Dec 12, 2010

Natural gas is key for Europe to reach climate target at lowest cost



Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 percent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix going forward. 
In a report initiated by a group of experienced gas players in Europe and delivered to the EU Commission today, December 10, highlights how this can be achieved. 
“We appreciate the scale of the challenge and the necessity of curbing the CO2-emissions. Our contribution is to focus on how Europe can reach its ambition in a practical and economically viable way,” said Rune Bjørnson, executive vice president for Natural gas in Statoil. 
“To that end it is our belief that natural gas must play a pivotal and constructive part in meeting this challenge.” 
[Read more]
Source: Penn Energy

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