G7 draft communique: publicly supported gas sector investment can be temporarily appropriate

The Group of Seven rich nations believes that publicly supported investment in the gas sector can be temporarily appropriate while countries are accelerating the phasing-out of their dependency on Russia, a draft communique seen by Reuters showed.

"In the exceptional circumstance of accelerating the phase out of our dependency on Russian energy, publicly supported investment in the gas sector can be appropriate as a temporary response... if implemented in a manner consistent with our climate objectives," the document said.