The past decade has seen major changes across the energy sector, from the emergence of solar PV or shale oil and gas to electric vehicles and high-efficiency lighting. But one sector has seen very little change.

Significant gas discoveries in the East Mediterranean over the Gaza marine field can favor economic synergies between Palestine and Israel as well as Palestine and Jordan paving the way towards the multilateralization of energy resources on demand and supply patterns.

Denmark remains a global leader in decarbonising its economy and is on track to meet its ambitious goal of becoming a low-carbon economy by the middle of the century, according to the International Energy Agency’s latest reviews of the country’s energy policies.

Gas exploration and drilling activities in Israeli and Cypriot waters along with licensing rounds for blocks near the super-giant Zohr gas field raise the likelihood for large gas discoveries in the East Mediterranean. Israel and Cyprus speed up efforts for the development of energy resources to be primarily channeled to Europe.

Energy is key to global development, but the world’s poorest and most vulnerable nations fare up to six times worse than their more industrialized counterparts when it comes to accessing the vital resource.

In my latest article I mentioned the factors one needs to keep an eye on to track the trajectory of oil prices, for the rest of the year . Geopolitics, of-course, was one of them. Keeping this factor aside, there has not been any significant development pertaining to oil as to affect the prices substantially.

On the occasion of 6th Convocation of Pandit Deendayal Petroleum University (PDPU) at Gandhinagar, India held on 23rd September 2017, Honb’le Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan had addressed the gathering of graduating students, parents, faculty, media and energy experts.

Prior to 1992, a single part tariff based on  cost plus on actual basis was in place in India’s power sector according to schedule 6 of Electricity supply act 1948.  Single part tariff, though outdated due to several issues, is being reconsidered by some of the regulatory bodies to bring in transparency to the system along with making it more accessible to customer.

Propelled by the 2016 Paris Agreement there is global impetus towards clean renewable energy. The need now is to invest in ‘paradigm shifting technology’ to fuel clean development,and with the help of think tank reports and energy expert analysis we have clearer understanding of what the harbingers of this endeavour are: biomass, geothermal, wind power, solar, ocean energy, biofuel, and hydro*. 

The causes of energy transformation are essentially the need and consumption of the energy resources in the increasing growing humanity, especially since the industrial era, whether in tangible or intangible form of energy products such as electricity or heat.

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