A Way Out of the EU Gas Price Crisis with Biomethane
Today, the natural gas price stands at €80, compared to €18 a year ago. Prices for next winter are expected to remain at a similarly high level, according to current estimations. While governments are struggling to reduce the impact of soaring energy prices on citizens’ energy bills, they have a solution within reach: scaling up the production of sustainable biomethane.
The rapid scale up of biomethane across Europe could provide at least 34 bcm of renewable gas by 2030 if underpinned by a supportive legislative framework. This represents approximately 10% of total EU gas demand by 2030. According to the EBA, if the growth trend continues, by 2050 the biomethane industry could cover 30-40% of the EU gas demand.