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The Inflation Reduction Act, passed last year, aims to accelerate the clean energy transition, and…
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Overview
The Center on Global Energy Policy is committed to independent and nonpartisan research that meets the high standards of academic integrity and quality at Columbia University.
What We Do
We advance smart, actionable, and evidence-based energy and climate solutions through research, education, and dialogue.
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Meet our staff and senior energy experts from government, academia, industry, and nongovernmental organizations.
Past Event
October 6, 2016
6:00 am - 7:30 am
The Golden Age of natural gas, announced by the IEA only a couple of years ago, has not materialized in Europe to date. In the electricity sector, gas increasingly finds itself squeezed between cheap coal and subsidized renewable energy sources. Domestic production of natural gas is declining more rapidly than anticipated, chiefly due to the Dutch government’s decision to curtail production at the largest natural gas field in Europe, to mitigate frequent earth tremors reported from the area. Geopolitical concerns remain widespread in Europe about the dominant role of Russia in the continent’s natural gas supply mix, and the possibility that it might gain further market share in Europe over the medium-term. Yet the times are changing. It is broadly acknowledged that we are entering a period of oversupply in the global natural gas market, predominantly fueled by a massive ramp-up of exports of liquefied natural gas from Australia and the United States.
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