Articles & Video
Gas likely to get off lightly as shareholders and courts press Big Oil to accelerate energy transition plans
Successful shareholder revolts and legal action are piling pressure on the big publicly traded oil and gas companies to accelerate energy transition plans. This is encouraging the sale of dirty oil-focused assets to private and national oil companies, along with a future investment preference for lower carbon and gas projects – which could result in an increased weighting towards light oil, gas, and LNG among the majors’ future fossil fuel portfolios. Nevertheless, it may mean more gas gets left in the ground in the end.
New IEA report pressures industry to speed transition
In May, the IEA released a transformational road map on how the global energy system could transform and achieve net-zero carbon emissions by 2050. Its recommendations include no new upstream projects, and, of course, a dramatic ramp up in investment in renewables and other low carbon alternatives. Gas fares better than oil, with gas demand continuing to rise until the mid-2020s, but it then halves from that peak by 2050, highlighting the risk of stranded assets and encouraging investors to focus on alternatives now.
eFlame Infocus: Path to net zero – role of corporate PPA’s to achieve renewable goals?
Watch the eFlame Infocus webcast from 12 May 2021 on the main factors for success and challenges with PPA agreements
eFlame Infocus: Decarbonisation to net zero: carbon markets and natural carbon removals
Watch the eFlame Infocus webcast from 12 May 2021 and discover how carbon markets will evolve in response to the Paris agreement and corporate commitments to net-zero.
eFlame Infocus: Owning your Leadership, Identity and Power in the Energy Transition
Watch the eFlame Infocus webcast from 11 May 2021, and hear expert views from global women business leaders about succeeding in the LNG and energy world.
eFlame Infocus: Gas Markets update on sector integration and system integration
Watch the eFlame Infocus webcast from 11 May 2021, on decarbonisation of the energy system and how to create an integrated energy system taking into account the economic, technological, environmental and social elements which are impacting different member states.
eFlame Infocus: Policy overview on gas, methane and hydrogen: Fit for 2050 and the gas sector
Watch the eFlame Infocus webcast from 11 May 2021, on the European Commission's latest plans for the green deal and gas.
Navigating through the energy transition: the role of the industrial sector
Hear insights from Shell’s vision and contribution to the energy transition, across various sectors in the energy system, changing the mix of energy products sold to customers as their needs for energy change.
Carbon Neutral Commodities
Get an insight into carbon neutral commodities - options, scope and supply chain opportunities towards net zero targets.
Gas industry begins to move towards hydrogen.
Green and blue hydrogen projects are sprouting up all around the world, especially in Europe, with the low-carbon fuel increasingly seen as a key element in the energy transition. But, while its’ accelerating growth could be accompanied by a corresponding pick-up in the phase out of natural gas, hydrogen does provide opportunities for those in the gas sector, not only in terms of extending the lifetime of some infrastructure and creating new opportunities in CCS, but also in providing a new market for methane as a feedstock for blue hydrogen production.
LNG market tightens after record winter highs
Cold weather drove gas prices up early in the winter, with northeast Asian LNG spot prices hitting an all-time high – a sharp rebound after the record lows of last summer. As we head into summer 2021, global LNG demand is looking robust, buoyed by the relaxation of Covid-19 restrictions, along with accelerating coal to gas switching and falls in domestic gas production among some importers. This, combined with delays to supply projects, means prices for the next year are firmer than for some time, which may help new LNG liquefaction plants get off the ground.
The next wave of LNG
Released from FLAME Virtual
Join Total, Sempra LNG, Fluxys and OIES and watch their detailed discussion on the future of LNG after the crash in oil prices.
Decarbonisation LNG (or gas) value chain: is it a new reality?
Released from FLAME Virtual - hear from company represenatives at Elevate LNG, Origin Energy, and ERM on the decarbonisation of LNG and gas value chains, and how low carbon is becoming a reality.
Incentives for the European energy transition: can they lead us to carbon neutrality?
Released from the Energy Transition Virtual Forum, this session addresses the impact of cross-border carbon tax, the support required for heavy industry to achieve decarbonisation goals and the regulations which will be required to meet climate change objectives in 2030 and 2050.
Opportunities for gas in the energy transition
Demand growth in gas and particularly LNG markets is expected to continue as policy tightens up around CO2 emissions, and new frameworks such as the EU Green Deal drive countries towards widespread net-zero targets. But gas advocates say it is important that a level playing field for all lower carbon solutions is established, and acknowledge that the decarbonisation of gas will become increasingly important to ensure markets keep growing longer-term.
Expectation vs Reality - A roadmap to achieving net zero
What is the real meaning of net zero? What has happened in the 30 years? Can 3 economic principles improve climate change? What is the value of proper carbon pricing? We explore the 4 main themes from Dieter Helm’s presentation at Flame Virtual 2020.