Europe's transition to renewable energy comes at a time when US President Donald Trump, upon inauguration, pulled out of the Paris Agreement aiming to pursue a "drill, baby, drill" energy policy.
The report highlighted a continued decline in fossil fuel dependency, with gas generation falling for the fifth consecutive year and overall fossil-fueled power dropping to a historic low of 29%.
Even when Russia makes it back to international markets with their natural gas, no one in Europe is going to want it.
LNG is expensive. If Russia is selling gas to the EU again, it would have a decent time pushing out US LNG sales. A lot of gas is used outside of power generation, so consumption is not going to drop overnight.
Even when Russia makes it back to international markets with their natural gas, no one in Europe is going to want it.
It always depends on the price.
LNG is expensive. If Russia is selling gas to the EU again, it would have a decent time pushing out US LNG sales. A lot of gas is used outside of power generation, so consumption is not going to drop overnight.