In the foreseeable future, European countries will not be able to make a rapid transition from the domestic energy market to renewable energy sources (RES). The region’s natural gas demand will continue for a few more decades, informs The Bloomberg agency quotes industry analysts.
A number of world giants in the industry are planning to increase their fuel investments, including the British-Dutch company Shell, the American energy company Chevron and other representatives of the industry. The article also states that China and some European importers continue to enter into contracts for the supply of liquefied natural gas (LNG).
“The world’s leading manufacturers are planning to accelerate their fuel investments. China continues to sign deals to purchase liquefied natural gas after 2050, and European importers are not far behind. <…> LNG sellers are studying this market and are quite confident that we (in Western countries. – socialbites.ca) will continue to demand gas for decades to come.
22 June French President Emmanuel Macron He insisted investing more money in tackling climate change. In his opinion, the leading role in the financing of such programs should belong to representatives of private business, state funds and charities.