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Natural Gas is Fit to Serve Europe’s Energy Future

Source: www.gulfoilandgas.com 1/17/2011, Location: Europe

“Natural gas is key to solving Europe’s energy challenges going forward, delivering on cost competiveness, security of supply and the climate challenge,” says Rune Bjornson, Statoil’ senior vice president for Natural gas.

Statoil kicks off a marketing campaign arguing for natural gas to be part of Europe’s energy mix for the long term.

It also marks that Statoil has been a reliable gas supplier to Europe for over 30 years based on its production from the Norwegian Continental Shelf.

“We are making the case for natural gas and pointing out that this energy source is a particular attractive option in the power segment, being cost competitive, relying on proven technology and having the lowest CO2 footprint compared to other fossil fuels,” says Bjornson.

The world, including Europe, stands to tackle the challenge of meeting growing energy demand while at the same reducing the CO2-emission.

“Our contribution is to focus on an energy source we deem as an obvious and cost-efficient solution that can make a large contribution in meeting both the issue of energy supply and reducing CO2 emissions.”

“In our view natural gas should have a key role to play in EU’s long term energy mix as it is an affordable, abundant and a low carbon fossil fuel,” Bjornson concludes.

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