ises 2013 - day 2 - torstein indrebø (secretary general, international gas union) - energy on new...
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The Shale Gas Revolution
– changing global energy markets
Torstein IndrebøSecretary General of IGU
International Student Energy Summit,Trondheim, Norway June 13-15, 2013
IGU represents more than 95 % of the global gas market
www.igu.org
81 Charter members40 Associate members
IGU membersFounded in 1931
* Status as per March 2013
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The world needs:
Secure, clean and competitive energy
Safe energy
The global energy future
Drivers:Rising population & middle class
Economic development and job creation
Public health: urban air quality
Environmental concerns
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Balanced and robust solutions required
Energy access – the key to development
Some facts:
1.4 bn people without access to electricitiy
2.5 bn people use traditional biomass for cooking & heating
Need for:
Electricity – no blackouts
Better indoor air quality
Faster economic development & more jobs
Accelerate transfer of
competence
Growing energy demand – need for all energy sources available
Source: IEA, The Golden Age of Gas, 2011 (the GAS scenario)
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• Oil and coal decling in the long run whereas gas and renewables are increasing
Technology – driving supplies
Volume
Proven conventional
Unconventional
Gas resources for more than 250 years (IEA)
Shale gas
Coal bed methane
Tight gas
Unconventional gas – abundant resources
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The production process
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• Site development and preparation
• Vertical drilling
• Horizontally drilling
• Hydraulic fracturing
• Recycling of wastewater
• Well completion and operation
Source: Total
17th Uzbekistan International Oil & Gas Exhibition, 14- 16 May 2013, Tashknet
(Uzbekistan)8
17th Uzbekistan International Oil & Gas Exhibition, 14- 16 May 2013, Tashknet
(Uzbekistan)9
World gas resources – Conventional (green) & unconventional (red)
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US Oil and Gas Production (IEA)
1104/10/23
World Natural Gas Prices
$US
/MM
btu
Source: World Bank12
World loves electricity!
Source: ExxonMobil
Global increase by 2035 more than 50%
Natural gas in the power sector
....clean-burning and affordable
NOx and SOx content by fuel
Carbon dioxide emitted during electricity generation by fuel
Clean support for variable renewables
Natural Gas - Wind - Solar
Natural gas enables renewable energy
An ideal combination
Natural gas for transportation
Less •Particles/soot•Noise•CO2•NOx - smog
Fleets
Gas price lower than oil price
Maritime
Natural gas provides sustainable growth
Economic development and job creation
Build on existing energy infrastructure
Gas industry contributes to public finances
Adaptability of natural gas
Gas-fired generation technology directions:
Capture carbon through retrofit technology
Partnership with renewables
Greater inclusion of carbon-neutral biogas
Gas pipeline and storage systems provide future options for:
CO2, Biogas, Hydrogen
The Pathway towards a sustainable future
Meeting future global energy needs – whilst addressing air quality and climate change concerns
Global Emissions Trajectory Base Case
Vision Pathway highlights various CO2 abatement options and technology choices
Calculation for 2050
Emissions-level based on
IGU pathway
Creating Trust for Gas
Image of Gas
GHG Emissions Spectrum
Fossil Fuels
Oil Coal
Clean Energy
Recognition by policymakers
National, EU, G20, UN
Dialogue with climate NGOs
Licence to operate
A robust and sustainable energy policy
• Energy efficiency & savings
• Enhance use of gas in power generation and transportation
• Phase in renewable energy
• Develop Carbon Capture and Storage technology
Gas: The fuel of today and tomorrow!
www.IGU.org
Thank you for your attention!