Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
CBL exchange eyes growing share of offset trade
Exchange traded volumes rising as voluntary carbon market matures, CBL’s parent company Xpansiv tells Carbon Economist
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
UAE to tap Zambia forestry for carbon credits
Two governments sign MoU allowing UAE to develop forestry-based projects in the African country
CCS needs storage at scale to be profitable – TotalEnergies
Investment in CCS is a ‘permit to operate’ for oil and gas companies but not a profitable business model in the near term, says CEO Patrick Pouyanne
Equinor exits Barents Blue and Polaris
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Core carbon principles could boost voluntary market
Integrity Council for the Voluntary Carbon Market to launch finalised Core Carbon Principles for credit programmes and projects, the body’s chair tells Carbon Economist
Europe urged to fight US for low-carbon investment
Continent should match US policies such as the Inflation Reduction Act to attract capital for net-zero push, says former vice-president Al Gore
Alaska looks to tap carbon markets
US state’s governor proposes legislation to support expansion of CCS and generation of tradeable offsets
Trafigura backs DACS with credit purchase pledge
Commodities trader signs up to carbon removal commitment set by First Movers Coalition
Carbon at the centre of the energy transition
Our newly rebranded service responds to feedback from customers on what they care about most
Volatile energy prices expected
Low carbon energy markets Natural Gas markets Hydrogen
Stuart Penson
5 October 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Traders see energy price spikes as transition progresses

Extreme volatility possible as underinvestment in upstream oil and gas creates supply gap, trading chiefs say

Extreme energy price volatility could persist through the next decade or longer as slowing investment in upstream oil and gas leaves a supply gap that renewables and nascent technologies such as hydrogen struggle to fill, senior commodity traders say. “This whole concept of the energy transition is not fully understood by the public yet,” Torbjorn Tornqvist, CEO of trading firm Gunvor Group, told the Energy Intelligence Forum 2021. “The reality is that there is a perception that we can do this and that energy prices will be cheaper. I think that is an illusion.” Tornqvist says alternative technologies are not yet sufficiently deployed to provide enough energy to replace hydrocarbons. Time an

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US DoE tests DAC technologies
31 March 2023
Two field tests of solid amine sorbent-based DAC systems are currently underway in an effort to increase efficiency and lower costs
Voluntary carbon markets’ growth challenges
31 March 2023
Conference participants voice concerns over public perception and difficulties integrating carbon instruments into broad investment portfolios
UK eyes Cbam as net-zero push accelerates
30 March 2023
Government consults on measures to tackle carbon leakage as it ramps up domestic decarbonisation efforts
Canada extends CCUS tax credit to British Columbia
29 March 2023
Support currently only available to projects in Alberta and Saskatchewan to be extended as part of C$520mn package of policy enhancements

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search