The role of gas in the energy transition will change
Monday, December 19, 2022
Significance
Extensive gas use is incompatible with net-zero ambitions. Coal-to-gas switching reduces greenhouse gas (GHG) emissions, but is feasible only when gas is readily available and affordable.
Impacts
- Gas exploration and new field development will increase as producers seek to profit from regional gas shortages.
- Asian buyers will continue to underpin new LNG investment with long-term contracts.
- Gas will play a reduced role in the European energy transition, necessitating accelerated renewables deployment.
Related articles
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.