ICIS: EGM Comment - Europe's Gas Policies Are Fragmented, But Global Carbon Pricing May Not Solve All Industry's Problems

Gas is enjoying a brief moment in the sun in Europe, its profitability coming neck-and-neck with that of coal thanks to weak demand and low prices.

But the industry is aware that the resurgence could be temporary.

In a letter to the UN in June, a group of six oil and gas majors called for a global carbon price. This could push down demand for coal and favour gas as a companion fuel for renewable generation.

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