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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

Offshore

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

Energy

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Energy’s Promising Future Threatened

Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

People in the News

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

Frontline Disappoints with Deeper 3Q Loss

Frontline, once the world's biggest crude oil tanker company, reported a bigger than expected third-quarter loss on Tuesday and said it is still considering options

Greece Deploys Frigate to Stricken Rescue Ship

Greece has sent a frigate to rescue a container ship believed to carrying hundreds of undocumented migrants and in distress off its southern island of Crete, the Greek coastguard said on Tuesday.

Offshore Energy

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1622 sec (6 req/sec)