The current stage of the energy transition is characterized by the growing use of renewable energy sources (RES) and has a number of negative effects on both consumers and producers of energy.
The main negative effect for consumers is that energy systems become less predictable and less stable as the share of RES in their structure grows bigger.
Generation of power from RES depends on weather and lacks stability.
For instance, this factor had a significant influence on the European energy market in 2021.
Gazprom noted that natural gas is the most promising of conventional fuels, as its environmental advantages are considerable and the technologies of its use are well-developed and affordable.
Natural gas is projected to make a major contribution to satisfying the rising energy demand during energy transition, inter alia, as a reliable and efficient fuel for the booking of RES capacities.
As per up-to-date assessments, the growth in global gas demand may reach 15 % by 2030 and 25 % by 2040 as compared to the year 2021.A critical requirement to energy producers in terms of energy transition is to reduce the carbon intensity of their products.
The Nord Stream, TurkStream and Nord Stream 2 gas pipelines are designed to achieve a considerable reduction of greenhouse gas emissions as compared to alternative but less advanced gas pipeline systems on the one hand and the imports of LNG into the region on the other hand.
Gazprom works jointly with Russian enterprises to adopt the use of modern large-diameter pipes and gas turbine drives for gas compressor units with enhanced environmental safety characteristics.
With a view to further enhancing its environmental performance, Gazprom also implements measures to reduce emissions in the production segment of business and develop hydrogen technologies on the basis of natural gas.
To achieve comprehensive adaptation to energy transition processes, the company is preparing sustainable development scenarios up to 2050.
