· Natural gas in Europe is a type of fossil fuel that produces no greenhouse gases into the atmosphere. This is because the only waste from the process is methane leaks.
· Natural gas prices have fallen in Europe which may help to lead to the energy security the country needs.
Natural gas in Europe is a source of clean energy helps reduce emissions of greenhouse gases. Europe is one of the top leading economies of the world which make the energy demand to go higher. The rising demand of natural gas in Europe also comes from the recent ban on the Russian oil. This is because Europe depended on the supply of oil from Russia. After the sanctions, Europe had to find new sources of energy that meet the energy demand in the country. This energy used in heating, power generation and industrial processes. This also led to fall of energy prices in the country.
Guy wire is a kind of rope that used in the steadying of tall structures to prevent them from falling and bending. It is also known as stay wire, guy strand, guy cable, wire or rope. A guy wire is a tensioned cable that secures all tall structures. Such structures include ship masts, electric poles, radio towers and wind turbines. Guy wires work by distributing the weight if the structures to the ground.
Gas prices in Europe
Natural gas prices in Europe recently fell by 5% to hit $52 per megawatt hour. This comes after the energy crisis that rose from the limited supply from Russia. This is after the price cap imposed by the EU and G7 countries. Guy wires are hot dip galvanized to prevent corrosion and rust. Corrosion and rust are from moisture present in the air and in the soil where they install. The various factors that led to the price changes in Europe are as follows:
1. Increased supply
A sudden increase in the supply of natural gas in the continent could lead to low prices of the fuels. This may include new discoveries or new suppliers of natural gas to the country.
2. Mild weather
Natural gas demand increases during the cold weather periods for heating. During a slight winter, the demand for heating would be lower and lead to lower prices for the natural gas.
3. Renewable energy production
Increased use of renewable energy for generation lead to low demand of natural gas. The decreased demand of natural gas leads to the low prices for the gas. The integration of renewable energy in the continent has also led to the fall of prices of natural gas.
4. Geopolitical developments
Tensions may be from between gas suppliers and consumers of the country. Political uncertainties in the countries producing natural gas could also affect the prices. The relationship between Russia and Europe still stands despite the sanctions.
5. Government policies
Changes in government policies for renewable energy or regulations on natural gas production. These impact the production of natural gas. This in turn affects the demand for the fuels and hence increased prices.
Assessing the future powered by energy
Natural gas has a role to play in the short to medium term transition. The transition is towards a cleaner and more sustainable energy system. Natural gas may act as a bridge replacing fossil fuels in electricity generation. It can also act as backup source of energy to renewable energy sources such as solar and wind. Guy wires should have high tensile strength to prevent breaking. It is also resistant to all weather conditions. The future of natural gas in Europe faces several challenges and risks which include:
· Climate change – to meet climate change goals, natural gas must phase out in the long term. This is because it still produces methane which may have various effects.
· Competition from renewables
Sources such as solar and wind may reduce the need for natural gas over time.
· Methane leaks
Methane leaks during the extraction, transportation and natural gas storage lead climate changes.
· Regulatory uncertainties
Various policies and regulations aim at reducing greenhouse gas emissions. This may increase the costs of production and use.
· Geopolitical tensions
Reliance on other countries such as Russia, exposes the region to geopolitical tensions and supply disruptions.