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Gas markets

LNG bunker vessel at sea

8/3/2023 News

European gas demand sees steepest drop in recorded history

Unprecedented price rises following Russia’s incursion into Ukraine led to a 13% reduction in Europe’s gas demand in 2022 as governments responded swiftly with emergency policies, industry scaled back production and consumers dialled down thermostats, according to the International Energy Agency’s (IEA) latest Gas Market Report.

Methane

Head and shoulders photo of Mark Davis, CEO, Capterio

8/3/2023 Comment / Mark Davis

Gas flaring flagged at International Energy Week as a major opportunity to combat climate change

International Energy Week 2023 brought together representatives from across the energy sector and around the world to seek solutions to the challenges they face. The significant though largely preventable problem of venting, flaring and leaking methane was raised throughout the three-day conference. Here, Mark Davis, CEO of Capterio*, a gas flaring software supplier, looks at some of the different perspectives on solving this burning issue.

Technology

Panel of speakers sitting on stage with presentation screen behind and audience in front

EI Member only

8/3/2023 Feature / Brian Davis

Transition technology: no time for unicorns

Day two of International Energy Week 2023 focused on technology opportunities in the energy transition, with an emphasis on innovation and changing business models. The presenters felt there was no time for ‘unicorns’ (breakthrough technologies) as opposed to the incremental development of established solutions on the road to net zero. New Energy World's Brian Davis reports.

Access to energy

Damilola Ogunbiyi talking from stage at International Energy Week Dinner

8/3/2023 Comment / Damilola Ogunbiyi

‘It isn’t okay that 700 million people still don’t have electricity’ – transitioning the developing world

Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy, was the guest of honour at the International Energy Week Dinner, where she was presented with the Energy Institute’s President’s Award. Speaking with EI President Juliet Davenport OBE HonFEI, Damilola reminded the audience what the energy transition means for the developing world. Here follows an edited transcript of their exchange.

Renewables

Aerial view of offshore wind turbines and onshore wind turbines along coast line

1/3/2023 News

Investment in renewables reaches record high

Global investments in energy transition technologies reached record levels in 2022. But there are glaring disparities between investments in developed and developing countries, according to a new report from the International Renewable Energy Agency (IRENA).

Batteries

Artist’s impression of how the Britvolt’s planned EV battery gigafactory in Blyth might have looked

1/3/2023 News

Australian company bails out Britishvolt

Battery technology specialist Recharge Industries is to acquire Britishvolt, which went into administration earlier this year.

Batteries

UK cities lit up at night, seen from space

1/3/2023 News

New investment into UK battery storage announced at International Energy Week

Masdar CEO Mohamed Jameel Al Ramahi has announced additional investment of close to £1bn into battery storage projects across the UK during day two of International Energy Week.

Renewables

Head and shoulders photo of Steve Hodgson, Editor-at-Large, New Energy World

1/3/2023 Comment / Steve Hodgson

Spreading renewables around the planet

In these days of rapid growth of renewable energy technologies, the geography of the global energy industry is itself also changing, writes New Energy World’s Editor-at-Large Steve Hodgson.

Geopolitics

Two large industrial chimneys and building pipework set against blue sky and white clouds

EI Member only

1/3/2023 Feature / Steven Farmer,Aaron Hutman,Iris Karaman

Tug of war: Impact of Western sanctions and Russian countermeasures on the energy sector

How effective have Western sanctions been on Russian oil and gas operations? Here, Steven Farmer, Partner; Aaron Hutman, Partner; and Iris Karaman, Associate; at Pillsbury Winthrop Shaw Pittman LLP, look at the spectrum of initiatives aimed to impact the Russian supply chain and the sector’s revenue over the past year.

Energy security

Five panellists sat on International Energy Week stage with screen behind them

1/3/2023 News

An eventful first day of International Energy Week 2023

Day one of International Energy Week 2023 included presentations from industry executives such as BP CEO Bernard Looney and Elbia Gannoum, President of the Brazilian Wind Energy Association, as well as thought leaders including Professor Jim Skea of Imperial College London and the IPCC Working Group, and the Rt Hon Charles Hendry, Former Energy Minister for the UK government and Energy Institute (EI) Vice President. The EI also shared some important news (see Box), whilst activists outside and inside the event drew attention to the ongoing climate emergency.

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