Gas natural, key to energy transition
In 2040, the International Energy Agency estimates that the world energy mix will be composed of different types of energy. In this energy mix, natural gas will play a prominent role as a primary energy source with lower CO2 emissions per energy unit, which over the next few years should replace coal in its different uses, in particular electricity generation.
Switching from coal to gas to generate electricity represents a great opportunity to achieve large-scale CO2 reductions. According to the International Energy Agency, this would reduce emissions by 50% per kilowatt produced compared to coal.
For all these reasons, the 2018-2020 Strategic Plan is committed to making natural gas as a key energy source in the energy transition. Currently, gas already accounts for 73% of our reserves and 63% of production. Furthermore, we have signed an agreement with the company Venture Global LNG to supply one million tons of Liquefied Natural Gas (LNG) per year, for 20 years.