US media: Natural gas in the international market is too expensive, oil and coal accelerate "return"

Author:Global Times Time:2022.08.16

[Global Times Comprehensive Report] Natural gas is considered to be "clean" fossil fuel. It uses it as energy to reduce the emissions of sulfur dioxide, carbon dioxide and nitrogen oxide. For a period of time, "clean" natural gas instead of "dirty" fuels such as oil and coal has become an important part of global energy green transformation.

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However, Bloomberg reported on the 15th that under the context of Western sanctions between Russia and Ukraine's conflict and Russia exports, the price of natural gas and liquefied natural gas in the international market soared, and the trend of returning to fuel and coal has become more prominent due to natural gas. Data show that the price of natural gas in the international market in early August was almost twice the diesel, and the price of natural gas in Europe basically reached three times that of high -sulfur fuel oil and propane. Industry insiders pointed out that because of concerns about the tight natural gas supply this winter, many countries have recently announced that they will allow power plants to increase oil and coal fuel consumption. The International Energy Agency estimates that the global oil demand will increase by 380,000 barrels a day to reach 2.1 million barrels per day.

Due to the different situations of the power generation fields of various countries, to what extent the country and the country use the difference in fuels such as oil and coal. Wood McKinsey Consulting pointed out that Pakistan and Bangladesh have large facilities that can switch power generation between natural gas and fuel. Under the budget restrictions on the unable to purchase expensive liquefaction natural gas, the two countries will naturally use oil to replace natural gas. However, some countries have retired for a long time for coal -burning and oil -burning power stations, and the maintenance of the equipment is different. Whether it can quickly restore operations and doubts. Taking Japan as an example, the infrastructure of large oil power generation in Japan has been idle. Even if it can restart the operation in technology, the high cost will become a stumbling block. If it is only resumed in a short time, it is basically worthless. Therefore, some people in the industry believe that the demand for oil in Japan's power generation field will increase year -on -year, but the increase is limited.

Bloomberg pointed out that the replacement of fuels such as oil and coal due to cost pressure is a major obstacle for global green energy transformation. Many countries will use natural gas as part of the decarburization business. Returning to relatively dirty alternatives will make it difficult for countries to achieve its climatic goals. (Zhen Xiang)

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