For China, coal is a crucial source of abundant, indigenous and affordable energy and is a pillar of economic and social stability. From a logic of energy security, and because the industry itself maintains a formidable political presence through the sheer fact of its history and size, this resource will continue to play a central role in the country’s energy mix. But in order to respond to the growing need to reduce the burden of coal use on the environment and the Chinese population, and to prevent catastrophic climate change, both Chinese leaders and the industry itself have faced a certain reality - coal must become cleaner.

The Energy Roadmap 2050 released by the Commission in December 2011 says it all: we will need more gas until 2030. Gas represents the default solution for a transition to an energy system with less GHG emissions. It also has great value as a back-up for intermittent renewable power generation. Therefore, stating that Europe still needs large quantities of gas means checking if supply volumes are available to satisfy growing demand.

The recent cold spell that gripped much of Europe was a test for the European gas network. In many countries temperatures fell dramatically to -10°C during the first week of February, even dropping a bone chilling - 22°C in some places.

As the European Commission(s Director General for Energy Philippe Lowe said during a speech at our Annual Conference last Thursday (February 16) in Brussels, Europe(s gas network was able to respond to the sharp increase in demand despite a simultaneous drop in supply from Gazprom.

Libya has an opportunity to get back on track. The end of embargoes and sanctions after the conclusion of the “February Revolution” is favoring a fast production growth. 

A funny thing happened in the last few years when no one was paying attention. J.R. Ewing, the legendary Texas oilman, and his wife Sue Ellen sold Southfork, their ranch near Dallas, and moved to a new home in Pennsylvania (Northfork?). JR immediately began buying subsurface mineral rights for acres of land above the Marcellus and Utica shale formations in the Appalachian Basin.

The Caspian region has been at the center of attention since Europe began seeking alternative routes to natural-gas resources. Turkmenistan has the potential to become an important gas exporter to Europe.

One can’t help but be struck by the irony earlier this week of Russian President (ad-interim) Medvedev celebrating the landing of gas in Lubmin Germany from the Nordstream gas pipeline from Russia while Former President and President-in-waiting Putin welcomes Chinese Premier Wen Jiabao to seek a deal to send Russian gas east to Chinese markets.

It was a matter of time before the Commission competition authorities looked into the business arrangements between Gazprom and its European partners. Some would ask why it took so long. 

As an early task in its efforts to build a common external energy policy, the Commission has announced it will turn its attention to bringing the vast gas resources of Turkmenistan to European consumers. This will be an excellent place for the Commission to test its ability to speak with one voice for its polyglot constituency. First, their task may be facilitated by the fact that on this topic, no European voices are yet particularly audible.