Mini Interview with Mr. Konstantin Petrov (Managing Consultant, DNV GL – Energy)
Question by ERRA: Dr. Petrov you were one of the main authors of a recent publication studying the role of gas in the future energy consumption. Among others, gas is expected to have an important transitional role in the decarbonization agenda. What are the main features characterizing the role of gas in the energy transition?
Answer by Mr. Petrov: Indeed natural gas has been witnessing challenges regardless of its environmental advantages over other fossil fuels. Nevertheless, the natural gas sector can still play a substantial role in meeting EU future energy demand. In the commodity markets this can be achieved by using natural gas in its current form, other forms like LNG and CNG and penetration of substitutes such as renewable gases. The development on the commodity markets will require adequate consideration of the associated infrastructure. The existing gas infrastructure may not only be dedicated to the commodity gas in its current form but may also be facilitating the penetration of other technologies, and particularly of renewable gases. The increasing use of CNG/ LNG in transportation determines the important role of the infrastructure for these emerging markets. The complex transition process involves substantial changes along the entire value chain and requires adequate policy and regulatory attention, and effective coordination between policy makers, regulators and industry as well.