ClarkWD - Network

Major gains in EU solar power in 2022....

Major gains in EU solar power in 2022. https://www.solarpowereurope.org/insights/market-outlooks/eu-market-outlook-for-solar-power-2022-2026-2

IEA lays out a roadmap for the EU to avoid gas shortages in 2023. New supply gets lots of attention, but vast majority of the work will be...

IEA lays out a roadmap for the EU to avoid gas shortages in 2023.
New supply gets lots of attention, but vast majority of the work will be done by conservation, efficiency, and renewables. https://www.iea.org/news/how-the-european-union-can-avoid-natural-gas-shortages-in-2023?utm_content=buffer8b3de&utm_medium=social&utm_source=twitter-ieabirol&utm_campaign=buffer

Renewable energy forecast to become largest source of electricity generation as soon as 2025....

Renewable energy forecast to become largest source of electricity generation as soon as 2025. https://www.ft.com/content/98cec49f-6682-4495-b7be-793bf2589c6d?emailId=0155cda3-4c1e-4b1e-ac91-c8cb9c13c9c5&segmentId=13b7e341-ed02-2b53-e8c0-d9cb59be8b3b

Freeport #LNG has yet again delayed its restart, this time until the end of the year -- about two weeks beyond its previous estimate. ...

Freeport #LNG has yet again delayed its restart, this time until the end of the year -- about two weeks beyond its previous estimate. Astonishing that a single explosion has roiled US and global gas markets for months...

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/lng/120122-freeport-lng-delays-restart-target-to-end-of-year-amid-us-regulatory-hurdles

From Politico: German Justice Minister Marco Buschmann acknowledged that Germany bears responsibility for the Russian war of aggression in...

From Politico: German Justice Minister Marco Buschmann acknowledged that Germany bears responsibility for the Russian war of aggression in Ukraine because it backed the Nord Stream 2 pipeline.

“Knowing what we do today, the decision to pursue Nord Stream 2 following the annexation of Crimea in 2014 was Germany’s contribution to the outbreak of the war in Ukraine.”

https://www.politico.eu/article/nord-stream-2-germany-bears-responsibility-for-ukraine-war-minister/

Saudi Arabia "is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and...

Saudi Arabia "is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action."
https://www.nytimes.com/2022/11/21/climate/saudi-arabia-aramco-oil-solar-climate.html

Germany has planned 5 floating LNG import terminals, and is quickly building the infrastructure to support them. But speed has a...

Germany has planned 5 floating LNG import terminals, and is quickly building the infrastructure to support them. But speed has a cost.

"The whole exercise is currently budgeted at €6.56 billion, up from €3 billion in the 2022 budget."
https://www.euractiv.com/section/energy/news/twice-as-expensive-the-high-cost-of-germanys-floating-lng-terminals/

Russia has already lost more than 90% of its market in northern EU countries, which were previously the main consumers of Russian oil...

Russia has already lost more than 90% of its market in northern EU countries, which were previously the main consumers of Russian oil shipped from the Baltic and Arctic.
https://www.bloomberg.com/news/articles/2022-11-21/russia-loses-90-of-its-key-european-market-before-sanctions?sref=qm26bHqj

Here's the best reporting I've seen on the FTX collapse: not only entertaining but also *clear*. Or, perhaps, clear enough, given...

Here's the best reporting I've seen on the FTX collapse: not only entertaining but also *clear*. Or, perhaps, clear enough, given how bizarre and convoluted the underlying situation is, and how many unknowns remain.

Tl;dr - FTX balance sheet shows that billions of dollars simply evaporated, and were replaced by made-up crypto "assets."
https://www.bloomberg.com/opinion/articles/2022-11-14/ftx-s-balance-sheet-was-bad?sref=qm26bHqj

Gorgon CCS project is a failure, operating "at just one-third capacity after six...

Gorgon CCS project is a failure, operating "at just one-third capacity after six years"
https://www.smh.com.au/business/companies/gas-giant-s-3-2b-effort-to-bury-carbon-pollution-is-failing-20221113-p5bxtw.html

It's difficult and costly to convert LNG infrastructure to hydrogen -- and it's technically infeasible unless you plan for the...

It's difficult and costly to convert LNG infrastructure to hydrogen -- and it's technically infeasible unless you plan for the conversion in advance, during construction. https://www.isi.fraunhofer.de/en/presse/2022/presseinfo-25-lng-terminals-wasserstoff-ammoniak.html

The power grid of the future needs clean energy — and big, weird batteries....

The power grid of the future needs clean energy — and big, weird batteries. https://www.vox.com/unexplainable/2022/11/10/23447950/power-grid-battery-storage-climate-change-blackout

TotalEnergies CEO defended sales of Russian LNG: ""Our sole motivation is to bring over LNG to Europe."So an oil CEO is now...

TotalEnergies CEO defended sales of Russian LNG: ""Our sole motivation is to bring over LNG to Europe."

So an oil CEO is now unilaterally setting EU energy policy?? And are we to believe that the profit motive has *nothing* to do with Total's LNG strategy?

https://www.reuters.com/business/energy/totalenergies-ceo-our-main-motivation-russia-is-bring-lng-over-europe-2022-11-09/