Letter from Brussels: Gas still fuelling EU's green transition
The European Commission's transition plans, along with rising coal-to-gas switching, are entrenching gas in the EU energy mix
The European Commission is following through on its mantra that natural gas is key to the bloc’s energy transition. And coal-reliant member states appear to finally be falling in line, with increasingly diversified natural gas supplies and the EU's Green Deal plans contributing to coal-to gas switching. The Commission's energy system integration strategy, unveiled earlier this summer, states that natural gas will still account for c.20pc of gaseous fuels used in the EU by mid-century, with the remainder a mix of "biogas, biomethane, hydrogen or synthetic gases—[that] is hard to project". But with the Commission hoping for greater electrification in the region, it anticipates overall gas dema
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology