With rising proof that the climate impacts of pure gas are similar to coal, the European Fee is planning to study methods to scale back methane emissions throughout the life cycle of pure fuel manufacturing and consumption, with potential implications for fracked fuel producers within the U.S.
“Work has begun on the methane emissions linked to the vitality sector, together with oil and gasoline manufacturing and transport, but additionally coal mines and we’re planning on presenting the strategic plan nonetheless this year,” mentioned an unnamed official working with European Union (EU) power commissioner Kadri Simson, as reported by Euractiv.
The EU obtains natural gas from many sources, each in gasoline kind by way of a pipeline and as pure liquefied fuel (LNG). One space of this EU can be methane emissions over the life cycle of LNG imports from U.S. fracked pure fuel.
The U.S. is awash in pure gasoline from fracked shale basins, which has precipitated costs to plummet — creating big losses for natural gas producers in America — and the nation has been quickly ramping up exports of LNG to cope with this excess.
Regardless of the big price drops and a glut of pure gasoline — each within the U.S. and globally — that solid doubt on the financial viability of U.S. LNG exports, the Trump administration simply accepted permits for four new LNG export facilities in Texas alone. U.S. Secretary of Energy Dan Brouillette commented on the new approvals, particularly mentioning the purpose of exporting extra U.S. LNG to Europe.
Europe is at the moment a prime vacation spot for U.S. LNG exports, with Spain and France receiving probably the most out of European countries in 2019.
Bloomberg lately analyzed the climate impact of U.S. LNG manufacturing amenities and reported that “an evaluation reveals the vegetation’ potential carbon dioxide emissions rival these of coal.”
However, the oil and fuel business is putting serious ad dollars into positioning pure gasoline as a climate answer. As renewables have change into extra value-competitive, the business has shifted its language away from selling natural gas as a bridge fuel to renewables and towards fuel as a “foundation fuel.”