18 NOVEMBER 2021 — AUTHOR YAROSLAV MARKIN, TETIANA HUZENKO In 2021, the energy sector of Ukraine faced myriad threats related to the completion of Nord Stream 2, increasing gas prices and coal shortage just before the heating season. At the same time, green trends require decarbonizing the industry and developing the hydrogen direction.
Kosatka.Media discussed what direction is better for Ukraine, whether it should wait for the protection against Nord Stream 2, and where global green trends could take us, with Dr. Thomas W. O’Donnell, international expert and senior energy and geopolitics analyst at GlobalBarrel.com, who participated in the Ukraine Gas Investment Congress held in late October in Kyiv.
- One of the key messages at the congress is that whatever the ‘green’ trends are, gas is a transition fuel and we will use it for a long time. Are there any other case scenarios? How should Ukraine act in this situation?
In the long run, we want to have a world that’s not dependent on hydrocarbons. The worst hydrocarbon is lignite and brown coal. And that’s what people s\should concentrate on eliminating. Natural gas in fact is a great way to eliminate coal.
It’s actually an improvement for Ukraine, not only because of global warming, because of CO2, but also for the health of the people since natural gas does not produce environmental pollution. So, increasing the use of natural gas (or also nuclear energy) in a country like Ukraine is to the benefit of the environment and to the people’s health.
However, Ukraine is not a typical European country, it is a country that unfortunately is at war. In such a situation, it has found an intelligent way to access natural gas, which is virtual reverse flow.Continue reading