SUBSCRIBE
PROFILE

Engie: Gas and electricity, a two-speed energy transition

Catherine MacGregor, Director of Engie, sheds light on the divergence in decarbonization between gas and electricity.

Share:

Engie transition gaz électricité

Comprehensive energy news coverage, updated nonstop

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 $/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

Engie is stepping up its investment in renewable energies. Catherine MacGregor, CEO of Engie, sees steady progress in the sector, supported by initiatives in wind and solar power. This highlighted a significant difference in the speed of decarbonization between electricity and gas. While electricity is decarbonizing at an accelerated pace thanks to renewable technologies, the transition for gas, or “the molecule”, is taking longer. This difference is mainly due to the technical and economic challenges involved in replacing fossil gas with renewable alternatives.

The role of biomethane and hydrogen

Catherine MacGregor sees biomethane and hydrogen as important vectors for decarbonizing gas. Engie sees these alternatives as essential, although the hydrogen market has not developed as rapidly as anticipated. Biomethane, in particular, is seen as an immediate solution that uses existing infrastructures without major modifications.

The challenges of hydrogen

The CEO acknowledges that the development of a viable hydrogen market faces significant obstacles. Among these challenges, the industrialization of electrolyzers capable of producing hydrogen on a large scale for energy-intensive industries remains critical. Engie continues to invest in the research and development of hydrogen projects, despite these obstacles.

Adjusting Engie’s targets

Revising its ambitions, Engie has postponed its low-carbon hydrogen production target from 2030 to 2035. This decision reflects an awareness of the realities of the market and the challenges to be overcome. Projects underway in Chile, Australia and the United States testify to the Group’s commitment to diversifying its energy sources while meeting the challenges of the energy transition.

Engie’s strategy, under the direction of Catherine MacGregor, illustrates the complexity of the energy transition. The divergence in the speed of decarbonization between electricity and gas highlights the challenges and opportunities ahead for the energy sector.

  • Popular on energynews.pro
Clariant targeted by BP and ExxonMobil in ethylene case
Veolia and TotalEnergies sign agreement to optimise industrial resources
Clean Energy Technologies installs ORC system for global industrial manufacturer in the United States
BlackRock and Canada Pension Plan finalise $6.2bn Allete buyout with Minnesota approval
J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A
Rockpoint Gas Storage raises C$704mn in Canadian IPO
Rockpoint Gas Storage priced its initial public offering at C$22 per share, raising C$704mn ($515mn) through the sale of 32 million shares, with an over-allotment option expanding the transaction to 36.8 million shares.
Tailwater raises $1.1bn to strengthen Producers Midstream and support its expansion
Tailwater Capital secures $600mn in debt and $500mn in equity to recapitalise Producers Midstream II and support infrastructure development in the southern United States.
Well-filled gas reserves could save Germany €25 billion in losses
An economic study reveals that Germany’s gas storage levels could prevent up to €25 billion in economic losses during a winter supply shock.
New Fortress Energy initiates commissioning of 624 MW CELBA 2 power plant in Brazil
New Fortress Energy has initiated the initial ignition of its 624 MW CELBA 2 power plant in Brazil, starting the commissioning phase ahead of commercial operations expected later this year.
Talen Energy secures $1.2bn to acquire two natural gas power plants in the United States
Talen Energy launches $1.2bn debt financing and expands credit facilities to support strategic acquisitions of two combined-cycle natural gas power plants.
Ukraine plans to increase gas imports by 30% after Russian strikes
The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.
Global natural gas power generation market to reach $122.49bn by 2030
Driven by rising electricity demand and grid flexibility needs, natural gas power generation is expected to grow at an annual rate of 4.8% through 2030.
Talen Energy raises $1.2bn to finance two gas-fired power plants in the United States
Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.
Tenaz Energy acquires strategic North Sea gas assets for $339mn
Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.
Sembcorp secures new 10-year contract for its Salalah power plant
Sembcorp Salalah Power & Water Company has obtained a new 10-year Power and Water Purchase Agreement from Nama Power and Water Procurement Company, ensuring operational continuity until 2037.
Eni resumes offshore drilling in Libya after five-year suspension
Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
GOIL commits $50mn to expand LPG storage capacity in Ghana
GOIL is investing $50mn to expand its LPG storage capacity in response to sustained demand growth and to improve national supply security.
QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block
QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
Ukrainian suspected in Nord Stream sabotage faces possible extradition
Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.
Shizuoka Gas closes tender for seven-year LNG contract starting 2027
The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
Baker Hughes to supply key liquefaction equipment for Port Arthur LNG Phase 2
Baker Hughes has secured a contract from Bechtel to provide gas turbines and compressors for the second phase of Sempra Infrastructure’s LNG export project in Texas.
Targa invests $1.6bn in NGL pipeline between Permian and Mont Belvieu
Targa Resources will build a 500,000 barrels-per-day pipeline in the Permian Basin to connect its assets to Mont Belvieu, strengthening its logistics network with commissioning scheduled for the third quarter of 2027.
Chevron puts Colorado pipeline assets up for sale for more than $2 billion
Chevron has appointed Bank of America to manage the sale of pipeline infrastructure in the Denver-Julesburg basin, targeting a valuation of over $2 billion, according to sources familiar with the matter.
Hungary secures 10-year LNG contract with Engie through 2038
Hungary has signed a ten-year agreement with Engie for the annual import of 400 mn m³ of liquefied natural gas starting in 2028, reinforcing its energy diversification strategy despite its ongoing reliance on Russian gas.

All the latest energy news, all the time

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3$/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.