What is at stake is the final leg of a complex set of projects referred to as the Southern Gas Corridor (SGC), a project intended to carry an initial 10 billion cubic meters (bcm) of Azeri gas to Italy, with the potential to double in capacity and provide gas to customers beyond Italy. Almost all the required infrastructure has already been built.
However, in the nearly two and half years between the end of international sanctions and President Trump’s May 2018 decision to reinstate US sanctions, Iran accomplished very little in terms of revitalizing its oil industry.
A combination of necessity, a great deal of ingenuity, some stubbornness, a "problem solving" mentality, and daring policy decisions have enabled Iceland’s small but impressive geothermal sector to become a global leader.
In an interview with Randolph Bell, director of the Atlantic Council Global Energy Center, Musabbeh Al Kaabi, chief executive officer for petroleum and petrochemicals at the UAE’s Mubadala discussed the future of oil demand, changes underway in the global energy market, and Mubadala’s forward-looking strategy for energy innovation.
Q: What is your view on the future of oil demand, and how do you manage uncertainty in oil demand?
In a recent visit to their office in a Dallas, Texas technology park, the Global Energy Center’s Ellen Scholl discussed the future of solar with Arun Gupta, CEO and founder of Skyven Technologies, a solar technology startup focused on using new technology to improve the efficiency of solar panels.
The following is an excerpt of their interview.
In short, the energy system is transitioning from one based on large, centralized conventional power plants, to one that includes both conventional power plants and new emerging technologies that are either centrally located or distributed throughout the network, to serve local electricity demand.
The Issue: In December 2018, countries will meet in Katowice, Poland for the 24th Conference of the Parties to assess progress towards their commitments under the Paris Agreement. In advance of that meeting, Latin American countries have made impressive—if uneven—strides toward their climate goals, but serious challenges remain in many countries.
Kentucky has been hit hard by recent trends in energy markets, particularly the downturn in the fortunes of coal. Beyond the trends, it has also been deprived of some of the positive policy architectures that helped to buttress San Joaquin Valley.
From a purely market perspective, the Croatian terminal is a classic case of redundant infrastructure. However, from a security of supply perspective, it is absolutely vital.