Natural Gas from a Climate Change Perspective
Did you know that Europe can cut CO2 emissions significantly by replacing coal with natural gas in electricity production? This is why Philux Energy is at the forefront of creating a safe, environmental-friendly, affordable and cost-effective energy solutions. The UN Intergovernmental Panel on Climate Change (IPCC) states that using natural gas in the energy sector is an important measure in reducing global CO2 emissions. In a world facing major climate challenges, we as a company believe that natural gas must play a key and pivotal role in addressing our global climate change debacle.
Natural gas is a source of energy with many advantages. It is the most flexible, usable and carbon-efficient fossil energy source, and it is inexpensive and abundantly available.
Demand for gas in America, Europe and Africa is expected to remain stable, while the International Energy Agency (IEA) expects an annual global growth of 3.5 per cent until 2040. Most industrialized countries are major consumers of gas and a significant increase in demand is expected in Asia, Latin-America and Africa in the decades to come. By building LNG import terminals, a country can increase its access to energy significantly in the course of a few years. For countries undergoing economic development, increased access to energy may be key to economic growth and we at Philux Energy are fully prepared to enhance the consumers’ affordable access to this safe energy source.
In America— Philux Energy’s core market—gas demand has declined in recent years, especially in the power sector where gas is being ousted by cheap coal and subsidized renewable energy. About 69 per cent of emissions in the American, European and African energy sector derive from coal. If five coal-fired power plants are replaced by five gas-based power plants, the reductions in CO2 emissions are equivalent to a 9,000 megawatt wind farm. This is three times as much wind power as was installed onshore in Germany in 2013. When used to heat homes or in the industry, natural gas emits 25 to 30 per cent less CO2 than oil. We at Philux Energy expect the demand for gas for power production to recover in the next two decades, primarily as a result of more stringent
The Climate Policies of our Operational Base
There has been no gas infrastructure during the early parts, especially in Europe and Africa in most parts of the sea heretofore, and work on various solutions for gas transport has been ongoing for several years. This then prompted us at Philux Energy to commission pipelines that are billed to open up an entirely new area for gas extraction, which will stimulate exploration and resource development which in time can further strengthen our position as an exporter of gas to Europe, Africa and even Asia. We are committed to completing the laying of the commissioned gas pipelines by the fall of 2021, and with its completion, our gas infrastructure would have been fully ripe for production and distribution.
Terminals and Refining
Our gas processing plants play a key role in process and transport. This is where most of the gas from the operational continental shelf is brought ashore for further processing. The process separates out the wet components, such as condensate, ethane, propane, butane and naphtha. These products are then transported to customers worldwide on ships. Dry gas (which consists mainly methane) is transported through a series of pipelines networking to the customers in America, Europe, Africa and Asia. We at Philux Energy are responsible for both the technical operation of the plants and their synchronization.
REMIT operational information on gas production
When Philux Energy becomes aware of relevant information about the availability or unavailability of facilities for gas production or transport, we will publish this information on our website, to comply with EU Regulation 122/2011 (REMIT).