Energy firms reluctant to cut Russian gas
European utilities are divesting from some Russian interests, but decisions on gas supply will require new sanctions
Danish energy company Orsted has joined a growing list of European utilities in withdrawing from many of its Russian interests and agreements. The company has suspended all sourcing of biomass and coal from Russia and will no longer enter new into contracts with Russian companies. “We have made sure that no direct Orsted suppliers for the buildout of renewable energy are Russian,” says Orsted CEO Mads Nipper. But the company has stopped short of suspending Russian gas supplies over concerns around energy security. “Shortfalls in gas supplies will, as opposed to stopping supply of other types of products, have severe human and societal consequences and therefore need to be coordinated at EU a
Also in this section
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term