Related Articles
Forward article link
Share PDF with colleagues

Oil companies are betting on gas as the future

Big oil companies hope to find buyers in Asia, where energy demand is soaring

International oil companies (IOCs) are betting big on gas, particularly on capital-intensive liquefied natural gas (LNG) schemes that they hope will find buyers in Asia, where energy demand is soaring. But the rapid rise of clean-technology energy systems and fuels could snatch away potential new markets, especially in developing economies. For Big Oil, gas represents the future. It’s the cleanest burning fossil fuel, making it more politically acceptable as climate change rises up the global agenda. It could help keep a lid on global warming, especially if it kills off coal, the most carbon intense fossil fuel. And it’s affordable for power generation, especially when compared to oil, say

Also in this section
Storage fundamentals turn
20 October 2017
A shift in most oil markets from contango to backwardation is changing the outlook for the global storage business
Electric charge for EVs in Norway
18 October 2017
The electric vehicle market is expanding rapidly in Europe but a lack of sufficient infrastructure remains a problem. Christina Bu, Secretary General of the Norwegian Electric Vehicle Association explains all
Russia's LNG threat boosts export liberalisation prospects
17 October 2017
Don't expect the market to be freed up anytime soon, but Russia is at least thinking about busting Gazprom's monopoly on pipeline gas supply