Carbon Tracker shows just how dangerous such a transition would be for the Global South. Carbon Tracker, an energy transition think-tank, has today released a research report Petrostates Of Decline which finds that
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