Not An Option

Europe cannot replace Russian natural gas, according to European oil professionals.

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

“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.

Perhaps more sanctions are the answer? Or more sanctions and pride parades?