Europe has no shale gas, so, unlike the U.S., natural gas will not be getting in the way of quickly moving to renewable wind and solar energy.
Barbara Lewis and Henning Gloystein wrote for Reuters 23 August 2012, EU Green Energy Drive Says No To Shale Gas, Looks Towards More Renewable Power Sources,
In the medium term, the value of conventional gas is in providing reliable baseload power to supplement unpredictable renewables, which depend on the sun shining or the wind blowing.
Danish state-owned utility DONG Energy, which has relied heavily on coal-fired power generation, sees a combination of gas and renewables as the way to go.
“We see gas-to-power and wind energy as the ideal mix, together comprising clean and stable energy. Wind energy as the clean energy source, and gas-to-power as the balancing power,” Carsten Krogsgaard Thomsen, DONG Energy’s acting CEO, said.
Meanwhile, Windpower Monthly reported 13 August 2012, Dong issues 2012 profit warning,
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