Lack of oil and gas investment could be serious issue, warns IEF’s McMonigle
Secretary General believes linear and ideal forms of energy transition will be difficult to achieve especially with false narratives around peak oil demand
The International Energy Forum (IEF) has been warning that continued investment in new oil and gas will be required to avoid significant supply-demand imbalances, given the natural decline rates of existing production. The warning signs are getting bolder every day, IEF Secretary General Joe McMonigle points out in an interview with Petroleum Economist. In an August report titled Shaping a Living Roadmap for Energy Transition the IEF engaged with a wide spectrum of stakeholders around the world and these voices said that without new investment, existing oil and gas output could decline by more than 75% by 2050. It added that ensuring adequate oil and gas investments while recognizing that de

Also in this section
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan