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EU is reliant on overseas gas imports to replace Russian gas (Photo: Unsplash)

EU's appetite for gas drives €205bn in new investments

Europe's hunger for gas is driving €205bn in new investments to supply the bloc in the next decade, according to NGO Global Witness analysis based on Rystad Energy data.

Oil-giants Shell, TotalEnergies, ExxonMobil, Equinor and Italian fossil-fuel giant Eni are topping the list of spenders with a combined total of €132bn in the next decade.

Annual expenditure by the top 20 companies producing gas for Europe is set to rise by 75 perc...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

EU is reliant on overseas gas imports to replace Russian gas (Photo: Unsplash)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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