Europe’s Secret Weapon In Its Energy War With Russia

March 12, 2024

https://www.prnewswire.com/news-releases/europes-secret-weapon-in-its-energy-war-with-russia-302086804.html

 FN Media Group Presents Oilprice.com Market Commentary

LONDON, March 12, 2024 /PRNewswire/ — If Germany fails to make up for its winding down of Russian natural gas imports, high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will be the outcome.   That consensus led Berlin, in early February, to earmark $16 billion for the construction of four major natural gas plants to meet electricity demand, in addition to expansion of renewable energies.   Companies mentioned in this release include: Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

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