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How will energy transition impact the major EU natural gas suppliers?
Author(s) -
Maria Olczak
Publication year - 2020
Publication title -
sprawy międzynarodowe
Language(s) - English
Resource type - Journals
eISSN - 2720-0361
pISSN - 0038-853X
DOI - 10.35757/sm.2020.73.1.07
Subject(s) - renewable energy , natural gas , energy transition , business , greenhouse gas , fossil fuel , natural resource economics , energy supply , low carbon economy , energy (signal processing) , environmental economics , economics , waste management , engineering , medicine , ecology , statistics , alternative medicine , mathematics , pathology , electrical engineering , biology , panacea (medicine)
This paper focuses on the adaptation strategies of two major EU natural gas suppliers – Gazprom and Equinor – to new challenges imposed by the clean energy transition. Oil and gas companies around the world have already started to adjust their business strategies, inter alia, by investing in renewable energy. The recently proposed European Green Deal adds additional decarbonisation pressure to the gas sector with the increasing supply of renewable and low-carbon gases and the reduction of energy-related methane emissions.