European vitality points are however one in every of many ramifications being felt because of the continued Russian invasion of Ukraine.
“Russia has basically weaponized its natural gas supply, and its fertilizer and food production,” mentioned Dan Weaver, president and govt director of the Pennsylvania Independent Oil & Gas Association (PIOGA).
Weaver, head of the biggest and oldest oil and gasoline commerce group within the state, was the featured speaker Wednesday morning of the most recent installment of the Energy Lecture Series organized by the Center for Energy Policy and Management at Washington & Jefferson College.
The transient digital webinar, titled “Energy Implications of the Russian-Ukraine Conflict,” targeted on results the battle is having on international vitality provides and the way the area – with its bountiful pure gasoline reserves – can assist out.
He mentioned the European Union – composed of 27 nations – is the biggest importer of pure gasoline on this planet. The E.U., in keeping with the International Energy Agency, purchases 45% of its imported gasoline from Russia.
“European countries are very vulnerable to what’s going on (in Ukraine),” Weaver mentioned. “The European Union needs energy from other sources.”
One of them, after all, is the United States, which has the gas-rich Marcellus and Utica shales – which run by way of southwestern-most Pennsylvania. Transporting pure gasoline, nonetheless, is a problem due to pipeline points, and allowing and leasing points. And delivery of liquefied pure gasoline to different nations may be topic to delays.
CEPM will host one other webinar at 11 a.m. Thursday, titled, “Two Approaches to Reducing Natural Gas Methane Emissions.” Speakers will likely be Karen Marsh, of the U.S. Environmental Protection Agency, and Max Goff, certification supervisor for Project Canary.