According to a new White Paper published by 3i Oil, Gas & Power titled “Last Dash for Gas? Keeping Europe Out of Darkness”, an increase in gas-fired power generation is the only way of preventing a shortfall of capacity within the next ten years.
The report points out the possibilities of a reduction in generating capacity due to the boom-and-bust cyclical nature of developments. It supports the need for large-scale existing generation capacity replacement, and claims that, despite progress in some areas, renewable forms of power generation continue to have a limited impact on the overall market.
The paper also points out that with the implementation of certain initiatives such as low-emission generation (mostly nuclear), clean coal, and offshore wind at a utility scale could prevent an over reliance on gas fired production in the medium term.
3i’s paper states that all of these offer a range of challenges for developers, investors, and policy makers, but believes that with strong efforts to develop these programs across Europe, increased development of gas-fired generation can be sustained.
For a full view of 3i’s White Paper visit http://www.3i.com/publicationsandevents/the-last-dash-for-gas.html.
Recommended Reading
Venture Global’s Calcasieu Pass LNG Project Gets Boost from FERC
2025-02-07 - The Federal Energy Regulatory Commission released a report responding to an appellate court’s questions over Venture Global LNG’s Calcasieu Pass 2 project.
Energy Transition in Motion (Week of Feb. 7, 2025)
2025-02-07 - Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.
Paisie: Assessing an Uncertain Energy Future in Three Scenarios
2025-02-07 - Several years ago, Stratas Advisors developed three long-term energy scenarios. A scenario depicting greater market volatility in an increasingly unstable world is appearing more likely.
Hamm: Interior, DOE Leadership is a ‘Dream Team’
2025-02-06 - Harold Hamm, U.S. energy policy influencer and founder of wildcatter Continental Resources, said his top choices of Interior Secretary Doug Burgum and newly confirmed Energy Secretary Chris Wright will be a “dream team of unimaginable proportions.”