Wood Mackenzie Power & Renewables’ Post

Great analysis by RenewEconomy on Australian Energy Market Operator (AEMO)'s latest gas shortfall warning, in a market where 75% of #gas output is sent overseas. IEEFA Asia Pacific sees more can be done on the demand side, and Victoria's gas transition plan is already having an impact. Plus gas use in #power generation continues to slide, but the latest GSOO shows a large resurgence. #energytransiton https://lnkd.in/gRauJfQH

EPCG Energy announced its FY2023 results: * EBITDA of EUR 7.3 billion, despite general decrease in European power prices marking a record level * Net financial debt of EUR 1.2 billion, evidencing financial strength and prudent financial management * Net power generation 72.5 TWh, placing EPCG Energy among the top European energy producers * Net installed capacity of 22 GW, contributing significantly to the reliability of Europe’s power supply * Operated flexible gas storage capacity of 64.3 TWh located in Slovakia, Germany, the Czech Republic, and in the UK * 16.1 bcm of natural gas transported and 4.3 bcm of natural gas distributed to customers * 3.5 TWh of thermal energy produced and delivered to customers https://lnkd.in/dp3H4TnH #EPCG #EPCG_Energy #EPH #EPETr

Wind & solar energy have hit record levels in EU power generation in 2024 as both fuels rapidly gain market share from gas and coal. The share of #wind & #solar power has surpassed last year’s record levels and accounted for about one third of EU power generation in April and May 2024 (see upper chart). While the share of wind & solar also continues to grow in the USA and in China, it remains at significantly lower levels of 20-22% and 20%, respectively. The rapid growth of wind & solar in the EU (reached 30% during Jan-May 2024) is driven by market share gains from #gas and #coal, which declined to 15% and 10%, respectively (see lower chart). As the share of wind & solar power grows, the EU is able to cut emissions in the power generation sector: #CO2emissions in power generation have also declined rapidly in the EU, year-over-year (y-o-y) by 18% to 230.5 million tonnes of CO2 equivalents (mtCO2e) during Jan-May 2024. This compares to a 3.5% Y-o-Y increase in the USA (to 625.5 mtCO2e) and to a 4.4% Y-o-Y increase to 2,362.8 mtCO2e in China during Jan-May 2024 (when 61% of China’s electricity still came from coal and only 20% from wind & solar). #Energy  

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/3JyBQZH

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/3UzuR9k

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/3UcYf3B

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/4degRc4

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/3y2mgmK

"An intelligent pipeline strategy enables infrastructure operators to create new capabilities, new business models, and innovate ahead of the competition." Alexey Lebedev, our Vice-President of Pacific, recently produced an article for Energy Source & Distribution discussing the delicate management of #gas supply and demand during the #energytransition. Gas is predicted to continue to play a significant role in the global energy system for the next fifteen years and having data-intelligent pipelines is critical to ensuring energy is used effectively and efficiently, argues Alexey. Read the article in full at https://bit.ly/3U5uAsY

Western Australia’s energy transition is in a “critical phase” according to the Australian Energy Market Operator (AEMO).   The 2023 WA Gas Statement of Opportunities (GSOO) identified a tight supply-demand balance for WA’s domestic gas market, highlighting the importance of new gas supply to power the state’s growing resources industry and support the South West electricity system as coal-fired power is phased out.   AEMO forecast potential gas supply under three GSOO scenarios (Low, Expected and High) – with the need for new gas supply to meet forecasted gas demand identified under all three.   Read our media release on the GSOO, and a report by Rystad Energy highlighting the growing importance of #NaturalGas and the need for investment in new supply, below:   🔗 https://bit.ly/3RQwiyt   🔗 https://bit.ly/3S161xT