Name: LNG, renewables and future energy mix
Uploaded: 2024-08-02T16:01:19.385Z
Duration: 174.11
Description: Is LNG only a transition fuel or here to stay? Which gases will be a part of the future energy mix and in what volumes?

6- Sixth Interview.mp4

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6- Sixth Interview.vtt

english 

{{00:00:09}}
For a while in Europe, there have
been huge discussions that LNG is

{{00:00:14}}
only a transition fuel and we should
focus a lot on the renewables only.

{{00:00:19}}
And in the topics and the agenda,
we could hear owner renewables,

{{00:00:22}}
renewables and renewables.

{{00:00:24}}
And what we observe currently
that  European Commission and other

{{00:00:29}}
institutions have realised that.

{{00:00:31}}
LNG is a very important energy source
in  this transition and that it will

{{00:00:38}}
stay longer than potentially we have,
we have been Indicating that it was it

{{00:00:46}}
should say important at the same time.

{{00:00:48}}
We see that other regions and in the
world, like United States, China,

{{00:00:55}}
Southeast Asia and other countries,
they are transitioning quite often

{{00:00:59}}
from coal to LNG and simultaneously
employing renewable energy sources.

{{00:01:05}}
So therefore, we see that LNG will play
a significant role still in the future.

{{00:01:11}}
And we'll see how the renewables
will be picking up to be competitive

{{00:01:15}}
and  not to destroy the  markets.

{{00:01:22}}
That's a huge question how
future energy would look like.

{{00:01:26}}
We see that a lot of nuclear energy
is being discussed in different

{{00:01:32}}
agendas in different countries.

{{00:01:34}}
So if for a while nuclear
was not out from the agendas.

{{00:01:39}}
No quite a lot.

{{00:01:41}}
Of course, w wind, solar energy is
com to produce hydrogen and t with

{{00:01:52}}
other energy sources time, like low
hanging fr  wh can be employed to use

{{00:02:01}}
the same LNG infrastructure, natural
gas infrastructure, and therefore

{{00:02:05}}
to assist in decarbonization of
industries of energy already now.

{{00:02:11}}
So the mixture it seems that is going
to be transitioning from one portfolios

{{00:02:16}}
decreasing a little bit and other
portfolios increasing in the future.

{{00:02:21}}
What the percentages will be.

{{00:02:23}}
So it's still a huge question to be
answered whether hydrogen will manage to

{{00:02:28}}
switch all the amounts of natural gas,
which is currently used in the market,

{{00:02:33}}
that's a big question because it's still
pretty expensive to be produced despite

{{00:02:37}}
the efforts to invest into different
technologies of hydrogen production.

{{00:02:43}}
For sure, this is the future,
the question is what volumes

{{00:02:46}}
we will have in the future.

For a while in Europe, there have
been huge discussions that LNG is

only a transition fuel and we should
focus a lot on the renewables only.

And in the topics and the agenda,
we could hear owner renewables,

And what we observe currently
that  European Commission and other

LNG is a very important energy source
in  this transition and that it will

stay longer than potentially we have,
we have been Indicating that it was it

We see that other regions and in the
world, like United States, China,

Southeast Asia and other countries,
they are transitioning quite often

from coal to LNG and simultaneously
employing renewable energy sources.

So therefore, we see that LNG will play
a significant role still in the future.

And we'll see how the renewables
will be picking up to be competitive

That's a huge question how
future energy would look like.

We see that a lot of nuclear energy
is being discussed in different

So if for a while nuclear
was not out from the agendas.

Of course, w wind, solar energy is
com to produce hydrogen and t with

other energy sources time, like low
hanging fr  wh can be employed to use

the same LNG infrastructure, natural
gas infrastructure, and therefore

to assist in decarbonization of
industries of energy already now.

So the mixture it seems that is going
to be transitioning from one portfolios

decreasing a little bit and other
portfolios increasing in the future.

So it's still a huge question to be
answered whether hydrogen will manage to

switch all the amounts of natural gas,
which is currently used in the market,

that's a big question because it's still
pretty expensive to be produced despite

the efforts to invest into different
technologies of hydrogen production.

For sure, this is the future,
the question is what volumes

Is LNG only a transition fuel or here to stay?  Which gases will be a part of the future energy mix and in what volumes?