Statkraft rejects gas boom when coal is phased out

Unlike other players, the Norwegian utility does not believe that phasing out coal in Germany will lead to a huge boom for gas demand.

Photo: ritzau/Arkiv/Niels Hougaard

Renewable energy sources, and to a lower degree, gas, will supplement coal as it is phased out in countries such as Germany, which will also wind down their nuclear power, say several utilities.

Political changes in the wake of the climate crisis has created uncertainty about the future of gas, which was previously considered an alternative to oil and predicted to boom. However, Norwegian Statkraft, which owns several German gas plants, is not on board, reports

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