WTF with ADX: Europe’s energy dilemma – balancing renewables with oil and gas

What’s the state of the European gas market? Will oil and gas play a role? Stockhead’s latest WTF answers these question and more.

Why is Europe still heavily reliant on oil and gas? How do renewables fit into this mix? Why did the energy crisis change Europe's approach to energy security? And why are European gas prices experiencing volatility?

ADX Energy (ASX:ADX)executive chair Ian Tchacos joins host Tylah Tully as he answers all these questions and more, delving into the complexities of Europe's energy market amidst the ongoing push for renewable energy.

Despite significant investments in renewables, Europe remains heavily reliant on oil and gas, with 84% of its energy still derived from fossil fuels.

Tchacos explores the impact of the energy crisis on Europe's energy security, particularly in light of the reduced reliance on Russian gas.

"Europe was getting drunk on Russian gas for the last 20 years," he said.

Now the region must look to diversify its energy sources as it works towards its net-zero targets.

Watch the video to learn more.

While ADX Energy is a Stockhead advertiser, it did not sponsor this content.

The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.