BAKU, Azerbaijan, March 29. Europe will need new long-term commitments for gas supply after 2026, said Didier Holleaux, President of Eurogas, Executive Vice President Engie and Regional Coordinator of the International Gas Union (IGU), Trend reports.
“Unfortunately, the crisis is far from over and the supply security of Europe could be jeopardised by any major incident in the LNG supply chain worldwide. The situation will remain critical for at least the next three winters, and re-establishing the security of supply after 2026 will require Europe to make new long-term commitments for gas supply,” he explained.
Didier Holleaux believes that to contribute to its energy security, but also to its external trade position, Europe must also develop its potential for biomethane and renewable H2.
“In that regard, the 35 bcm of biomethane proposed by the European Commission and now endorsed by the European parliament for 2030 should be considered only as a minimum. As far as renewable and low-carbon hydrogen is concerned, the Delegated Act published by the Commission on February 21 provides a framework that should allow concrete projects to be developed,” he added.
Follow the author on Twitter: @Lyaman_Zeyn