A compressor station on the Power of Siberia pipeline
States, markets and the geopolitics of gas
Geopolitics is just as significant as market factors or climate action in shaping the future role of gas
The relationship between states and markets—and the impact of this relationship within the context of critical uncertainty about the future of fossil fuels—is a common thread running through the gas sector. The same day that US President Donald Trump described climate change as the “greatest con job ever perpetrated on the world”, at the UN General Assembly in New York, the UN Environment Programme published its latest Production Gap report. The report concludes that “governments plan to produce about more than double (120%) the volume of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5C, and 77% more than would be consistent with 2C”. 100–150bcm – Pote
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
