Statoil's Lund: Natural Gas is a Big Opportunity for Germany

Posted By Gabby DelGatto
Wednesday, June 25, 2014
Statoil CEO Helge Lund (Credit Statoil)

“There is a large potential for Germany to cut its climate emissions in a cost-effective way through the increased use of natural gas”, said Statoil CEO Helge Lund
Switching from coal to gas as the power sector is a significant opportunity to cut emissions. This alternative can save more than 50% of emissions per kilowatt-hour of electricity produced. 

“I think it is both timely and necessary for German to develop a plan for how natural gas can contribute to fulfilling the ambitions of the Energiewende (energy transition). Increasing the use of natural gas will be beneficial both for the German economy and for the climate,” Lund said.

On June 24, the Statoil CEO addressed about 120 invited guests at a Berlin event—titled “Natural gas as a climate protection engine. Does Energiewende need a gas market strategy?”  Some guests to attend include: members of the German Parliament, energy industry, business associations, think tanks and academia.  The affair was co-hosted by Statoil and Wintershall, Germany’s largest crude oil and natural gas producer. Rainer Seele, Wintershall CEO, was in attendance to represent the company.

In attendance for the German government was, Uwe Beckmeyer, parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy, and Stephan Steinlein, Federal Foreign Office state secretary.
A study on the potential of natural gas as a decarbonisation tool in Germany was presented by the Institute of Energy Economics at the University of Cologne. The study, which has analyzed  economically efficient ways of mitigating CO2, reveals that natural gas is best positioned in the power and heating sectors.

Today around 45% of Germany’s power is generated by burning coal, while gas only contributes 10%. According to the study commissioned by Statoil and Wintershall, the coal-to-gas switch is virtually the only current option to cut power sector emissions.

Additionally, the study explains that natural gas can play a pivotal role in decarbonizing the heating sector. Emissions of 18 million tones of CO2 can be reduced at negative per ton of CO2, by simply replacing old and inefficient heating systems.

Lund underlined that a robust CO2 price is needed in driving cost-efficient emission reductions.
“This clearly demonstrates that in order for Germany to reach its 40% reduction target in 2020, gas needs to increase its share in the energy mix, and the use of coal needs to be strongly reduced,” said Lund.

He continued, “Through the process of establishing an EU energy and climate framework towards 2030, Germany should take the lead in ensuring that the EU emission trading scheme becomes Europe’s main tool for decarbonisation. In addition, I encourage Germany to design a plan for how increased use of natural gas can contribute in fulfilling the ambitions of the Energiewende,”
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Offshore

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Oil Platform Ablaze in the Gulf of Mexico

Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported.

Subsea Crane Takes a Long Journey

Last September the test bed in Rostock was the stage of a single lift of the RL-K 7500 subsea crane. The same crane was then loaded and shipped to the South Korean customer.

Energy

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

People in the News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Offshore Energy

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Technip Certified to EDGE Standard

Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters,

Oil Platform Ablaze in the Gulf of Mexico

Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2444 sec (4 req/sec)