Gas is part of a long-term climate-friendly solution Franck Albert - - PowerPoint PPT Presentation

OMV Petrom SA

Gas is part of a long-term climate-friendly solution

Franck Albert Neel

Budapest, December 3rd, 2018

|

Framework to achieve low carbon economy

2

2015 Paris Agreement 2016 Clean Energy Package 2018-2030 Romanian Energy Strategy

Target is to keep deviation of global temperature lower than

+2⁰C vs. pre-industrial level

Three key targets for 2030:

• at least 40% cuts in greenhouse gas emissions

(1990 referenced)

• to boost the share of renewables to at least

27% of EU energy consumption

• an indicative energy efficiency target of

27% by 2030

Gas is part of a long-term climate-friendly solution / BEST, December 2018

+42% natural gas Renewables, incl. hydro Nuclear Oil Coal

2030 vs. 2017

|

Global trends

3

ELECTRICITY: increasing importance (electric vehicles raising share in mobility; solutions for storage etc) NEW TECHNOLOGIES: Carbon Capture and Storage, power to gas etc. DIGITALIZATION: autonomous vehicles, energy technologies etc CONSUMPTION OF ENERGY: to grow in developing countries, while rather stable in developed countries URBANIZATION: by 2050, nearly 2/3 of the world’s population will live in urban areas GAS MARKET BECOMING GLOBAL: more LNG traded as compared to pipeline gas

Gas is part of a long-term climate-friendly solution / BEST, December 2018

|

Level of decarbonization between “business as usually” and “2 degrees” determined by range of drivers and issues

4

“2 Degrees” Scenario “Business as usually” Scenario

?

Low Carbon Alternative fuels Renewables Energy Efficiency Affordability Limits of Battery Rising Living Standards Cheap Coal

Level of decarbonization

Gas is part of a long-term climate-friendly solution / BEST, December 2018

|

Gas is part of the solution along the entire path to 2050

5

2050 2030 2018

Power: Exit Coal! Switch to Gas saves -50% CO2 now Heating : Gas heats and cools! affordable & practically free of particulate matter Innovation – Zero Carbon Gas Security of supply: Gas is reliable & secure today and interconnector with Power2Gas tomorrow Mobility: Make use of today’s solutions! -30% CO2 & and half the noise with Gas

Gas is part of a long-term climate-friendly solution / BEST, December 2018

Transport: infrastructure based on alternative fuels (CNG, LNG) “Greening the Gas” – renewable natural gas Renewable power / Gas to ensure back-up & balancing Market maturity of Power2Gas Large scale coupling of gas & power sector

|

By coupling Power2Gas with existing oil refinery & gas logistics capabilities, security of supply could be redefined by 2030

6

Renewable sources

H2

Conventional sources

Seasonal storage & distribution to markets

EU targets Greenhouse Gas (GHG) reductions in the power sector (1990 reference):

• 68% by 2030
• 99% by 2050

Gas is part of a long-term climate-friendly solution / BEST, December 2018

|

31st Dec 1st Jan

100% renewable power requires high-capacity long-term storage options. Existing gas storage capacity can easily meet this requirement

7

170% 5% 22mn

Tesla Powerpacks1 Current Capacity2 Existing Capacity

Energy storage options for 4.7 TWh Austria / 2030 projection Supply & demand with 100% renewable power

in MW

1 Commercial version with 210 kWh 2 Current capacity in Austria 2.7 TWh

Hydro PV Wind Consumption (smoothed) Gas is part of a long-term climate-friendly solution / BEST, December 2018

|

There are solutions to decarbonize natural gas

8

Captured Carbon Storage Methane Pyrolysis

C

>1,200°C Carbon Utilization

CH4 H2

Mobility Heating Industry

CH4

Gas is part of a long-term climate-friendly solution / BEST, December 2018

Combustion

O2

+ CCS

|

9 Gas is part of a long-term climate-friendly solution / BEST, December 2018