Vattenfall's head office in Stockholm.

Vattenfall Sees Opportunity in Gas

Government-owned power company Vattenfall is expanding into the natural gas market in continental Europe, Swedish Radio News reports. Lower costs, climate issues, and increased availability all play a role in the company’s decision boost its use of the energy source.

With Vattenfall’s purchase of the Netherlands-based company Nuon last summer, natural gas now makes up eight percent of their total energy production. Most of the natural gas comes from the North Sea area, though Russia will soon contribute a great deal once its North Sea gas pipeline is completed.

“Vattenfall has a clear ambition to become the leading energy company in Europe. Using gas as a source of energy is something that is only going to grow in Europe in the future,” Vattenfall head strategist Helmar Rendez told Swedish Radio News.

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