Created with Sketch.
Podcast – Oxford Institute for Energy Studies
25 minutes | 3 days ago
Oxford Energy Podcast – China day takeaways: How do long-term ambitions sit with short-term realities?
In this OIES Energy Podcast, Michal Meidan and David Ledesma discuss the key messages from the China Day that was held in mid-April. The China Day consisted of five webinars discussing various aspects of the 14th Five Year Plan and the country’s recently issued 2060 carbon neutrality goal. In this conversation, Michal and David take stock of some of the overarching themes that came up across the sessions, including the role of the state and the role of markets; the central government’s plans compared to implementation on the local level; the winners and losers from the energy transition and how they are perceived domestically. The podcast also looks at some of the implications for the oil, gas and power sectors as discussed in the China Day. The post Oxford Energy Podcast – China day takeaways: How do long-term ambitions sit with short-term realities? appeared first on Oxford Institute for Energy Studies.
31 minutes | 11 days ago
Oxford Energy Podcast – Beyond Energy: Incentivising Decarbonization through the Circular Economy
In this OIES Energy Podcast, Anupama Sen (OIES) and Carlo Napoli (Enel Foundation) discuss with David Ledesma the key messages from their recent publication “Beyond Energy: Incentivising Decarbonization through the Circular Economy”. The authors discuss why the hitherto predominant approach to decarbonization – focusing on adding renewables in power generation and improving energy use efficiency – could be inadequate given countries’ recent, accelerated ambitions on net zero carbon targets, and how the Circular Economy can be a strong complement to existing policies in enhancing decarbonization. The authors also argue that circular economy approaches need to be implemented through strong public policy frameworks, to avoid unintended effects, and ensure that the conditions are met in order for these approaches to lead to net economic as well as environmental benefits. Anupama and Carlo also discuss the practical barriers to the implementation of Circular Economy approaches, with David. The post Oxford Energy Podcast – Beyond Energy: Incentivising Decarbonization through the Circular Economy appeared first on Oxford Institute for Energy Studies.
29 minutes | 19 days ago
Oxford Energy Podcast – Hydrogen in Europe
The EU and a number of its member states have now published hydrogen strategies and Europe continues to lead the way in the decarbonisation of its gas sector. In this latest OIES Energy Podcast James Henderson talks with Martin Lambert and Simon Schulte about their latest paper entitled “Contrasting European Hydrogen Pathways” which examines the plans in six major EU countries. They discuss the outlook for various forms of hydrogen supply, contrasting the potential for green hydrogen from renewable energy with the outlook for blue hydrogen using steam-reforming of methane as well as hydrogen generated from surplus nuclear energy. They also examine the potential sources of demand, considering existing use of hydrogen in industrial processes as well as the potential for hydrogen to displace hydrocarbons in the steel and cement industries. Finally, the podcast also looks at the potential for imports of hydrogen and its distribution within Europe, while also considering some key milestones that can provide indicators of how the region’s hydrogen plans are playing out. The post Oxford Energy Podcast – Hydrogen in Europe appeared first on Oxford Institute for Energy Studies.
34 minutes | 24 days ago
Oxford Energy Podcast – Ukraine-EU gas market integration short-term progress, long-term challenges
Over the past 12 months Ukrainian storage has provided a vital safety valve for the European gas market. In this latest OIES Energy Podcast James Henderson discusses the increasing integration of the Ukrainian gas market with Europe with Simon Pirani and Jack Sharples in the light of their latest paper for OIES entitled “Ukraine-EU gas market integration: short-term progress, long-term challenges.” Continuing liberalisation of the Ukrainian gas market and the creation of the customs warehouse for gas storage by international traders has created a foundation for future cooperation, although there have been, and will continue to be, challenges along the way. Furthermore, the question of the transit of Russian gas exports to Europe remains a key issue, with the potential for volumes to decline further once the current contract expires in 2024. Nevertheless, the podcast discusses the potential for the Ukrainian gas market to become important in a European context both as a continuing source of demand for “reverse flow” gas, as a provider of storage and potentially as a source of further interconnection with its neighbouring markets in South, Central and Eastern Europe. The post Oxford Energy Podcast – Ukraine-EU gas market integration short-term progress, long-term challenges appeared first on Oxford Institute for Energy Studies.
36 minutes | a month ago
Oxford Energy Podcast – The Future of Gas in Europe, challenges to 2050
The two decades between 2030 and 2050 will see a period of radical change in the global energy economy if climate targets are going to be met. An increasing number of countries are now setting net zero emissions targets, but Europe continues to lead the way with its decarbonisation plans and in this extended Oxford Energy podcast James Henderson and David Ledesma discuss the implications for the region. Although increased electrification will be fundamental to the energy transition, there is also likely to be a role for gaseous fuels, albeit in the form of biomethane and hydrogen rather than unabated methane. The key issues surround the regulation and legislation that will be needed to encourage this to occur, the changes to infrastructure that will be required and the pace of technological development. In addition, the impact on consumers needs to be considered, especially as many countries and customers are embarking on the transition from very different starting points, implying the need for a wide range of adaptation strategies and levels of investment. The post Oxford Energy Podcast – The Future of Gas in Europe, challenges to 2050 appeared first on Oxford Institute for Energy Studies.
29 minutes | a month ago
Oxford Energy Podcast – The Future of Gas in Europe, challenges to 2030
The next decade is still very much a gas decade, at least in reality if not in the policies. There is a need to watch closely to see how this develops. In this podcast David Ledesma discusses with James Henderson the role of natural gas in the energy transition in Europe. In this wide-ranging interview, it is noted that whereas gas is painted as a problem by many, maybe it should also be seen as a solution. Transition away from gas creates uncertainty and concerns over security of energy supply. There is a need for more dialogue between consumers and suppliers as transitioning to cleaner fuels away from natural gas means losing channels of cooperation and dialogue. The podcast also notes that the gas markets (and the energy mix) in Central, and Eastern and Southern Europe are different from Western Europe and a different approach may be required. The post Oxford Energy Podcast – The Future of Gas in Europe, challenges to 2030 appeared first on Oxford Institute for Energy Studies.
34 minutes | 2 months ago
Oxford Energy Podcast – The Middle East and the Geopolitics of the Energy Transition
How are the Middle East oil and gas exporters dealing with the forces shaping the energy transition? Will the hydrocarbon sector continue to play a key role in the economies of the Middle East? Will oil and gas exporters struggle or thrive in a carbon-constrained world? In this podcast, Bassam Fattouh and Ahmed Mehdi tackle these questions and offer a contrarian perspective on the pathways ahead for Middle East oil and gas exporters. They provide a snapshot into the adaptation strategies being deployed by the various Middle East hydrocarbon producers and the challenges and opportunities ahead. Both Fattouh and Mehdi argue that hydrocarbons will remain a core competitive advantage of Middle East oil and gas exporters’ economies and a critical tool for adapting to the challenges faced by the energy transition. Technological deployment, the falling costs of renewables and the growing role of gas in the global energy system provide opportunities to capture cost efficiencies, reduce emissions and build resilience. The policies and decision-making of Middle East exporters will not only have implications for oil and gas markets going forward, but for the pathway of the energy transition itself. The post Oxford Energy Podcast – The Middle East and the Geopolitics of the Energy Transition appeared first on Oxford Institute for Energy Studies.
28 minutes | 2 months ago
Oxford Energy Podcast – Lessons from a strategy of energy dominance
Energy dominance – which includes increased production, reduced regulation, and enhanced energy trade – is the more assertive progeny of energy independence, a key long-time goal of US energy policy. In this podcast, David Ledesma talks to Sarah Ladislaw, Senior Vice President and Director of the Energy Security and Climate Change Program at CSIS about why Energy Dominance was so important to the Trump administration and how its interpretation could change under a Biden presidency. In this wide-ranging discussion, Sarah argues that even though the era of energy dominance may be over, the intensity of clean-energy competition is just getting started and discusses the challenges and opportunities associated the US’s decarbonisation agenda. Sarah and David also ask whether energy dominance will remain a key strategic goal and how will the wish to pursue energy trading opportunities with other countries impact on global politics? The post Oxford Energy Podcast – Lessons from a strategy of energy dominance appeared first on Oxford Institute for Energy Studies.
29 minutes | 2 months ago
Oxford Energy Podcast – Russia’s oil conundrum and its approach to Energy Transition – could it be its ‘Kodak Moment’
In this podcast David Ledesma talks to Indra Overland, Head of the Centre for Energy Research at NUPI and Vitaly Yermakov, Senior Research Fellow, OIES about their chapters in the recently published Oxford Energy Forum “The Geopolitics of Energy: Out with the old, in with the new?”. Indra argues that the impact of the global energy transition on Russia could have great consequences for the rest of the world. While there is some awareness of the vulnerability of Russian oil and gas exports to global energy transition, there is little discussion of the fact that Russia is a major coal producer, consumer and exporter, with around 650,000 Russians working in coal-related jobs. The impact of the energy transition on the Russian economy could be large. In the podcast Indra says that China and the United States are better positioned than Russia for the global energy transition, but if it seizes the day, Russia may have advantages when it comes to exports of blue hydrogen, embedded renewable energy and critical materials for clean energy technologies. Vitaly examines the dynamics between the world’s largest global oil producers and exporters – Saudi Arabia, Russia, and the US – arguing that each producer has its own set of strengths and weaknesses and that these will shape the future of global oil markets. Responding to the challenge of US shale, Russia and Saudi Arabia have joined forces within OPEC+. Increased pressures from the energy transition could see a Russia-Saudi alliance evolve and bring about new forms of cooperation. The post Oxford Energy Podcast – Russia’s oil conundrum and its approach to Energy Transition – could it be its ‘Kodak Moment’ appeared first on Oxford Institute for Energy Studies.
24 minutes | 2 months ago
Oxford Energy Podcast – A critical assessment of learning curves for solar and wind power technologies
The learning curve – a concept that relates historically observed cost reductions to the number of units produced or cumulatively installed capacity – has been widely adopted to analyse the technological progress and adoption of renewable energy technologies such as solar and wind power. Learning curves are also used as inputs in energy system models. This increased use of learning curves underlines the need for a critical assessment of these concepts’ application. This is because flawed learning models will inevitably weaken the chances of improving our understanding of the role of technologies in achieving energy transition objectives. The choices made when estimating learning curves will result in different learning rates and lead to different analytical and policy outcomes. Applying the results of a learning curve estimation, when modelling projections can create exaggerated cost reduction effects, might create misleading results. In this podcast David Ledesma discusses with Jonas Grafström, OIES-Saudi Aramco Fellow and Rahmatallah Poudineh, Senior Research Fellow, OIES the learning curve application in the analysis of solar and wind technologies. Jonas and Rahmat, while not falsifying the concept of learning curves, argue that their application in forecasting the future of solar and wind has limitations, at least at the country level. The learning curve relation is generally observable across wind and solar power, but cost reduction can be driven by factors not correlated with current output, implying that other factors are drivers of long-term learning effects. The post Oxford Energy Podcast – A critical assessment of learning curves for solar and wind power technologies appeared first on Oxford Institute for Energy Studies.
23 minutes | 2 months ago
Oxford Energy Podcast – Asia LNG Price Spike: Perfect Storm or Structural Failure?
The big increase in spot Asian LNG prices in January to over $30/MMBtu has been called a ‘perfect storm’ of three factors – very cold weather in Northeast Asia, LNG supply issues at some export plants and a lack of spare LNG tanker capacity. In this Podcast David Ledesma discusses with Mike Fulwood these issues as well as other more structural factors that exacerbated the market situation. Lack of any meaningful gas storage in Asia, especially in a country like Japan, meant that the market did not have any back-up storage and the fragmented nature of the Japanese market, with few pipeline interconnections between the main cities and regions, meant gas could not be moved around the country at short notice. The depletion of gas storage levels in Europe on December a 2020, and January 2021, as LNG cargoes were diverted away from Europe to Asia, effectively meant that storage capacity in Europe actually replaces the lack of gas storage in Asia. The podcast also discusses the lack of a liquid physical trading market in Asia, compared to Europe and North America, and whether the price spike could have implications for the possible use of price benchmarks such as Platts JKM, in contracts, whether short, medium or even long-term. The post Oxford Energy Podcast – Asia LNG Price Spike: Perfect Storm or Structural Failure? appeared first on Oxford Institute for Energy Studies.
37 minutes | 3 months ago
Oxford Energy Podcast – China and the geopolitics of the energy transition
China is widely expected to be one of the biggest winners of the energy transition: not only has the country got a head start in the manufacture and deployment of renewables and batteries, it is also central to the supply chains of critical minerals. Moreover, China is expected to maintain a dominant role in the ‘old’ geopolitics of fossil fuels as it is likely to remain a large consumer of oil and gas for some time. China’s state-led model, with generous financing and policy support, has helped it achieve this role. But at the same time, international concerns about the influence of the state in Chinese companies and their overseas investments could begin to hinder China’s clean tech exports. How will this impact the global energy transition? How will China’s ambition to reach carbon neutrality by 2060 change the domestic landscape for innovation, as well as China’s international climate stance? How will China’s relations with the US and the EU evolve under an accelerated energy transition alongside heightened competition for technological dominance? In this extended podcast, David Ledesma talks to Barbara Finamore and Michal Meidan about these questions, delving deeper into their contributions to the latest Oxford Energy Forum. The post Oxford Energy Podcast – China and the geopolitics of the energy transition appeared first on Oxford Institute for Energy Studies.
29 minutes | a year ago
Oxford Energy Podcast – The Globalisation of Russian Gas: Political and Commercial Catalysts
In this latest podcast David Ledesma interviews James Henderson about his latest book on the Russian gas industry entitled “The Globalisation of Russian Gas: Political and Commercial Catalysts”. Their wide-ranging discussion encompasses changes in the domestic Russian market which are staring to have an impact on Russia’s export strategy, the current state of Gazprom’s export business in Europe and its political consequences, and the emergence of new markets for Russian gas. In particular this means Asia, where a new Gazprom pipeline has started to export gas to China but where LNG is also playing a key role. In light of this change, the podcast addresses the issue of competition between Russian actors in the export market and assesses the likelihood that Russia’s gas export strategy has now developed two main strands, a pipeline business led by Gazprom and an LNG business led by Novatek. The commercial, and potential political, consequences of this may be profound and the podcast explores their potential impact on the global as market. The post Oxford Energy Podcast – The Globalisation of Russian Gas: Political and Commercial Catalysts appeared first on Oxford Institute for Energy Studies.
28 minutes | a year ago
Oxford Energy Podcast – Russia-Poland gas relationship
In this podcast James Henderson talks with Vitaly Yermakov about his new paper on the Russia-Poland gas relationship and its changing dynamics. It discusses the evolution of the Russia-Poland gas relationship, identifies the problems that have emerged, and assesses the opportunities and the risks for both sides stemming from the end of the long-term transit and supply contracts. It also examines how new Russian pipelines and the changes in flows of Russian gas to Europe are likely to impact the transit of Russian gas via Poland and what this means for Poland’s energy security. The post Oxford Energy Podcast – Russia-Poland gas relationship appeared first on Oxford Institute for Energy Studies.
27 minutes | a year ago
Oxford Energy Podcast – European Traded Gas Hubs: the supremacy of TTF
In this OIES podcast David Ledesma interviews Patrick Heather about his analysis of European traded gas hubs in 2019, according to his five Key Elements and also introduces a global churn comparison between Henry Hub, TTF, NBP and JKM. The podcast highlights how TTF has seen phenomenal growth in the last three years, in every metric, and that TTF is the European hub that has the greatest number of market participants, trades the widest range of products over the entire curve and has by far the highest churn rate. At a global level, TTF and NBP are important benchmarks in their own market areas but they are also benchmark hubs for their regions and for the pricing of LNG cargoes. The post Oxford Energy Podcast – European Traded Gas Hubs: the supremacy of TTF appeared first on Oxford Institute for Energy Studies.
24 minutes | a year ago
Oxford Energy Podcast – European gas storage: backhaul helps open Ukrainian safety valve
In this OIES podcast James Henderson discusses the availability of Ukrainian gas storage for the European market with Simon Pirani and Jack Sharples, the joint authors of a new OIES paper on this important topic. With European storage capacity likely to hit its ceiling during the summer, the option to move gas into Ukraine’s huge storage reservoirs is becoming a vital issue, and this podcast addresses the questions of how much storage is available, how it can be accessed and how physical storage is being supplemented by backhaul, or virtual reverse, import capacity. The discussion also addresses the potential for further integration of the Ukrainian and European gas markets and possible Russian reactions to this. The post Oxford Energy Podcast – European gas storage: backhaul helps open Ukrainian safety valve appeared first on Oxford Institute for Energy Studies.
27 minutes | a year ago
Oxford Energy Podcast – Central Asian Gas
In this podcast, David Ledesma discusses the prospects for Central Asian natural gas production and exports in the 2020s with Simon Pirani, Senior Research Fellow at OIES, who has just published a research paper on this subject. Central Asian exports to China were 47 bcm in 2018, compared with 16 bcm to Russia. Exports to China are down this year due to Covid-19 but will remain the main focus for the Central Asian producers, Pirani argues; the 55 bcm Central Asia-China pipeline, the largest such corridor constructed in recent decades, may be expanded to carry 85 bcm. China’s relationship with Turkmenistan is an issue to watch. Greater inward investment, mostly by Asian companies; expanding petrochemicals capacity; and, in Kazakhstan, trade-offs between producing gas and reinjecting it to boost oil output, are other factors that will shape the sector in this decade. The post Oxford Energy Podcast – Central Asian Gas appeared first on Oxford Institute for Energy Studies.
27 minutes | a year ago
Oxford Energy Podcast – Impact of COVID-19 on Global Gas Markets
In this podcast David Ledesma discusses with James Henderson, Jonathan Stern and Mike Fulwood the OIES’s latest Quarterly Report on the impact of the COVID-19 pandemic and the consequent global economic crisis on the global gas market. They examine the link between gas demand and GDP overall, before discussing the immediate impact of the crisis on gas consumption in various key regions, including Europe, China, India and the US. Then discuss the consequences for gas supply and trade, in particular highlighting the increased flows of LNG to Europe and its impact on storage levels. Concluding that if current trends continue, storage in Europe could be full by mid-summer, potentially catalysing a further decline in prices or the need for supply shut-ins. Finally they look at the potential longer-term consequences for the gas sector, asking eight critical questions about its role in the future global energy economy. The post Oxford Energy Podcast – Impact of COVID-19 on Global Gas Markets appeared first on Oxford Institute for Energy Studies.
28 minutes | a year ago
Oxford Energy Podcast – Oil Benchmarks Under Stress
In this podcast Bassam Fattouh and Adi Imsirovic discuss with David Ledesma the effects of the demand shock on oil benchmarks. The sharp contraction in demand has stressed the oil markets to the core causing massive oversupply which has quickly overwhelmed available storage. These have exposed the weaknesses in some benchmarks and the widened divide between physical and financial oil markets. In this podcast, they discuss the negative WTI prices witnessed on 20 April, and the difference of well over $6 in the price assessment for the same crude (Oman) and the heavy lifting done by Dated Brent and quality differentials. Concluding that, in spite of this, markets have worked reasonably well and as intended. The post Oxford Energy Podcast – Oil Benchmarks Under Stress appeared first on Oxford Institute for Energy Studies.
27 minutes | a year ago
Oxford Energy Podcast – Decarbonisation Pathways for Oil and Gas
Decarbonisation of oil and gas – is it still a relevant topic when the business environment is changing so quickly, oil and gas companies are focusing on how to survive yet another extreme price cycle and governments all over the world grapple with one of the most severe economic crises? Nevertheless, the issue of transition and decarbonisation will remain dominant, driven by environmental concerns, changes in public perceptions, investors’ attitudes, energy and climate policy, and the development of new technologies. But looking at the business environment today, in a world where cost cutting is rife, and many companies are in “hibernation mode”, the key question is how can companies afford investment in decarbonization and exactly which solutions could be most efficient? The post Oxford Energy Podcast – Decarbonisation Pathways for Oil and Gas appeared first on Oxford Institute for Energy Studies.
Terms of Service
Do Not Sell My Personal Information
© Stitcher 2021