this post was submitted on 06 Jun 2024
236 points (97.2% liked)

World News

38936 readers
2205 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 
  • Russia's gas giant Gazprom won't recover gas sales lost to the Ukraine war for at least a decade.
  • A study seen by the Financial Times says pre-war export volumes will return by 2035.
  • Gazprom will likely lose its leading role in Russia's energy sector over time.
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -5 points 4 months ago (5 children)

Is this a surprise? Unlike oil, gas is extremely hard to transport. China's playing hard to get with PoS 2 because the renewable transition is hitting much faster than anticipated (China is hitting their fossil fuels consumption and emissions targets years in advance)... And China doesn't see natural gas outside of PoS 1 and domestic production as a significant part of the energy mix in the future. They skipped the whole coal -> natural gas step.

Meanwhile, crossing the multiple borders to get to India would be a rather complex undertaking, and Nordstream got blown up so European revenues will be suppressed indefinitely even if the war ends (convenient, that).

Given no export target, most natural gas will have to be flared off in the process of oil production... Bad for the environment, but unavoidable given the lack of Nordstream.

Russian oil revenues are high, though, and the domestic surplus of energy has given Russian industry a kick in the butt, so the real losers in this are Germany and Europe, which have seen their industrial bases decimated.

[–] [email protected] 3 points 4 months ago (4 children)

China is hitting their fossil fuels consumption and emissions targets years in advance

Really? Is the source the same people whose Coronavirus estimates increased suspiciously geometrical rather than exponential?

[–] [email protected] 1 points 4 months ago

According to the IEA, China's coal demand will peak in 2024.

Sinopec only claims coal peaking in 2025.

Sinopec also claims peak oil happened in 2023.

Moreover, that peak gasoline has already passed due to the EV transition.

According to CREA, China's emissions are set to fall in 2024.

The Washington Post corroborated this general message, even if it did not give an exact date.

Even intuitively, this makes sense: emissions growth are tied to economic growth (particularly in construction), so if the construction sector is in structural decline then emissions should decline with it. If the economy is not growing, then emissions should fall. If the mix of primary energy sources pivots towards renewables, emissions should fall.

This is entirely independent from whether the capacity exists: you can study this entirely from the demand-side because everyone knows renewables are the most cost-effective option on the supply-side.

load more comments (3 replies)
load more comments (3 replies)