Oil & Gas Group
This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.
A new EU Gas Market must expose it to all clean energy solutions, not just gas-on-gas
- Jan 18, 2021 10:58 pm GMT
Towards the end of this year the European Commission is expected to issue new proposals for gas legislation, a once in a decade market reform. Simon Skillings and Lisa Fischer at E3G highlight the big difference between the design of gas and electricity markets for Europe. The electricity market is growing, the gas market needs to shrink. The authors quote figures showing that the EU’s 55% emissions reduction target for 2030 means natural gas use will reduce by 32-37% of final energy consumption (compared to 2015) and continue down to negligible levels by 2050. That means it is imperative that gas is exposed to competition from low and zero-carbon alternatives.
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