Over the weekend The Times published an article, entitled “Why oil giants still say it’s got to be gas”.
It quotes BP’s Bob Dudley and Shell’s Sinead Lynch (amongst others) and makes several points that we believe validate our gas2wire….cleaner2greener™ initiative:
• Gas — which emits about half the carbon dioxide of coal — would allow for a gradual shift to renewables.
• Without gas, the industry was being forced into trying “to achieve the energy transition with one hand tied behind our back”.
• “Carbon capture and storage is a necessity, not an option. The UK’s net-zero legislation brings it into sharp focus.”
• Making the [CCS] process commercially viable is another matter.
• Hydrogen is the ultimate clean fuel: the only residue from burning it is water. It is produced either by cooking natural gas in steam, or by electrolysis.
• Producing it [hydrogen] is very expensive, and not without its own carbon emissions.
• “Demonising gas is going to cost the world the obvious solution for reducing pollution quickly and keeping the world’s economy going”.
MFDevCo’s Gas2Wire vision takes further steps to reduce carbon-emissions and improve energy efficiency. Our projects and systems are designed to help gas deliver on its potential as a cleaner alternative to solid and liquid fuels. By producing electricity at the point of extraction the ‘gas export’ stage and associated transmission losses are effectively cut-out. This includes emissions associated with compression and pigging in the case of a pipeline and cooling/liquefaction, transport and regassification in the case of LNG. Once the technology and carbon credit market mature, it will also allow capture and reinjection of emissions directly into the developed reservoir.