MOSCOW (Sputnik) – Germany will not cease purchasing natural gas from Russia after 2050 when it is expected to switch to renewable energy sources to generate electricity as the country’s chemical industry will still require gas supplies, First Secretary of the Department for Economy and Science of the German Embassy in Russia Matthias Dehner said.
“There will certainly be no ban on [gas] deliveries as the chemical industry requires natural gas supplies. But the export of Russian gas used to generate electricity will stop. Today it accounts for approximately a quarter, and is expected to grow to 40 percent by 2040 but will drop again later,” Dehner told reporters, adding that after 2050 it would become too expensive to generate electrical power from fossil fuels.
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Dehner said on Thursday that coal-fired power plants could be shut down in Germany in 2035-2038.
According to the energy strategy approved by the German government, the share of renewable energy sources in the country’s energy balance should increase from the current 20 percent and reach at least 80 percent by 2050.