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Texas freeze demonstrates need for both gas and renewables: Total's Pouyanne

From spglobal.com

Power outages in Texas this month caused by snow and freezing weather demonstrate the need to keep investing in gas as a complement to renewables, even as Total increases its renewables capacity, CEO Patrick Pouyanne said Feb. 23. Register Now Speaking at the online International Petroleum Week conference, Pouyanne said his company does not foresee a decline in demand for oil and gas before 2030, although it anticipates oil demand decreasing subsequently. Stressing the continued need for fossil fuels, Pouyanne underlined the ongoing rise of LNG, noting demand had risen by 3% last year, driven by emerging markets, ... (full story)

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