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Alfa Group shareholder Fridman predicts stability or growth in gas demand in next decade


Interfax Ukraine Business Newswire  

 

    KYIV. Oct 8 (Interfax-Ukraine) - The downward trend in non-renewable energy sources is very strong and it will progress, but the demand for natural gas will remain or even grow in the next decade, Mikhail Fridman, founder of LetterOne, shareholder of Alfa Group Consortium, has said.

    "Gas is likely to rise rather than fall in the next decade," he said at the Kyiv International Economic Forum on Thursday.

    Fridman added that the share of alternative energy will also grow, helped by government incentives and worsening conditions for carbon sources.

    At the same time, according to his forecasts, despite the strong trend against non-renewable energy sources, the change in the structure of energy generation will not be very rapid.

    "It is frivolous to say that everything will happen very quickly - it is irresponsible," the businessman said.

    In such an environment, Fridman believes, oil and gas companies will not be popular, but they will exist for a long time and actively invest in carbon neutrality.

    "They will be arranged like a tobacco industry," the shareholder of Alfa Group said.

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