Jean-Pierre Clamadieu also believes that France can reduce its dependence on Russian gas by “3 or 4 years old†
Can France survive without Russian gas in the long run? To this question the chairman ofengie answer “eventually Yes. The question is, in what time frame? Because gas is an energy that requires infrastructure to be delivered where you want to consume it. These infrastructures take time†
When asked to clarify this horizon, Jean-Pierre Clamadieu answers: “I’m talking about years. In 3 or 4 years we will probably be able to significantly reduce our dependence (on Russian gas), says the president of Engie about France Inter† If we were to get a brutal break, it’s a much more difficult scenario that will require adjustments that are likely to be brutal as well.In 2020, gas represented about 16% of energy consumption in France, but 27% in Germany and 41% in Italy.
The author of “Europe, the future of French industry» (Cherche-Midi Editions) acknowledges that «the energy transition inevitably leads to an increase in energy prices compared to a few years ago†We are facing a specific crisis that affects the balance between supply and demand and leads to a premium form of risk. So prices are going up. This risk premium may disappear if the geopolitical situation stabilises», analyzes Jean-Pierre Clamadieu.
But Engie’s chairman warns that “energy prices will be high in the coming years because the energy transition has to be financed. The current crisis shows that we need to accelerate the energy transition†If we talk about the need to consume less gas, the alternative solution is the development of renewable energy sources (biomethane, hydrogen, electrical renewables)†
While the tariff shield is at the heart of the debates in the face of galloping inflationJean-Pierre Clamadieu thinks that “it is a political decision. It seems clear to me that protecting at least the most vulnerable consumers is essential“. While reminding thatenergy tariff shields have huge tax costs†