Skip to main navigation menu Skip to main content Skip to site footer
SM baner

Vol. 73 No. 1 (2020): Polityka klimatyczna: stałość i zmiany

Polityka klimatyczna: stałość i zmiany

How will energy transition impact the major EU natural gas suppliers?

DOI: https://doi.org/10.35757/SM.2020.73.1.07
Submitted: January 23, 2021
Published: 2020-12-30

Abstract

This paper focuses on the adaptation strategies of two major EU natural gas suppliers – Gazprom and Equinor – to new challenges imposed by the clean energy transition. Oil and gas companies around the world have already started to adjust their business strategies, inter alia, by investing in renewable energy. The recently proposed European Green Deal adds additional decarbonisation pressure to the gas sector with the increasing supply of renewable and low-carbon gases and the reduction of energy-related methane emissions.

References

  1. Bach M. S., Is the Oil and Gas Industry Serious About Climate Action?, “Environment: Science and Policy for Sustainable Development” 2017, vol. 59, No. 2.
  2. Bousso R., Klesty V., Equinor-led group approves major Norwegian CO2 storage project, “Reuters” [online], 15 V 2020 [accessed: 17 V 2020], available at: <https://af.reuters.com/article/commoditiesNews/idafl8N2cx5ik>.
  3. Bradshaw M., Van de Graaf T., Connolly R., Preparing for the New Oil Order? Saudi Arabia and Russia, “Energy Strategy Reviews” 2019, vol. 26: 100374.
  4. Cruz A. M., Krausmann E., Vulnerability of the Oil and Gas Sector to Climate Change and Extreme Weather Events, “Climatic Change” 2013, vol. 121, No. 1.
  5. Dempsey H., Gas is ‘not a low-carbon fuel’, UK watchdog rules, “Financial Times” [online] 15 IX 2019 [accessed: 22 V 2020], available at: <https://www.ft.com/content/788005cc-d3e9-11e9-8367-807ebd53ab77>.
  6. Henderson J., Yermakov V., Russian LNG: Becoming a Global Force, “OIES Paper”: NG 154, November 2019.
  7. Karagiannopoulos L., Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 million, “Reuters” [online], 7 XI 2019 [accessed: 10 V 2020], available at: <https://www.reuters.com/article/us-equinor-usa-divestiture-repsol/equinor-sells-its-assets-at-u-s-eagle-ford-to-repsol-for-325-million-iduskbn1xh2S9>.
  8. Kardaś S., Nowa strategia energetyczna Rosji – optymistyczne plany w niepewnych czasach, Ośrodek Studiów Wschodnich. Komentarze, nr 325 [online], 15 IV 2020 [accessed: 8 V 2020], available at: <https://www.osw.waw.pl/sites/default/files/komentarze_325.pdf>.
  9. Kardaś S., W oczekiwaniu na rosyjską strategię wodorową, Ośrodek Studiów Wschodnich. Komentarze, nr 344 [online], 2 VII 2020 [accessed: 17 X 2020], available at: <https://www.osw.waw.pl/pl/publikacje/komentarze-osw/2020-07-22/w-oczekiwaniu-na-rosyjska-strategie-wodorowa>.
  10. Kędzierski M., Wodór – nadzieja niemieckiej polityki klimatycznej i przemysłowej, Ośrodek Studiów Wschodnich. Komentarze, nr 330 [online], 6 V 2020 [accessed: 22 V 2020], available at: <https://www.osw.waw.pl/sites/default/file/komentarze_330_1.pdf>.
  11. Kim T., Karpiński M., Clean energy progress after the Covid-19 crisis will need reliable supplies of critical minerals [online], 6 V 2020 [accessed: 22 V 2020], available at: <https://www.iea.org/articles/clean-energy-progress-after-the-covid-19-crisis-will-need-reliable-supplies-of-critical-minerals>.
  12. Kolk A., Levy D., Corporate Strategy, Climate Change and Oil Multinationals, “Winds of Change” 2001, vol. 19, No. 5.
  13. Levy D. L., Kolk A., Strategic Responses to Global Climate Change: Conflicting Pressures on Multinationals in the Oil Industry, “Business and Politics” 2002, vol. 4, No. 3.
  14. Liebreich M., Separating Hype from Hydrogen – Part One: The Supply Side, “Bloomber NEF” [online], 8 X 2020 [accessed: 17 X 2020], available at: <https://about.bnef.com/blog/liebreich-separating-hype-from-hydrogen-part-one-the-supply-side/>.
  15. Mitrova T. et al., Global Climatic Threat and Russian Economy: Searching for the Way, “Skolkovo Energy Center Report”, May 2020.
  16. Nasiritousi N., Fossil Fuel Emitters and Climate Change: Unpacking the Governance Activities of Large Oil and Gas Companies, “Environmental Politics” 2017, vol. 26, No. 4.
  17. Olczak M., Piebalgs A., How far should the new EU Methane Strategy go?, “FSR Policy Brief” 2019, issue 7, April 2019.
  18. Pickl M. J., The Renewable Energy Strategies of Oil Majors – From Oil to Energy?, “Energy Strategy Reviews” 2019, vol. 26: 100370.
  19. Pooley C. R., Pfeifer S., ‘Thank you Statoil! It’s been a pleasure’: Oil major changes name, “Financial Times” [online], 15 III 2018 [accessed: 22 II 2020], available at: <https://www.ft.com/content/071bba1a-282e-11e8-b27e-cc62a39d57a0>.
  20. Sæverud Andreassen I., Skjærseth J. B., Oil Companies and Climate Change: Inconsistencies between Strategy Formulation and Implementation?, “Global Environmental Politics” 2007, vol. 7, No. 3.
  21. Shojaeddini E. et al., Oil and Gas Company Strategies Regarding the Energy Transition, “Progress in Energy” 2019, vol. 1, No. 1.
  22. Simon F., Eight EU states back ‘natural gas’ in net-zero transition, “Euractiv” [online], 22 V 2020 [accessed: 25 V 2020], available at: <https://www.euractiv.com/section/energy-environment/news/exclusive-eight-eu-states-back-natural-gas-in-net-zero-transition/>.
  23. Sueyoshi T., Goto M., Data Envelopment Analysis for Environmental Assessment: Comparison between Public and Private Ownership in Petroleum Industry, “European Journal of Operational Research” 2012, vol. 216, No. 3.
  24. Vakulchuk R., Overland I., Scholten D., Renewable Energy and Geopolitics: A Review, “Renewable and Sustainable Energy Reviews” 2020, vol. 122: 109547.
  25. Zhong M., Bazilian M. D., Contours of the Energy Transition: Investment by International Oil and Gas Companies in Renewable Energy, “The Electricity Journal” 2018, vol. 31, No. 1.

Downloads

Download data is not yet available.

Similar Articles

You may also start an advanced similarity search for this article.