In this interview given to BBC News, Dr Carole Nakhle, CEO of Crystol Energy, discusses the preparations for winter in Europe.
Main points discussed:
- People in Europe are preparing for the winter ahead, irrespective of government measures to curb energy consumption.
- Although gas reserves are plentiful, the exploitation and monetisation of natural gas are capital intensive and infrastructure takes time to build.
- While there are alternative sources of energy to gas, they are not all aligned with the EU’s climate agendas.
- The EU target of 15% reduction in gas consumption is feasible; yet, there will be a divergence between countries to achieve this target due to their varying reliance on natural gas in their energy mix.
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