Europe is facing a gas problem that can’t be solved with LNG

Gas networks in NW Europe (but not the UK) are generally divided into L-gas (low calorific gas) and H-gas (high calorific gas). The dependence on one large field for L-gas is becoming apparent, and with this field facing production restrictions, problems may occur before the L-gas networks can be converted into H-gas networks. Using H-gas in L-gas networks is unsafe, and many domestic/commercial appliances can only work with a certain range of gas.

A watershed moment for energy

According to the IEA's World Energy Investment report, published earlier this week, investment in electricity overtook investment for oil and gas for the first time ever. This is important, as we are currently at a crossroads for our energy transition. Investments today will have reverberating impacts 10, 20, 30 years to come, as certain networks will become committed to certain energy sources. Yet there is a reluctance to make these decisions, as the backdrop to electricity overtaking O&G investment is a 12% drop in global energy investment.