Western European countries can increase domestic oil and gas production to a certain extent, which will increase their energy stability. At the same time, the abandonment of domestic production while maintaining imports, as well as the development of biomethane, remain key issues in energy policy.
Michael Libreich, an honorary member of the Energy Institute and a visiting professor at Imperial College London, said this in an interview with GuildHall.
He pointed out that the current policy is contradictory: “it is the height of hypocrisy to demonize oil and gas development at home, but import them from other regions with much worse environmental indicators”, adding that such an approach is “the pinnacle of economic shortsightedness”.
The expert stressed that there is potential for production growth: “Western European countries can increase domestic oil and gas production to some extent, and they should do this.”
The expert separately drew attention to the need to develop alternative local resources. “We must also significantly increase biomethane production, which can be increased at least fivefold across Europe,” he said.
According to him, in the long term, biogas can play an important role in the energy system: “after expanding renewable and nuclear energy generation capacities, biogas can provide backup electricity generation or be used to decarbonize shipping.”
Earlier it was reported that an increase in domestic oil and gas production in Europe could contribute to the growth of energy self-sufficiency, but the EU would not be able to completely replace energy imports.
Только главные новости в нашем Telegram, Facebook и GoogleNews!
Tweet