Transition as a means to energy security

4 min read
Download article

Energy security is a global priority given the sharp rise in energy prices that has been exacerbated by Russian’s Ukraine invasion and recent OPEC+ policies. Strengthening energy security is a key focus of governments’ energy transition policies and should serve as a further accelerator of the net zero trend.

Europe is grappling with a near-term shortage of energy sources and supplies following Russia’s hostilities. In this environment, security-linked energy initiatives are aimed at identifying reliable gas supplies from “friendly” countries to reduce the dependence on Russian gas. Coined “friend-shoring”, this is being achieved in the near term by building new pipelines and/or increasing LNG imports.

But long-term, the entire energy system is expected to undergo a profound and deep transition which is likely to create a variety of investment opportunities across the infrastructure asset class, many of which will be inextricably linked to energy security.

The key themes on which we are focusing include the trend towards reliably sourced electricity to enable the electrification of industries and transport, green hydrogen to replace gas, and the resurgence of onshoring in developed economies, which is likely to require carbon capture technologies to deal with the near-term emissions implications.


Download article

Meet the author


Albena Vassileva

Albena is responsible for the sourcing, execution and management of infrastructure investments across Europe, as well as the development of key industrial relationships. Albena has more than 14 years of Private Equity track record, leading a range of investments, transformations and exits across industry sectors and geographies, as well as supporting the growth of portfolio companies at Board level.

View profile