BG Group Climate Change The Role of Gas Charles Bland Executive Vice President, Policy and Corporate Affairs London 5 June 2007
Overview Global energy demand Gas strong demand growth Climate change gas as part of the solution Fuel substitution Energy efficiency 3
World energy demand is growing WORLD One sixth of the global population currently enjoys developed world living standards Economic growth means incremental energy CHINA demand Chinas energy demand growth Source: IEA…
Growth in energy demand World primary energy demand CAGR 2004-2030 2.0% 1.8% 1.8% 1.3% 0.7% Carbon 0 77.4 0 94.6 56.1 emissions (kgCO2e/GJ ) Nuclear Oil Renewables Coal Natural Gas Source: IEA November 2006 Gas is…
Integrated Gas Major Integrated Gas Major Connect gas to Secure low cost high value markets resources Build & access markets Equity reserves Serve customers Contracted resources Skills to succeed across the gas chain A…
BG Group total operating profit m 3500 CAGR 39% 1997-2006 3,103 3000 2500 2,380 2000 1,513 1500 1,279 1000 833 888 688 500 330 160 229 0 1997 2000 2003 2006 E&P T&D, LNG, Power & Other Continuing operations excluding…
Fuel substitution Philippines Power 2 CCGT Power Stations Alternative power supply would have been coal 2005 Emission Savings 4.5 million tonnes CO2 per annum 8
Fuel substitution Comgas, Sao Paulo, Brazil Expansion of gas distribution network in Sao Paulo Providing industrial users with access to gas Diesel / oil fuel replaced 2005 emissions savings 1.5 Million tonnes CO2 per annum…
Fuel substitution + efficiency - Premier Power Fuel substitution: fuel oil to gas 1997 Efficiency: switch from open to combined cycle 2003 45% reduction in CO2 emissions per unit of electricity From 2005, emissions savings…
Efficiency ongoing internal action Flare reduction Internal power generation efficiency LNG ships Dual Fuel Diesel Electric technology Leak reduction in gas distribution Carbon capture and storage opportunities 11
Pacala and Socolow: stabilisation options 7 WEDGES h lar Pat o are needed to build t S the stabilisation n ls rre ue C u s f triangle mas Bio ar u cle N d Win e s torag & apture on c EACH WEDGE Carb c. 7 GtC /yr e l…
BG Group Summary
Gas will be central to a sustainable future Efficient delivery of gas can play a significant role in countering climate change Convergent benefits: Fuel substitution to gas brings emissions benefits Efficiency in use of gas…
Loading...
