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Oil & Gas Technical Compendium

Giant bank sees natural gas plugging gaps in Europe’s energy shift

FRANKFURT (Bloomberg) One of the world’s biggest clean energy lenders see a future for European natural gas investments.Government plans to quit coal and nuclear power may create openings for gas in the region, according to Thomas Brehler, global head of power, renewables and water at KfW IPEX-bank, the international export and project business unit of Germany’s development bank. Natural gas, the least polluting fossil fuel, offers the most practical backup for renewable generation until grid-scale storage arrives, he said.“In Europe, lots of investments are going to offshore wind, also for onshore, and not so much is going to gas,” Brehler said in an interview in the bank’s headquarters in Frankfurt. “There are more chances for gas-fired p.....

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