Related Articles
Forward article link
Share PDF with colleagues

Time to prioritise gas?

With peak oil approaching, the industry's thoughts are turning increasingly to gas investments

The respective merits of oil and gas investments have been a matter of debate for some time. At the moment, both offer viable long-term opportunities. But with peak oil fast approaching, the industry's focus does seem to be shifting steadily towards gas. All the high-profile forecasters, from the International Energy Agency to BP, work on the assumption that gas will remain a mainstay fuel for the power and heating sectors over the next three decades, in support of intermittent renewable energy sources. Meanwhile, the future of oil demand is more uncertain, dependent to an extent on the uptake of electric vehicles and other alternative transport fuels. How those forecasts are affecting ind

Also in this section
Opec and IEA diverge on world’s capacity cushion
13 July 2018
As trade tensions and disruptions ripple through the market, Opec and the IEA disagree on the risks to supply
Oil markets on the rise
10 July 2018
The oil-price recovery has helped to improve the outlook for oil and gas capital markets
Strategy v market dynamics
6 July 2018
Members must consider a host of complex issues as they wrestle with the problem of managing oil supply