Lundin COO: Renewables Investment Must Greatly Increase

The video discusses Europe's need to transition from Russian gas and oil to renewable energy sources. It highlights the long timeline required for this shift, the challenges of current dependency on fossil fuels, and the necessity for increased investment in renewables. The discussion covers legislative changes, market dynamics, and the volatility of energy markets due to geopolitical factors. The video also explores the future outlook, emphasizing the structural issues of underinvestment in oil and gas and the potential for high energy prices.

What is the expected timeline for Europe to transition away from dependency on Russian energy sources?

What factors contribute to the volatility in the oil and gas markets as mentioned in the text?

How does underinvestment in oil and gas affect future pricing in the energy market?