We get about 4% of gas/oil from Russia, but we should not be paying the high prices, as we are seeing at present, it is profiteering.
We are reopening the oil fields since its now profitable for use to extract the oil and gas, I am well aware of the extraction methods, technology moves on, same with coal, many products can be made from a lump of coal.
I don't understand, if you have a resource, then use it, if not then use a viable energy source like nuclear, because renewables are not the answer, unless a recent technology such as nuclear batteries can be used for electric cars, with an half life of 20,000 years
It's interesting that most of our goods that come from China, use coal fired power stations, for their manufacturing requirements. Germany are building coal fired power stations, as a country we are very short term, we are now as a country paying the price, wait till winter comes, it will be chaos, I feel for the people of this country.
We need governments that contain engineers, scientists and technologists, I know that have select committees, but they never see the bigger picture, at the ground level.
As i've mentioned on the WWIII thread, we currently get 4% Gas Imports from Russia. However, since the start of this year, comparible to previous years (using only Jan and Feb data) we are seeing lower import levels of Gas. Oil is approx 9% and this is being phased out during this year. The two shouldn't be lumped together because a) they are priced differently and b) the uses are widely different.
Global Oil prices are high at the moment due to demand being affected by uncertainty of supply. This has been caused to spike recently because of the Ukraine conflict and the production levels being kept fairly low so that the bottom doesn't drop out of Oil completely. This is not about profiteering, its about ensuring that prices are at a level to ensure that developing and producing Oil is viable. Otherwise no Operators would be interested to start extracting oil. Gas prices are also following a similar trend because of the war and we use Gas for energy supply. However, the other reason is Net Zero.
Over the 10-15 years we've known what our 2020 energy demands would be in the UK, however, the government (not just in the UK) have bought into the Green agenda and have pushed and pushed to be at the forefront of Netzero to meet these ambitious targets. Gas was not considered green previously, but the UK and EU have now declared Gas as a green energy source, this has happened in the last few weeks.
Germany, quite simply don't have a choice but to go with Gas. They declared post Fukishima that they would close down their Nuclear facilities and their entire programme, despite their facilities being at a much lower risk than the Japanese facilities as the generators and back up generators are not so close to the coastline and nor are they in a seismic region. Germany relies heavily on Gas from Russia, they have Nord Stream 1 which is still fully operational and is supplying much of Europe via Germany with Natural gas via 2 x 48" Dia 1200km pipelines (Nord Stream 2 was shut in before it was operational as a gesture). Why did Germany and the neighbouring countries buy into Nord Stream, Nord Stream 2 and Turk(South Stream)? Because it has been cheaper than sourcing LNG and building the infrastructure such as regasification or FSRU facilities.
Poland, conversly are currently trying to diversify away from coal, despite huge resources and investments into coal, they are building a Gas pipeline from Norway, via Denmark and the Baltic sea to Poland to help switchover from Coal to Gas.
China is a vastly different story. They don't have or adhere to the same restrictions as we do in Europe. A good mate of mine is working on a number of projects in South Africa constructing coal power stations, again they don't follow the same environmental rules as we do.
Gas, again is keeping a high price due to demand. Qatar, Algeria, USA, Canada, Mozambique and Australia all have huge Gas resources and LNG capability, but it must be tankered to Europe.
As well as the UK, Denmark, Norway, Netherlands, Belgium, Ireland and Turkey all have Gas fields, the cost of recovery is higher, but not only this, due to the huge investment and drive for Net Zero, we've not started any new Gas Fields for years in the North Sea. And since we don't have the facility to pop and get a tanker full of LNG at a days notice, contingency of coal has been used sparingly when the renewables are not generating enough energy and Gas is at over 50% of the overall supply. This is so we don't run out of Gas completely.
I spoke to an Energy expert recently, Israel has huge Gas Fields in the Eastern Med, their costs of recovery are ok and in the region there is also Cypriot Gas and Egyptian (as well as Libyan further along). The proposed "East Med Pipeline" which would take gas from Israel to Cyprus, Crete, Greece and Italy has been deemed unviable by the USA and has lost EU support, based on Cost. However, the cost would be €8 Billion (same as Nord Stream 1 and 2) but this is not the real issue. It becomes unviable because a) it would take 5 years to complete and bring into operations and b) it would also need a lifespan of 20-30 years to ensure that it was investable (despite the cost of €8 Billion being repayable in just 1-2 years). The current appetite in the EU is for renewables and not for green energy like Gas. So to think that Coal would be seen as a better option is extremely unlikely.
The problem that the UK will have in winter is storage. Whereas Germany have some huge Gas storage tanks (which were operated by GazProm up until February and deliberatly run down to around 13% capacity), which they will continue to replenish during the summer to ensure that they have enough gas for winter. The UK doesn't have the same facilities.
The future will most probably lie with Gas, Hydrogen and Nuclear and some renewables. Carbon Capture hubs in Humberside and Teeside have already been given the go ahead to pump CO2 offshore and then extract the hydrogen.