A new World Energy Council (WEC) report outlining three “plausible” pathways for the energy sector over the next 45 years vindicates the majors’ stance on the importance of natural gas in a carbon-constrained future. Global oil demand peaks in 2030 in two of the report’s scenarios, while the share of gas in the energy mix rises in all three scenarios. This chimes with what the majors have been saying in their own energy outlooks for years. “We have all heard of big oil. But this is now the age of big gas,” BP chief executive Bob Dudley told the World Energy Congress in Istanbul, Turkey, on 11 October. “Big gas ticks all the boxes. It is competitive and it is lower carbon,” he said.
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