Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Read more
Sign In
May 13, 202111:16 PM PDTLast Updated a month ago
Factbox: Getting out of gas - the sold and scrapped projects
Nina Chestney

4 minute read
LONDON, May 14 (Reuters) - Natural gas, long touted as a transition fuel by policymakers and industry, is losing its appeal for some producers in Europe as they try to reach net-zero emissions. read more
Below are examples of projects that have been dropped, gas asset sales and companies shifting focus.
Earlier this year, Drax Group (DRX.L), which aims to become carbon negative by 2030, scrapped plans for a new 3.6 gigawatt (GW) gas-fired power plant in Britain, which would have been the largest in Europe.
"The future of gas power generation fuel is getting shorter all the time," Drax Group Chief Executive Will Gardiner said at the time.
Commercial coal generation at the Drax power station in Yorkshire ended in March and the rest of the units run on biomass.
Last month, France's EDF (EDF.PA) said it was selling its 1.3 GW West Burton B gas-fired power station in Britain to institutional investor EIG. It has planning consent for a 299 megawatt gas-fired power station at the site, West Burton C, but no immediate plans to build it.
Swedish utility Vattenfall (VATN.UL) said this week it would explore the possible sale of a Dutch gas-fired power plant as it focuses on phasing out fossil fuels. L1N2MY0UI
Italian company ERG (ERG.MI) said in March it plans to sell its gas-fired power plant assets to reinvest in solar and wind.
Britain's SSE (SSE.L) agreed to sell its gas exploration and production assets as they are incompatible with its focus on net zero emissions.
With Norwegian energy firm Equinor (EQNR.OL), it is developing a 900 megawatt gas-fired power plant equipped with carbon capture technology (CCS) at Peterhead in Scotland.
SSE and Equinor also plan to develop two low-carbon power stations in North Linconshire, comprising carbon capture and storage (CCS) technology, and a hydrogen-fuelled power station.
"The beauty of CCS and hydrogen is that they can also be used to decarbonise heavy industry and other hard-to-reach sectors, which we know will be essential in achieving net zero by 2050," said Stephen Wheeler, managing director of SSE Thermal.
Meanwhile, RWE (RWEG.DE) is investigating how hydrogen and carbon capture can help reduce carbon emissions from its 2.2 GW gas-fired Pembroke power station in Wales. read more
Spain's largest gas-fired capacity owner, Naturgy, wrote down its Spanish plants by 1.15 billion euros as regulatory changes made these assets less profitable than renewables.
A report by accountancy firm PwC last year said nearly 23 GW of Spain's 24.6 GW combined-cycle gas turbine fleet would not be economically viable by 2030 if no capacity payment mechanisms are introduced in the country to ensure back-up supply.
Energias de Portugal (EDP.LS) has said it would not own any natural gas-fired power plants by 2030, while Italian utility Enel (ENEI.MI) also said it would get out of gas by 2050.
Reporting by Nina Chestney; editing by Barbara Lewis
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
Play video on original page

Read Next
Middle East
Lebanon approves financing fuel imports at weaker exchange rate
1:51 AM PDT
South Africa's Eskom to pay disputed wage rise in union stand-off
1:45 AM PDT
First deepwater gas field fully run by China starts production
1:41 AM PDT
Sustainable Business
NeXtWind buys three German onshore wind parks, looks for more
1:39 AM PDT

Sign up for our newsletter
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Energy · June 24, 2021 · 5:28 PM PDT
REUTERS EVENTS Reducing oil use to meet climate targets is tougher than cutting supply
Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate targets, often because consumers are not ready to pay up or compromise their lifestyles.
First deepwater gas field fully run by China starts production
1:41 AM PDT
Lebanon approves financing fuel imports at weaker exchange rate
1:51 AM PDT
Oil prices rise further on tight supply outlook, eyes on OPEC+
June 24, 2021
Chinese steel futures rise; coking coal, coke log weekly gains
1:21 AM PDT
About Reuters
About Reuters
Reuters News Agency
Brand Attribution Guidelines
Reuters Leadership
Reuters Fact Check
Reuters Diversity Report
Stay Informed
Download the App
Information you can trust
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Follow Us
Thomson Reuters Products
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Refinitiv Products
Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Refinitiv Data Platform
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
Advertise With Us
Advertising Guidelines
Terms of Use
Site Feedback

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved