When TotalEnergies last month signed a deal with QatarEnergy to supply 3.5mn t/y of LNG to France for 27 years, it raised more than a few eyebrows (MEES, 13 October). European buyers have been unwilling to sign up to Qatar’s preferred long-term supply deals due to the energy transition and 2050 net zero targets.
Questioned about the deal during the firm’s Q3 earnings call, CEO Patrick Pouyanné said that even in a net zero scenario gas will remain a key part of the energy mix in Europe: “I don’t see how you could manage again a complex power/electricity market in Europe with a lot of renewables without having flexible assets.” (CONTINUED - 171 WORDS)
