Russia’s invasion in Ukraine has brought to light concerns about energy security and the transition from oil to gas.

Russia is a significant supplier of oil-and gas. Several major economies have announced plans to lessen their dependence on Russia in the last few weeks.

Friday will see the United States and the European Commission meet. issued a statement on energy securityIn which they also announced the formation of a joint taskforce on the topic. 

Both parties stated that the U.S. would try to provide at least 15 Billion cubic meters extra of liquefied gas for the EU in this year’s “strive to secure” These figures are expected to rise in the future, according to them.

Commenting on the agreement, President Joe Biden said the U.S. and EU would also “work together to take concrete measures to reduce dependence on natural gas — period — and to maximize … the availability and use of renewable energy.”

The vast task of governments worldwide who want to decrease their dependence on fossil fuels and prevent climate change from causing severe consequences, as well as to ensure energy security, is all highlighted in the preceding paragraphs.

The opportunities and challenges facing the sector of energy were discussed Monday at a panel discussion held by the Atlantic Council in Dubai (United Arab Emirates).

CNBC’s Hadley Gamble hosted the panel and was moderator. EniHe wanted to draw attention to the tensions in his industry.

Claudio Descalzi claimed that historically, there have been many different resources. “We are certain that over the last 200 years all of the energy vectors have changed. [have] … been added,” he said. He said, “So coal plus oil plus gas plus plus renewables.”

“We have not found an energy or source of source to replace all things. “It’s absurd to believe that anything can replace all things.”

Anna Shpitsberg was also present on Monday, as deputy assistant secretary for energy transition at U.S. Department of State.

Shpitsberg stated that the U.S. EU task force will focus on the areas of securing LNG supplies, but it will also seek to give “some certainty” to U.S. manufacturers that are increasing and surging Europe’s supply over the long-term and into 2030. She explained that infrastructure and permitting would be another area of interest.  

Before referring to Eni’s Descalzi, she said that it was important to not compromise the energy transition.

To the comment that one technology is not sufficient, and that one source route cannot be relied upon too much, hydrogen funding was a great decision.

Shpitsberg called hydrogen “a game-changing technology that speaks to a variety of other sources … because it can underpin nuclear, it can underpin gas, it can underpin renewables, it can clean a good portion of it and so can CCUS [carbon capture utilization and storage].”

She said, “So it’s making certain that the market gets enough signals and it knows that the regulatory environment supports the signals for current Energy Security.”

We are also sending all resources that we have to the transition. It’s why we’re putting billions of dollars into hydrogen R&D.”