PUTTING IT BACKWHERE IT CAME FROM: IS GEOLOGICAL DISPOSAL OF CARBON DIOXIDE AN OPTION FOR AUSTRALIA?

2000 ◽  
Vol 40 (1) ◽  
pp. 654 ◽  
Author(s):  
P.J. Cook ◽  
A. Rigg ◽  
J. Bradshaw
Keyword(s):  
Carbon Dioxide ◽  
Natural Gas ◽  
Oil Recovery ◽  
Coalbed Methane ◽  
Gas Industry ◽  
Geological Disposal ◽  
Natural Gas Industry ◽  
Petroleum Companies ◽  
Australian Greenhouse ◽  
Minerals Processing

Liquefied natural gas projects with a total value of around $20 billion are planned for Australia. Over the next decade or so, they have the potential to generate an increase of approximately 3% in Australia's GDP, and an excess of 50,000 jobs. One of the major risks to this vast investment is uncertainty over how to deal with the major increase in direct carbon dioxide (C02) emissions that will result from these developments. The 1997 Kyoto Protocol has served to focus even more attention on this issue.Potentially, a solution to sustaining Australia's economic development, whilst at the same time meeting emission targets, may lie, in part, in developing suitable methodologies for C02 sequestration. One of the key sequestration options is geological disposal. The method, which involves injection of supercritical C02 into the deep subsurface, is being tested on a commercial scale in only one place in the world at the present time, although several other countries are now developing research programs into the technique.The APCRC research program GEODISC is investigating the applicability of this method in Australia. Whilst the focus of GEODISC is on the application of C02 disposal to the Australian natural gas industry, its outcomes will have implications for other industries such as power generation and minerals processing. It will also be looking at some of the other potential benefits of geological sequestration, such as enhanced oil recovery and enhanced coalbed methane recovery.The program will establish the most viable locations for C02 injection, determine the key areas of technical, social and economic risk, and help define a pilot injection program to address the most critical areas of uncertainty. GEODISC brings together six major petroleum companies, the Australian Greenhouse Office and key Australian research groups. The total cost of GEODISC will be approximately $10 million over four years. The major expected outcome of GEODISC will be to help the Australian gas industry plan the way ahead in terms of C02 emissions in an environmentally acceptable manner, whilst concurrently ensuring that the industry does not incur major cost disadvantages, which may adversely impact upon Australia's international competitiveness.

Finding Fault with the Nexus Pipeline? Agency Capture and the Public Good

2017 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Andrew R. Kear
Keyword(s):  
Natural Gas ◽  
Environmental Impact ◽  
Public Good ◽  
Health And Safety ◽  
Environmental Impact Statement ◽  
Gas Industry ◽  
The Public ◽  
Fracturing Process ◽  
Natural Gas Industry ◽  
Regulatory Commission

Natural gas is an increasingly vital U.S. energy source that is presently being tapped and transported across state and international boundaries. Controversy engulfs natural gas, from the hydraulic fracturing process used to liberate it from massive, gas-laden Appalachian shale deposits, to the permitting and construction of new interstate pipelines bringing it to markets. This case explores the controversy flowing from the proposed 256-mile-long interstate Nexus pipeline transecting northern Ohio, southeastern Michigan and terminating at the Dawn Hub in Ontario, Canada. As the lead agency regulating and permitting interstate pipelines, the Federal Energy Regulatory Commission is also tasked with mitigating environmental risks through the 1969 National Environmental Policy Act's Environmental Impact Statement process. Pipeline opponents assert that a captured federal agency ignores public and scientific input, inadequately addresses public health and safety risks, preempts local control, and wields eminent domain powers at the expense of landowners, cities, and everyone in the pipeline path. Proponents counter that pipelines are the safest means of transporting domestically abundant, cleaner burning, affordable gas to markets that will boost local and regional economies and serve the public good. Debates over what constitutes the public good are only one set in a long list of contentious issues including pipeline safety, proposed routes, property rights, public voice, and questions over the scientific and democratic validity of the Environmental Impact Statement process. The Nexus pipeline provides a sobering example that simple energy policy solutions and compromise are elusive—effectively fueling greater conflict as the natural gas industry booms.

Research on Industrial Integration between Electricity Industry and Natural Gas Industry

2013 ◽  
Vol 448-453 ◽  
pp. 4304-4307
Author(s):  
Xiao Zhe Meng
Keyword(s):  
Natural Gas ◽  
Market Integration ◽  
Developed Countries ◽  
Electricity Industry ◽  
Gas Industry ◽  
Industry Regulation ◽  
Industrial Economy ◽  
National Competitiveness ◽  
Natural Gas Industry ◽  
Regulation Reform

Industrial integration is the trend of the modern industrial economy. It is the result of the enterprises from competition to cooperation. Industry boundaries become blurring. And industries begin to integrate. With technological innovation, business integration, market integration, as well as industry regulation reform, electricity industry and natural gas industry is towards integration. The barriers between electricity industry and natural gas industry has been eliminated through knowledge sharing, mergers and acquisitions, market reform and regulation reform in developed countries. The energy industry in China will also be integration to improve national competitiveness.

Analysis of the Application of Blockchain Technology in the Field of Supply Chain Finance in the Natural Gas Industry

2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Services ◽  
Organizational Innovation ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Natural Gas Industry ◽  
Financial Framework ◽  
Gas Supply

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.

Model for the development of competition in the natural gas industry in Brazil

2008 ◽  
Vol 12 (3) ◽  
pp. 40-51
Author(s):  
Paulo Henrique de Mello Sant Ana ◽  
Gilberto De Martino Jannuzzi ◽  
Sérgio Valdir Bajay
Keyword(s):  
Natural Gas ◽  
Gas Industry ◽  
Natural Gas Industry
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