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
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!