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European nations will be unable to switch Russian pure gasoline with out an vitality transition, based on Shell CEO Ben van Beurden.
Growing gasoline provides from Africa and Scandinavia in addition to boosting purchases of liquefied pure gasoline (LNG) can’t assist in changing Russian vitality on the European markets, van Beurden mentioned on Thursday.
“Bringing extra LNG to the market, rising liquefaction and regasification capability, and elevating pipeline provides from North Africa and Norway are cheap issues,” he mentioned including that “it’s also inevitable to have an vitality transition within the medium time period.”
“There isn’t a approach to merely purchase extra pipeline gasoline and LNG to fully substitute all of the Russian gasoline that we at the moment devour. This isn’t possible,” van Beurden mentioned.
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Russia is at the moment the biggest European gasoline supplier, delivering about 40% of pure gasoline consumed by the area. Russian gasoline is transferred by a number of routes, together with Nord Stream, operating on to Germany through the Baltic Sea, Ukraine’s gasoline transmission system, the Yamal-Europe pipeline, and the Turkish Stream pipeline by the Black Sea.
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