Timmermans made the comments late last week in a keynote speech at the Eurogas annual meeting.
Speaking in reference to the EU’s goal of reaching full decarbonisation by 2050, he urged swift action on the energy transition, arguing that delaying the shift to wind and solar would cost more in the long run.
“I want to be crystal clear: fossil fuels have no viable future,” he said. “And that also goes for fossil gas, in the longer run.”
Timmermans is responsible for the EU’s Green Deal planning. He said he expects the EU to have 10 times its current solar and wind capacity by 2050, leaving gas with only a “marginal role” in the future energy mix.
Eurogas is an association representing the European gas wholesale, retail and distribution sectors in relation to relevant EU institutions.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.