Power & Energy Commodity Reports

CO2 permits to fall to EUR4 if EU fails to fix ETS

London, 1 August 2012

The price of carbon permits in the world’s biggest carbon market will fall to as low as 4 euros unless the EU makes good on a promise to temporarily cut supply in the $148-billion scheme. Thomson Reuters Point Carbon said in a statement that they expected the EU to agree to cut supply of permits by 800 million over the next three years, equivalent to a 13 percent cut in total supply, but only 200 million would be reinjected into the market in the following three years.

Read more: CO2 permits to fall to EUR4 if EU fails to fix ETS

More companies self-reporting trader concerns

Washington, 1 August 2012

More companies are self-reporting possible inappropriate behavior by traders to the U.S. Federal Energy Regulatory Commission (FERC) because of the agency's increased focus on preventing manipulation of the electricity and natural gas markets, FERC Chairman Jon Wellinghoff said Tuesday at a Platts Energy Podium.

Read more: More companies self-reporting trader concerns

Shale gas unlikely solution to UK's future energy needs

London, 3 July 2012

Over recent years the UK has become ever more dependent on the import of gas to supply our energy needs, presenting risks for our future energy security.

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'Fracking' safe with strong regulation, report says

London, 29 June 2012

Hydraulic fracturing (often termed "fracking") can be managed effectively in the UK as long as operational best practices are implemented and robustly enforced through regulation. That is the conclusion of a review by the Royal Society and the Royal Academy of Engineering released today (Friday 29th June).

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BP Statistical Review of World Energy 2012

June 2012

A Year of Disruption and Growth: The 61st Review of world energy annual report - highlights disruptions to supplies and ever-increasing demand as the two big energy stories of 2011. In the foreground, the ‘Arab Spring’ affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. These shocks pushed energy prices higher in much of the world, with oil prices reaching a record average of over $100 per barrel (bbl) for the first time in history.

Read more: BP Statistical Review of World Energy 2012

Energy Technology Perspectives 2012

Paris, 11 June 2012

A host of new technologies is ready to transform the energy system, offering the potential to drastically reduce carbon emissions, enhance energy security and generate a huge investment return, the International Energy Agency said in its flagship energy technology publication launched today.

The book, Energy Technology Perspectives 2012  (ETP 2012), explains how to enable and encourage technologies and behaviours that together will revolutionise the entire energy system and unlock tremendous economic benefits between now and 2050.

ETP 2012 builds on the IEA's Tracking Clean Energy Progress report, issued in April, which said that despite some recent progress in deploying renewable energy, most clean energy technologies are not on track to make their required contribution to reducing carbon dioxide (CO2) emissions and thereby provide a more secure energy system. 

Read more: Energy Technology Perspectives 2012

IEA report sees bright future for natural gas

Kuala Lumpur, 5 June 2012

Natural gas is well on its way to a bright future, according to a new report from the International Energy Agency that projects China will more than double consumption over the next five years while lower prices from the unconventional gas revolution will continue to benefit the United States.

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Reports of Nabucco pipeline's death exaggerated

London, 4 June 2012

The refining director at BP caused a stir last week in Berlin when he was interpreted as saying the full version of the Nabucco natural gas pipeline was no longer an option for the consortium working in the Shah Deniz natural gas field in Azerbaijan. Wire services had reported that his statements meant Nabucco was effectively dead despite years of political maneuvering. Not so, said the European Commission, and several other players involved in the 2,149-mile project. It makes sexy headlines to sink a $10 billion ship, but there are plenty of reserves to keep Nabucco at least on standby.

Read more: Reports of Nabucco pipeline's death exaggerated

"Golden Rules" for a Golden Age of Gas

London, 29 May 2012

Exploiting the world's vast resources of unconventional natural gas holds the key to a golden age of gas, but for that to happen governments, industry and other stakeholders must work together to address legitimate public concerns about the associated environmental and social impacts. A special World Energy Outlook report on unconventional gas, Golden Rules for a Golden Age of Gas www.worldenergyoutlook.org/goldenrules released today in London by the International Energy Agency presents a set of "Golden Rules" to meet those concerns.

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