Page 12 - RusRPTDec22

Wind and solar capacity has to increase by 600 GW by 2030. This is the major driver for a reduction in gas use in the power sector. Building retrofits accelerate and heat pumps need to be in one‐third of the EU building stock. A big dollop of hydrogen and biomethane also needed.
Europe also has to source more LNG and pipeline gas. The dilemma is whether to rely on the spot market or contract long-term supplies from either existing or new projects. Either way, anywhere from 70-170 bcm of gas needs
12 RUSSIA Country Report December 2022 www.intellinews.com