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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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The report finds that Germany, which is pursuing rapid development in hydrogen, could procure cost-competitive hydrogen (at about $1/kg) in 2050 from a variety of sources, including via electrolysis from its own domestic renewable power, or via pipeline imports from North Africa or Southern Europe. —Snam CEO Marco Alverà.

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Europe moves forward on the Energy Union; transport key element

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Latest data shows that the EU imports 53% of its energy at a cost of around €400 billion (US$454 billion), making it the largest energy importer in the world. Six Member States depend on a single supplier for their entire gas imports and therefore remain too vulnerable to supply shocks. 75% of EU housing stock is energy inefficient.