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Even as many countries and companies around the world continue to ramp up their use of wind and solar power and explore the potential for a variety of renewable, low- or no-carbon fuels, there’s a growing acknowledgment that natural gas — imperfect though it may be from a climate perspective — is a readily available and relatively clean source of energy and that it will remain a significant part of the global energy mix for decades to come. A lot of this rethinking is tied to energy security. Russia’s February 2022 invasion of Ukraine provided a stark reminder to climate-minded Europe (and the rest of us, too) that while the shift to a lower-carbon economy is important it needs to be carefully paced — that it won’t do anyone any good to have an entirely “green” grid that produces only a fraction of the energy the world needs.
In this Drill Down Report, we will discuss the certified gas topic from a variety of angles, beginning with a look at how methane emissions are monitored and measured and how natural gas is certified. We’ll follow that up with discussions on oil and gas companies at the forefront of the certified gas; U.S. industrial companies and utilities that have purchased certified gas; the EPA’s new methane rule and its potential impacts; and the EU’s methane rule and what it may mean for U.S. LNG exporters.
Key takeaways from the report include:
- Natural gas will continue to play a significant role in a lower-carbon economy.
- Regulators, producers pushing to improve environmental profile.
- Primary aim is to reduce methane emissions, which have outsized climate impact.
- Demand has been increasing for ‘certified’ gas with low methane intensity, or MI.
- Climate-related regulations will accelerate demand growth for certified gas.
- Market players should track efforts to reduce methane emissions, certify gas.
“A Whole New World” is included in RBN Energy’s 2024 Drill Down report series, a suite of reports covering many of the key issues expected to impact the markets for crude oil, natural gas and natural gas liquids. Drill Down reports are part of RBN Backstage Pass™ premium resources that also include Blog Archive Access, Spotcheck Indicators, Market Fundamentals Webcasts, Get-Togethers and more. By subscribing to RBN’s Backstage Pass™ Premium Services, you plug into our network and get direct access to our premium resources.
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