Totalenergies CEO Patrick Pouyanne said on Saturday European gas prices would keep rising until a decision is made that Europe will use the fuel for the long term, which would lure investment.
Energy prices have surged since Russia, a major fuel exporter, invaded Ukraine on Feb. 24, prompting western sanctions and concern of supply disruption.
"Do we accept gas as a transition fuel and that we need it for the next 20-25 years, then investors will come?" he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin sellers keep BTC price action in check amid $45K 'fakeout' warningNice as the current BTC price action is, Bitcoin traders are all about the mettle of $46,000.
Read more »
TotalEnergies boss says he won't work with Putin again — but refuses to write off Russian assets'I will not give them for free to Mr. Putin,' TotalEnergies CEO says of the company's Russian assets.
Read more »
Can an electric car really help you save money? Here's what experts sayAmid record-high gas prices at U.S. pumps, many have debated whether owning an electric car instead of a gasoline one could be a wise investment.
Read more »
Can an electric car really help you save money? Here's what experts sayAmid record-high gas prices at U.S. pumps, many have debated whether owning an electric car instead of a gasoline one could be a wise investment.
Read more »
Gas prices got you wanting an electric or hybrid car? Well, good luck finding oneSome Alaskans, encouraged by the state's plan to build more charging stations, are giving more serious thought to buying electric vehicles. But finding one isn't easy, and the upfront costs are high.
Read more »
Ice-T was ‘robbed’ at a N.J. gas station. The culprit? ‘Pump number 9.’No one can escape sky-high gas prices these days.
Read more »