Letter from Europe: Gas industry back on high alert
International Gas Union warns of potential global shortfall by 2030 and calls for need to boost investment to meet energy security and sustainability needs
Gas should be the great unifier. Those concerned about the need for cleaner energy and those worried about sufficient and affordable supply should both heed the warnings from industry association the International Gas Union: invest more in gas now. With the fallout from the Russia crisis still fresh in the memory, there can be no room for complacency or environmental zealotry, with gas the ultimate energy solution. In the IGU’s Global Gas Report 2024, the key message is that current levels of investment gas supply are insufficient to meet the demand trend towards 2030. “The historical trend of gas demand growth from economic development and improving living standards in the developing world
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals