Energy Council sees worsening underinvestment in oil and gas

But CEO Miller says surge in Middle East and Asia funding, creative solutions and ‘nuanced’ approach to transition offer hope

Financing oil and gas projects has become the industry’s Achilles’ heel, leading to chronic underinvestment. Speaking to Petroleum Economist, Energy Council CEO Amy Miller warned that, while the trend is likely to worsen, a surge in funding from the Middle East and Asia, creative solutions, and tying projects to energy transition goals all provide pathways to success. Miller talked up the crucial role that gas will play in the long run, not just in terms of a stable and secure supply but also in meeting decarbonisation goals. The Energy Council, which connects executives to finance energy investments and hosts the World Energy Capital Assembly in November, sees a huge role for the oil and ga