Feeds

Shale gas frees Europe from addiction to Putin's Pipe

Vlad won't be able to turn the heating off any more

High performance access to file storage

Shale gas extraction in Western Europe will dramatically change the geopolitical landscape, according to a report by a think-tank backed by the US Department of Energy. The Baker Institute estimates that with shale as little as 13 per cent of Europe's gas imports will come from Russia by 2040, compared to 27 per cent today.

The European Union gets 80 per cent of its gas imports from Russia via the Ukraine. Russian's state energy company, Gazprom, has used its gas exports as a political weapon: most recently turning off the tap to the Ukraine, which affected some European countries as collateral damage. Bulgaria and parts of the former Yugoslavia were badly hit in the Ukraine spat. And it is pertinent to the UK, which is making a unique dash for unreliable renewable energy sources: these need rapidly responding backup. That is a need best filled by gas, although it is extremely expensive to build gas backup to wind, and the backup stations cannot negotiate lower prices.

Venezuela and Iran will also be a bit less cocky, the report suggests.

The Baker Institute also welcomes shale for lowering both domestic energy prices and "the cost of initiatives to diversify the American automobile fleet to run on non-oil based fuels such as electricity and compressed natural gas". The lower prices come from weakening demand for liquefied natural gas (LNG) from the Middle East.

There's more here (60-page PDF/6.8MB): the scenario planning is well worth a look. ®

High performance access to file storage

More from The Register

next story
Android engineer: We DIDN'T copy Apple OR follow Samsung's orders
Veep testifies for Samsung during Apple patent trial
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Big Content goes after Kim Dotcom
Six studios sling sueballs at dead download destination
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
Jack the RIPA: Blighty cops ignore law, retain innocents' comms data
Prime minister: Nothing to see here, go about your business
Singapore decides 'three strikes' laws are too intrusive
When even a prurient island nation thinks an idea is dodgy it has problems
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Reprieve for Weev: Court disowns AT&T hacker's conviction
Appeals court strikes down landmark sentence
US taxman blows Win XP deadline, must now spend millions on custom support
Gov't IT likened to 'a Model T with a lot of things on top of it'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.