Ahead of the 2015 UN climate change talks in Paris, the EU is preparing its own offer, possibly a 40% emissions reduction target by 2030, which it will discuss at the heads-of-state summit in Brussels this month. The EU will only be able to achieve this target by using more renewables, according to the head of gas, coal and power at the IEA Laszlo Varro. And for further decarbonisation, nuclear will be essential, he says. But as economies pick up in Europe and coal-fired power plants are decommissioned across the continent in the next few years, there will be an increase in gas demand, too, both for pipeline gas and LNG. Gas Strategies talks to Varro about natural gas in Europe and also about the 'rigid and inefficient' global LNG markets, the need for the creation of an Asian gas hub and about the elephant in the room - the amount of gas China is likely to absorb in the future.
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