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The future of natural gas in a low-carbon world: GECF and Shell present divergent pathways [Gas in Transition]


Natural Gas News
The future of natural gas in a low-carbon world: GECF and Shell present divergent pathways [Gas in Transition]
May 3, 2021 10:15:am
Summary
Shell sees natural gas demand peak in 2034 in its new Sky 1.5 scenario, which is designed to keep temperature increase limited to 1.5 degrees. From that point on, the role of gas will dwindle quickly, to virtually nothing by century’s end. By contrast, the Global Gas Outlook 2050 from the Gas Exporting Countries’ Forum (GECF) sees no peak at all for gas demand up to 2050 and views gas as the great winner of the energy transition. What are the assumptions behind these widely different perspectives? And how should gas companies deal with this kind of uncertainty? [Gas in Transition, Volume 1, Issue 1] ....

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DOE to award $160M to improve fossil-based hydrogen production, transport, storage, and utilization


DOE to award $160M to improve fossil-based hydrogen production, transport, storage, and utilization
The US Department of Energy’s (DOE) Office of Fossil Energy (FE) plans to make $160 million in federal funding (DE-FOA-0002400) available to help recalibrate the US’ vast fossil-fuel and power infrastructure for decarbonized energy and commodity production. The funding, for cost-shared cooperative agreements, is aimed to develop technologies for the production, transport, storage, and utilization of fossil-based hydrogen, with progress towards net-zero carbon emissions.
Fossil fuels currently provide the lowest cost pathway for producing hydrogen, according to cost data in a recent DOE/FE Hydrogen Strategy Document. The US will authorize advanced and novel technologies capable of improving the performance, reliability, and flexibility of methods to produce, transport, store, and use hydrogen. This will enable the US to continue to extract the maximum economic value from ....

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