Europe does not need new gas infrastructure to safeguard security of supply, according to a new study by industry consultants Artelys, which warns that there is a risk of €29 billion being wasted on 32 mostly “unnecessary” gas projects.
Swift implementation of the EU’s energy and climate commitments is only possible if the next EU budget gives a clear signal to invest in a transition to a low-carbon economy, write Lisa Fischer and Elisa Giannelli.
A report prepared for the European Commission has questioned the economic viability of plans to build a gas pipeline connecting Spain and France, designed in part to help reduce Europe’s reliance on Russian piped gas, five sources told Reuters.
There is a vast potential for green gas in Europe, generated from sustainable resources such as biomass and organic waste, some of which can directly be injected into the grid or take the shape of hydrogen, writes Claude Turmes.
Many of the existing 'Projects of Common Interest' in the gas sector struggle to make economic sense and might end up as stranded assets. This waste of public resources must stop, writes Danila Bochkarev.
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