An Approach to Natural Gas Valorisation Opportunities Screening Along the Decarbonisation Path

2021 ◽  
Author(s):  
Massimo Iovane ◽  
Marco Flisi
Keyword(s):  
Natural Gas ◽  
Carbon Footprint ◽  
Local Governments ◽  
Business Models ◽  
Energy Transition ◽  
Master Plan ◽  
Main Question ◽  
Global Energy ◽  
Plan View ◽  
Wide Range

Abstract Evolving energy needs and the global energy transition call for proper evaluation of how Natural Gas could support a Decarbonisation path, considering Natural Gas well recognised contribution to GHG emission reduction approaching the ambitious Green World. However, the main question is how gas resources can be properly delivered to satisfy a wide range of markets and usages considering that fundamental driver is the goal of reducing carbon footprint. A methodology was developed, named Gas Master Plan (GMP), which is an integrated study with a novel view, looking to synergic opportunities among energy sources while defining economically sustainable business models and meeting Decarbonisation targets. A Gas Master Plan is a multidisciplinary study assessing the best valorisation routes for Natural Gas resources in a specified country or geographical region. This kind of study analyses gas and energy supply/demand balance, understanding current and future markets and looks for adequate destinations, check existing infrastructures and further possible developments carried by Local Governments or private entities, identify potential gas production for all the involved resources, business modelling, understanding the benefits to the global energy transition targets that such resources could deliver and screening monetization opportunities under a strategic plan view. Thus, a GMP is not just an analysis of upstream volumes to verify whether they match commitments and still fit in their future development plans but it is company-wide joint effort to gather ideas, proposals, topics or issues to be addressed and possible solutions. Broadly speaking resources considered in a typical GMP would be: those under an exploration phase, those just discovered for which a proper development has to be realised, those already in production but for which new market opportunities can be scouted in order to improve their benefit on the energy transition paths while seeking further economic returns. The primary result is to develop a strategy to optimize present production and the development and valorisation of future gas assets, identifying the related GHG profile for each opportunity, supporting the decision-making process on new/future gas initiatives with a coherent plan. The resulting outcomes and conclusions may address specific topics on the short to medium term, like associate to a gas field the proper development project to cover gas and energy commercial demand, or set targets achievable on the medium to long term like supporting a low carbon footprint growth in the energy sector and promoting gas-based industries.

scholarly journals The Prospects for Reducing the Carbon Footprint in Liquefied Natural Gas Industry

2021 ◽  
Vol 134 (3) ◽  
pp. 3-10
Author(s):  
D. M. Grigoyeva ◽  
◽  
E. B. Fedorova ◽  
Keyword(s):  
Natural Gas ◽  
Carbon Footprint ◽  
World Economy ◽  
Energy Transition ◽  
Liquefied Natural Gas ◽  
Export Market ◽  
Low Carbon ◽  
Gas Industry ◽  
Natural Gas Industry

To meet the terms of the Paris Agreement, it will be necessary to restructure the world economy, make an energy transition to low-carbon development, which will subsequently affect the conventional energy sources industry and, in particular, the liquefied natural gas (LNG) sector. The article provides an overview of the prospects for reducing the carbon footprint in the gas industry. Technical, political and economic measures of decarbonization formation are given. The prospects of the natural gas export market for Russia are outlined. The classification of technologies related to carbon dioxide capture is presented. Special attention is paid to reducing greenhouse gas emissions in the LNG industry.

Analysis on new types of electric power businesses using a morphological box

2020 ◽  
pp. 0958305X2091941
Author(s):  
Chankook Park ◽  
Daeyoun Lee
Keyword(s):  
Electric Power ◽  
Consumer Choice ◽  
Local Governments ◽  
Business Models ◽  
Service Innovation ◽  
Power Sector ◽  
Distributed Resources ◽  
Wide Range ◽  
Electric Power Sector ◽  
Business Cases

This study analyzed new electricity business cases with an aim to categorize them systematically based on theoretical grounds. The previous research studies on new businesses in the electric power sector lack the perspicuous theoretical basis for the criteria for classification and fail to examine a wide range of cases or the further possibility of new businesses development. Complementing the shortcomings, we adopted the morphological box for categorization to compare several business cases and draw the main types of businesses. It has revealed that utilities as well as residential, commercial, industrial customers also act as the main customers for the distributed resources while cooperation among different industries is growing rapidly, and local governments are actively involved in the business as the main providers. Also, cases related to consumer service innovation including consumer choice expansion and customized services are often seen. Furthermore, free services have emerged in the sector. This study has significance in that it successfully reassessed the theoretical arguments on business models and rearranged the parameters of the morphological box suitable for analyzing more than 100 business cases.

Energy Transition: Optimizing Existing E&P Value and Clean Energy Potential

2021 ◽  
Author(s):  
Paul Allan ◽  
Richard Brogan
Keyword(s):  
Carbon Footprint ◽  
Energy Transition ◽  
Clean Energy ◽  
Mitigation Strategies ◽  
P Value ◽  
Low Carbon ◽  
Carbon Reduction ◽  
Trade Offs ◽  
Wide Range

Abstract Reduction of CO2 emissions has become a key component of many E&P company strategies, reflecting the accelerating demands of interest groups, activist investors, and country specific legislation for specific targets and measures of carbon footprint reduction. Underlying this requirement for change are the existing investments and cash flows resulting from the core ‘conventional’ business opportunities, that while potentially carbon heavy generate the cashflows needed to sustain and grow the business. Our work with several major energy firms has shown that assumptions and decisions impacting the pace of needed change need to be carefully tested, as many of the optimal decisions are counter intuitive. An example at a large integrated company was the insight that expansion of its shale resource investments accelerated the transition to a lower carbon footprint, given the cashflow generation and potential to advance low carbon alternatives in parallel. A portfolio model has been developed that replicates many of the options a company might assess in developing a strategy for carbon reduction and energy transition. This includes estimations of carbon generation from existing businesses as well as carbon reducing strategies ranging from carbon capture to new clean energy sources such as wind, solar, or hydrogen. A case study is used to represent the existing performance delivery and expectations for a large, integrated oil firm as it ‘transitions’ into a cleaner, low-carbon company. This modelling provides a window into the complexity of timing trade-offs, criticality in specific early investments, and drivers to the decisions surrounding a transitional business. The impacts of stasis, premature ‘forced’ transition, and errors in new clean energy ‘bets’ are assessed and tested, providing insights into risk mitigation strategies and alternatives. The case study clarifies the complexity in trade-offs within what appears to be a ‘simple’ energy transition strategy. This highlights the value and insights resulting from quantitative modelling of these decision structures. This paper provides examples of current methods of quantifying and assessing carbon reducing strategies. As the actual costs of generation depends on political considerations and societal demands, a wide range of typical company assumptions is outlined. In assessing alternative sources, the paper outlines the related ‘costs’ in the most touted clean-energy alternatives, both in the costs of implementation as well as the possible costs or charges resulting from future carbon generation. While most integrated energy companies have considered carbon reduction within their strategic plans for many years now, the investments in carbon reduction are for the most part negligible in comparison to conventional investments. International attention to carbon reduction and changes in societal expectations are putting additional pressures on companies to adapt more rapidly. However, transition introduces additional uncertainty, as seen by the possibility of a reduction in the credit ratings of some companies. Planning and understanding the proposed path is key to success.

scholarly journals New Concepts of Hydrogen Production and Storage in Arctic Region

Resources ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 3
Author(s):  
Mikhail Dvoynikov ◽  
George Buslaev ◽  
Andrey Kunshin ◽  
Dmitry Sidorov ◽  
Andrzej Kraslawski ◽  
...  
Keyword(s):  
Natural Gas ◽  
Carbon Footprint ◽  
Oil And Gas ◽  
Gas Condensate ◽  
Added Value ◽  
Hydrogen Energy ◽  
Low Carbon ◽  
Associated Petroleum Gas ◽  
Wide Range ◽  
Production Of Hydrogen

The development of markets for low-carbon energy sources requires reconsideration of issues related to extraction and use of oil and gas. Significant reserves of hydrocarbons are concentrated in Arctic territories, e.g., 30% of the world’s undiscovered natural gas reserves and 13% of oil. Associated petroleum gas, natural gas and gas condensate could be able to expand the scope of their applications. Natural gas is the main raw material for the production of hydrogen and ammonia, which are considered promising primary energy resources of the future, the oxidation of which does not release CO2. Complex components contained in associated petroleum gas and gas condensate are valuable chemical raw materials to be used in a wide range of applications. This article presents conceptual Gas-To-Chem solutions for the development of Arctic oil and gas condensate fields, taking into account the current trends to reduce the carbon footprint of products, the formation of commodity exchanges for gas chemistry products, as well as the course towards the creation of hydrogen energy. The concept is based on modern gas chemical technologies with an emphasis on the production of products with high added value and low carbon footprint.

The Role of Natural Gas in Energy Transition

2020 ◽  
Author(s):  
Emilio Angulo Rodríguez ◽  
Ariel Yépez-García
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
International Energy Agency ◽  
Energy Transition ◽  
Annual Growth Rate ◽  
Energy Matrix ◽  
Energy Agency ◽  
Global Energy ◽  
Firm Power ◽  
Gas Market

As of 2004 and continuously to this day, the annual growth rate of renewable sources has been greater than that of all fossil fuels combined. In the midst of this transition to cleaner energy, natural gas is the only fossil fuel that has increased its share in the global energy matrix. Technological changes in the LNG supply chain, as well as transformations in the global natural gas market, largely explain this growth. This publication provides evidence on the fundamental role that natural gas plays in the energy transition, given that: (i) its greenhouse gas emissions are substantially lower than those of oil and coal; (ii) it provides the firm power necessary to complement intermittent renewable energies; (iii) it is particularly safe compared to other fossil fuels. In line with these attributes, the International Energy Agency projects that the share of natural gas in the global energy matrix by 2040 will remain stable (around 24%), even in its Sustainable Development Scenario, which would allow to meet the goals established in the Paris Agreement.

Qatar's Foreign Policy Priorities during the Global Energy Markets Evolution

2021 ◽  
Vol 65 (9) ◽  
pp. 108-117
Author(s):  
N. Kozhanov
Keyword(s):  
Foreign Policy ◽  
Natural Gas ◽  
Energy Transition ◽  
State Theory ◽  
Small States ◽  
Global Energy ◽  
Gulf Countries ◽  
Main Challenge ◽  
The Persian Gulf ◽  
The Impact

Using elements of the ‘small state’ theory, the article examines relations between Qatar’s foreign policy priorities and existing challenges to Doha’s presence at the natural gas markets caused by the impact of the US shale revolution, beginning of the global energy transition, and COVID 19 pandemic. These factors shifted the critical emphasis in the concept of the Persian Gulf energy security. The oversupply of gas that has been existing in the markets since 2019 and the emergence of new leaders in the list of leading LNG exporting countries in recent years significantly changed the situation in the markets in favor of consumers, who can now diversify their sources of supply. Under these circumstances, the sustainability of gas exports from the Gulf countries is no longer a factor of supply security, but an element of demand security: while LNG consumers have access to alternative suppliers, it is Qatar that has to fight for its place in the market, ensuring a stable demand for its main export product. This, in turn, forces Doha to re-adjust its relations with both the consumer countries and main rivals at the LNG market. Under the new circumstances, Qatar’s main challenge remains unchanged: it has to maintain sufficient financial revenues received from the LNG exports to ensure its more active and independent foreign policy that differs it from other so-called “small states”. Yet, to achieve this, Qatar is following the traditional strategy of small states: it hedges its risks through forming multilevel coalitions and alliances with both consumers and exporters of natural gas.

scholarly journals Natural Gas and Biomethane in the European Road Transport: The Latvian Perspective

2020 ◽  
Vol 57 (3) ◽  
pp. 57-72
Author(s):  
J. Savickis ◽  
L. Zemite ◽  
N. Zeltins ◽  
I. Bode ◽  
L. Jansons
Keyword(s):  
Natural Gas ◽  
Alternative Fuels ◽  
Ghg Emissions ◽  
Energy Transition ◽  
Road Transport ◽  
Transport Sector ◽  
The European Union ◽  
Wide Range ◽  
Total Transport ◽  
The Eu

AbstractThe European Union (hereafter – the EU) takes a strong position in the global fight against climate changes by setting ambitious targets on reduction of greenhouse gas (hereafter – GHG) emissions. A binding target is to reduce those emissions by at least 40 % below 1990 levels till 2030, which would help make Europe the first climate neutral continent by the mid-21st century. Consequently, the expected 2050 emission reduction target for the EU is 80 %–90 % below 1990 levels. The EU’s new economy decarbonisation framework – The European Green Deal – outlines and summarises Europe’s ambition to become a world’s first climate neutral continent by 2050. This supposedly can be achieved by turning climate and environmental challenges into opportunities across all policy areas and making the energy transition just and inclusive for all.The transport, and particularly road transport, is one of the most significant fossil fuel dependent segments of national economies across the EU. Oil dependency of all segments of the transport sector makes it the single biggest source of GHG emissions in the united Europe as well. Road transport is responsible for about 73 % of total transport GHG emissions, as Europe’s more than 308.3 million road vehicles are over 90 % reliant on conventional types of oil-based fuels (diesel, gasoline etc.).However, there is a wide range of low-emission alternative fuels for all kinds of transport that can reduce overall oil dependence of the EU’s transport sector and significantly lower GHG in road transport. Among these alternatives a tandem of the natural gas and biomethane could be named as one of the most promising for short and mid-term transport decarbonisation solutions both in the EU and Latvia.

scholarly journals Australian Renewable-Energy Microgrids: a Humble Past, a Turbulent Present, a Propitious Future

2022 ◽  
Author(s):  
Simon Wright ◽  
Mark Frost ◽  
Alfred Wong ◽  
Kevin A Parton
Keyword(s):  
Renewable Energy ◽  
Business Models ◽  
Energy Transition ◽  
Feasibility Studies ◽  
Future Research ◽  
Full Potential ◽  
Global Energy ◽  
Technical Drawing ◽  
Rapid Transition ◽  
Key Aspects

AAs the global energy market undergoes a wholesale transformation accelerated by the need to decarbonise, a rapid transition to renewable energy and the mass deployment of distributed energy resources, autonomous energy networks or microgrids are emerging as an attractive mechanism for the delivery of electricity to end users. Yet in Australia, at least, relatively little is known about key aspects of microgrids that are fundamental to their successful deployment, not least the more commercial and economic elements rather than the purely technical. Drawing on the extant global literature on microgrids, this paper explores the most important of these aspects including business models, ownership and investment. Identifying the ambiguity, inconsistency and uncertainty evident in many of the feasibility studies currently in train across Australia, this paper highlights specific areas for future research that need to be addressed if the full potential of microgrids is to be realised in the context of a global energy transition both domestically and internationally.

Network Organizational Structure (a Scientific and Practical Review)

2020 ◽  
Vol 26 (6) ◽  
pp. 613-618
Author(s):  
A. V. Altukhov ◽  
S. A. Tishchenko
Keyword(s):  
Organizational Structure ◽  
Network Structure ◽  
Business Models ◽  
Scientific Development ◽  
Network Structures ◽  
Scientific Publications ◽  
Wide Range ◽  
Modern Business ◽  
History Of ◽  
Business Structures

The presented study reviews practically relevant research papers in the field of network structures, modern network business models and platforms.Aim. The study aims to elaborate and explain the concept of network structure and platform and to show the reasons for the progressiveness and potential of network organizational structure at the current stage of socio-economic and scientific development.Tasks. The authors highlight the main scientific ideas about network structures in business, including significant studies in this area; provide and explain the main terms and definitions and examine the key characteristics of network business structures; characterize “platforms” as an important concept for modern business and show the relationship between platforms and network structures.Methods. This study uses analysis of information and subsequent synthesis of new knowledge in the form of the authors’ conclusions and a wide range of relevant scientific publications of Russian and foreign authors, including original publications in English and French.Results. The history of network structures is briefly provided. Definitions and characteristics of such concepts as “network structure” and “platform” in relation to business are provided and explained by the authors.

Humans as a Service

2018 ◽  
Author(s):  
Jeremias Prassl
Keyword(s):  
Business Models ◽  
Disruptive Innovation ◽  
Level Playing Field ◽  
Employment Relationships ◽  
Playing Field ◽  
On Demand ◽  
Gig Economy ◽  
Wide Range ◽  
Digital Work ◽  
Stable Employment

The rise of the gig economy is disrupting business models across the globe. Platforms’ digital work intermediation has had a profound impact on traditional conceptions of the employment relationship. The completion of ‘tasks’, ‘gigs’, or ‘rides’ in the (digital) crowd fundamentally challenges our understanding of work in modern labour markets: gone are the stable employment relationships between firms and workers, replaced by a world in which everybody can be ‘their own boss’ and enjoy the rewards—and face the risks—of independent businesses. Is this the future of work? What are the benefits and challenges of crowdsourced work? How can we protect consumers and workers without stifling innovation? Humans as a Service provides a detailed account of the growth and operation of gig-economy platforms, and develops a blueprint for solutions to the problems facing on-demand workers, platforms, and their customers. Following a brief introduction to the growth and operation of on-demand platforms across the world, the book scrutinizes competing narratives about ‘gig’ work. Drawing on a wide range of case studies, it explores how claims of ‘disruptive innovation’ and ‘micro-entrepreneurship’ often obscure the realities of precarious work under strict algorithmic surveillance, and the return to a business model that has existed for centuries. Humans as a Service shows how employment law can address many of these problems: gigs, tasks, and rides are work—and should be regulated as such. A concluding chapter demonstrates the broader benefits of a level playing field for consumers, taxpayers, and innovative entrepreneurs.

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