Based on the U.S. Energy Information Administration (EIA) findings analysis, it is expected that the US energy industry will further develop its shale oil and gas extraction, along with the increase in the share of renewable energy sources (RES) and wide introduction of energy-saving technologies in the country’s energy balance in 2019, and in the longer term.
The United States can become the leader in reducing CO2 emissions (by means of intensification of appropriate actions at the federal level), which will create conditions for stabilizing the level of energy consumption for the period up to 2050.
The European Commission released a report on the implementation of the Strategic Action Plan on Batteries, which was approved in May 2018. The purpose of this report is to review progress in the implementation of a coordinated EU policy on overcoming the dependence on the import of batteries and technological backwardness from key competitors in East Asia.
On May 2, 2019, the 1st business forum of the “EU-US Energy Council” entitled “Towards Large Scale US LNG Exports to the EU” was held in Brussels. The event was attended by the representatives of the European Commission, energy ministers of the EU countries, representatives of the US Department of Energy and representatives of American and European LNG export and import companies.
The Berlin Energy Transition Dialogue 2019, an international professional conference, organized by the German government (federal ministries of economy, energy, and foreign affairs) which was held in Berlin on April 9-10, 2019, jointly with the Bundestag profile committee, presented an updated electric grids development plan in Germany.
On April 15, 2019, Vice-President of the European Commission for Energy, Maroš Šefčovič, announced the allocation of another EUR 214.9 million by the European Commission to Poland for the construction of the “Baltic Pipe”. In conjunction with the Polish LNG terminal, in the reverse mode the “Baltic Pipe” will be able to provide the transportation of regasified liquefied gas to Denmark and Sweden.
In April 2019, the report of the European Commission to the European Parliament, the Council of the EU, the European Economic and Social Committee and the European Committee of the Regions on progress in the field of renewable energy sources (RES) was presented. The report summarizes progress in the development of RES in the EU in terms of commitments undertaken by 2020, analyzes issues of RES and predicts the long-term development until 2030.
On April 3, 2019, Dr. Piotr Naimski, Plenipotentiary of the Government for Strategic Energy Infrastructure, announced the start of preparations for the second phase of construction of the “Lech Kaczyński” LNG terminal in Świnoujście. As Dr. Naimski said on March 18, the European Commission agreed to allocate EUR 128 million to Poland for the completion of the second stage of the LNG terminal, namely to increase the production capacity of the terminal from 5 to 7.5 billion cubic meters of gas per year and for the completion of additional gas storage and gas infrastructure.
Over the past 50 years, global volumes of LNG production have increased 21 times – from 189 billion cubic meters of LNG per year in the period from 1967 to 1990 – up to 676 billion cubic meters of LNG annually by the end of 2018. At present, the share of LNG in the total annual gas consumption in the world (3.67 trillion cubic meters) is 18%.
Jonathan Stern, head of gas programs at the Oxford Energy Research Institute, believes that by the end of 2025 global volumes of liquefied natural gas (LNG) will increase by 418 billion cubic meters of gas per year (up to 1 trillion 94 billion cubic meters of gas). The growth of LNG production will mainly result from the launch of new LNG projects in the US, the potential capacity of which is estimated at 265 billion cubic meters of gas.
On March 8, 2019 in Brussels, the European Commission Spokesperson for climate action and energy, Anna-Kaisa Itkonen, made a statement on the results of the implementation of the Joint U.S.-EU Statement on strategic cooperation with respect to energy, signed on July 25, 2018 by the President of the European Commission J.Juncker and US President D.Trump. Since the signing of the statement, the export of US liquefied natural gas to the EU has grown by 181%. From the beginning of this year, liquefied gas from the United States amounted to 12.6% of the total LNG import into the EU.