Wintershall Dea Says Europe Needs More Gas from All Sources
7/28/2021
FRANKFURT (Reuters) — Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.
Wintershall, one of five western world financiers of the Gazprom-led pipeline project, Nord Stream 2, said chief executive Mario Mehren in a call with analysts.
"It is important for Europe to count on as much (gas) infrastructure as possible to compensate for declining volumes of domestic production and to support our ambitious energy transition and emissions reduction," he said.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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