ExxonMobil Stresses Power of Gas in Reducing CO2 Emissions

Gas is essential to helping the European Union to reduce its CO2 emissions, ExxonMobil director for Europe, Russia and the Caspian, Linda DuCharme has said.

In an interview with Bloomberg, Ms. DuCharme said that the EU should take note of natural gas as a way to reduce the emissions that lead to climate change.

"When Europe is struggling with the challenge of reducing CO2 emissions and supporting growth in renewables, gas-fired power generation is an important consideration and really the only one that can support renewables and continue to keep CO2 emissions down," she told Bloomberg.

In January this year, Ms. DuCharme told the European Autumn Gas Conference, said that the world had an abundance of gas, which could help to lower emissions, but stressed that the EU needed to take advantage of those environmental benefits.

"In order to secure those benefits, Europe needs to continue to take advantage of those resources," she told attendees of the conference.

"For security of supply you need to have diversity of supplies. Europe’s in an enviable geographic position... There’s lots of infrastructure in Europe, existing storage, and pipeline as well as planned infrastructure, which allow natural gas to flow where it’s needed. We need a stable investment climate and competitive markets."