OMV Chief Says Renewables Won’t Push Out Gas in EU Any Time Soon

The article discusses the views of the chief executive of the Austrian energy company OMV AG on the role of natural gas in Europe's energy transition. According to the CEO, the European economy will continue to rely on imported natural gas for the foreseeable future, as the shift to renewable energy sources like solar and wind is taking longer than initially anticipated. The article highlights the CEO's belief that natural gas will remain an essential part of the energy mix in Europe, even as the continent aims to transition towards more sustainable energy sources. The CEO argues that the shift to renewable energy will be a gradual process, and that natural gas will play a crucial role in supporting this transition, particularly in areas where renewable energy sources are not yet fully capable of meeting the demand. The article provides insights into the energy industry's perspective on the challenges and complexities involved in the shift towards a more sustainable energy future in Europe.