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How has Europe Reduced Its Natural Gas Consumption?

 

Since the war started in Ukraine, there have been reductions in Russian gas supplies and to address this issue, the countries of European Union had set a goal of reducing their natural gas consumption by 15 percent between August 2022 and March 2023 compared to the average of the past five years. In December, Eurostat announced that the EU is on track with that goal, with gas consumption in the EU-27 falling by about 20 percent over the August-November period (compared to the 2017-2021 average).

 

How has Europe Reduced Its Natural Gas Consumption? #Infographic

Gas Prices Through History

In 2022, gas prices have not been kind to the wallets of those living in the United States. This year alone, the average cost of a gallon of gas has been $4.90, the highest that it has been in nearly 40 years. Not only that, but it's the first time in nearly a decade where the average cost of a gallon of gas in the United States has been over $4.00 ($4.11 per gallon of gas in 2014).

Gas Prices Through History #Infographic



Despite the construction opportunities being in flux, the expansion of the global pipeline continues. The main reason of being in flux is the market volatility, rising costs, and environmental issues. Currently, pipeline construction around the world is more than 2 million miles long in 120 countries. Out of this enormous pipeline length, around 65 percent is located in the United States. Russia on the second with significantly lesser in comparison i.e., only 8 percent whereas Canada hosts 3 percent of the total global pipeline length.

As of 2020, the world had around 1308 natural gas pipelines and 491 crude oil pipelines however, at that time, 87 natural gas pipelines and 18 crude oil pipelines were under construction. 219 natural gas pipelines and 53 crude oil pipelines were proposed for the construction.

Global pipeline expansion #infographic

A decade’s increase and decrease of per capita emission

Since the greenhouse gases emissions have impacted the climate of the world really bad, several developed countries are working out to reduce their per capita emissions so that we can save our motherland. Over the last decade, various countries have successfully reduced the per capita emissions however, several failed to do so.

A decade’s increase and decrease of per capita emission #infographic

Norway’s strategy for utilizing the oil industry’s wealth to go green

Norway receives incredible global exchange through its oil industry. The total exports of Norway in 2019 worth nearly $109 billion out of which, petroleum gas and crude petroleum were the two main leading exports at $23 billion and $29.6 billion, respectively. The government of Norway has decided to reduce greenhouse emissions by 80 to 95 percent below the levels of 1990.

Norway’s strategy for utilizing the oil industry’s wealth to go green #infographic

Incredible reduction in CO2 emissions due to Covid-19

According to the infographic, the global pandemic of Covid-19 has resulted in a massive reduction of CO2 emissions, i.e., by nearly 2 gigatonnes. This figure is almost equal to the total increase in the emission of CO2 since 2013. The most significant decrease in the CO2 emissions is due to the lesser oil consumption the entire year, which was due to the banned transportation for more than half a year. The lesser oil use resulted in 1.2 gigatonnes or 1.2 billion tonnes reduction in the global carbon emissions.

Incredible reduction in CO2 emissions due to Covid-19 #infographic

Effects of coal emissions on the environment

The environment is impacted by a large number of factors including air pollution, water pollution, vehicle emission, and carbon footprint. One of the major contributor to our declining climate conditions is coal. Due to the increased number of factors impacting the climate, the concerns to work while ensuring environmental safety especially for businesses and industries have become a challenge.

More than 126 banks and insurers all around the globe have tightened their restriction policies whereas 33 national and 27 non-national governments have ordered to stop working with coal in order to reduce the adverse impacts of it on nature.

Effects of coal emissions on the environment #infographic

The impact of Technology on Oil and Gas

Technology is one of the very few blessings that could fit in every area and actually do something to improve things. The world is running on resources, which is why it is extremely important to help preserve and boost these resources for the future. The following infographic explains how fields like Information of Technology (IoT) and Artificial Intelligence are helping industries in building a future for their resources.

The impact of Technology on Oil and Gas #infographic

Consumption of natural gas and its effect on the market

Natural Resources such as coal, oil, and gas from all around the world have come a long way. In the beginning, people used to burn coal to light fire but as soon as they got their hands on the gas made out of coal or even better, liquefied gas, it not only turned their lives around but also proved to be an asset for the market. The reports from the year 2019 have clearly declared the winner of the world’s primary energy consumption which is Natural gas as it has bagged 24.2% energy consumption worldwide. Another biggest region that consumes energy to cater to its natural needs in the Asia Pacific where coal is found abundantly.

Consumption of natural gas and its effect on the market #infographic

 

The Fall of Carbon Gas Emissions

The only good thing 2020 has brought humanity is the reduction in carbon emission. Don’t get me wrong, there must have been a lot of things that may have gone your way this year, but in a generalized way, this year has not been a good one. From the Australian wildfires to the outbreak of a global pandemic, we all got shook at an alarming rate. Panic spread throughout the world, and ultimately it was put on lockdown.


Since then, the economic activities and traveling have been reduced to a bare minimum. To this day, ten months into the pandemic, we are being cautious and facing serious threats to human health. However, with the traveling being almost shut down, the carbon emissions in the atmosphere have also been reduced. The air is now fresher and healthier. It is clear that the reduction of carbon emissions is the only thing positive about this year.

The Fall of Carbon Gas Emissions #infographic

Carbon emissions by income group

 

In today’s day and age, the production of the products also results in toxic carbon emissions. Not only the factories, but humans also have a carbon footprint. These toxic carbon emissions are being held partially responsible for the climate change that the world is facing today.

Carbon emissions by income group #infographic

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