FormerXBC Inc XEBEQ

RE:Dumb Question - natural gas security of supply

[ZouZS3]

stockrook86 wrote: Relatively new xebec investor nibbled into a small position and doing due diligence before maybe buying more.

I see a lot of comments here around the renewable sector and sector problems with solar, etc. However, focusing on renewable gas should xebecs products be getting a boost from the new concerns of natural gas supply security.

germany is desperately trying to get off Russian natural gas and is at risk of gas rationing. Just wondering if this is a tailwind for the company, or not really applicable for their products.

thanks for any feedback

Europe, the Russian-Ukraine conflict continues to impact energy markets and is widely expected to accelerate the pace of growth of biomethane projects. Earlier in 2022, the European Commission published the "Joint European Action for more affordable, secure and sustainable energy" ("REPowerEU") with the goal of establishing energy independence from Russian fossil fuels. The Commission has pledged 37 billion to increase biomethane production to 35 billion cubic metres by 2030, up from the 3 billion cubic metres in 2020, and represents approximately 20% of current Russian natural gas imports.