Gas in the EU energy transition [NGW Magazine]
Jan 7, 2021 7:50:am
Summary Natural gas could be important in the medium and long term, but decisions made this year will influence the extent of the role it is likely to play. [NGW Magazine Volume 6, Issue 1]
by: Janet Wood
What are the prospects for natural gas in Europe, during the bloc’s 30-year transformation into a ‘net zero’ economy? Can it expect a slow decline, or are there areas where it has value in the medium or long term?
Although the EU and its institutions continue to invest in gas infrastructure, analysis of investment by the EU’s flagship European Investment Bank (EIB) show a continued decline in gas financing in favour of electricity projects.