UNPRF - ENGIE And Natural Gas: The World Is Changing
- Suspension of Nord Stream 2 pipeline by Germany and the US is a $1 billion headache for ENGIE.
- Europe is considering risks of dependence on Russian oil and gas; this might lead to doubling down on Renewable energy investment.
- Situation unclear as the US bans and Europe looks to replace Russian oil; Russia raises closing Nord Stream 1 pipeline to shut down natural gas to Europe.
- ENGIE is big on natural gas but also has major renewables investments. Will the Russian situation change the balance between gas and renewables for ENGIE?
- ENGIE is well placed to cope with the European energy crisis, but how this will play out remains uncertain.
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ENGIE And Natural Gas: The World Is Changing