Europe can’t replace Russian gas – Shell CEO

Must read

Video Of Atlanta VA Clinic Employee Mercilessly Beating Vietnam Veteran Is Latest In Horrific VA Abuses

Justin Gray of WSB-TV Atlanta released a disturbing video this week that shows an Atlanta VA clinic patient...

Biden’s Abuse Of The Defense Production Act Will Drive Gas Prices Even Higher

By Jason Isaac for RealClearPolicy Gas prices have driven many a voter to the polls in...

Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022

As if day-to-day living expenses weren’t depressing enough, a quick peek at your 401(k) statements might prove to...

Politico Reporter: Two Democrat Lawmakers Privately Admit ‘Nobody Gives A Bleep About January 6’

Politico correspondent Betsy Woodruff Swan revealed at least two Democrat lawmakers speaking with her privately have admitted: “Nobody...

European countries will not be able to replace Russian natural gas without an energy transition, according to Shell CEO Ben van Beurden.

Increasing gas supplies from Africa and Scandinavia as well as boosting purchases of liquefied natural gas (LNG) cannot help in replacing Russian energy on the European markets, van Beurden said on Thursday.

“Bringing more LNG to the market, increasing liquefaction and regasification capacity, and raising pipeline supplies from North Africa and Norway are reasonable things,” he said adding that “it is also inevitable to have an energy transition in the medium term.”

“There is no way to simply buy more pipeline gas and LNG to completely replace all the Russian gas that we currently consume. This is not feasible,” van Beurden said.

Russia is currently the largest European gas provider, delivering about 40% of natural gas consumed by the region. Russian gas is transferred by several routes, including Nord Stream, running directly to Germany via the Baltic Sea, Ukraine’s gas transmission system, the Yamal-Europe pipeline, and the Turkish Stream pipeline through the Black Sea.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Video Of Atlanta VA Clinic Employee Mercilessly Beating Vietnam Veteran Is Latest In Horrific VA Abuses

Justin Gray of WSB-TV Atlanta released a disturbing video this week that shows an Atlanta VA clinic patient...

Biden’s Abuse Of The Defense Production Act Will Drive Gas Prices Even Higher

By Jason Isaac for RealClearPolicy Gas prices have driven many a voter to the polls in...

Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022

As if day-to-day living expenses weren’t depressing enough, a quick peek at your 401(k) statements might prove to...

Politico Reporter: Two Democrat Lawmakers Privately Admit ‘Nobody Gives A Bleep About January 6’

Politico correspondent Betsy Woodruff Swan revealed at least two Democrat lawmakers speaking with her privately have admitted: “Nobody...

Justice Alito’s Opinion Doesn’t Just Overturn Roe v. Wade, It Shreds It to Pieces

The Supreme Court on Friday overturned the landmark Roe v. Wade decision that legalized abortion at...