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Viewpoint: COP27 Signals Steeper Methane Emissions Scrutiny

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This year’s COP27 climate summit in Egypt was always going to be held in an altogether more gas-friendly environment than last year’s COP26. The current supply crunch and subsequent volatile energy prices have helped voices in the oil and gas industry to insist that the energy transition is moving too fast, and the lack of upstream investments led us to this mess, particularly in Europe. Gas is once again being spoken of as a stable and necessary transition fuel despite critics bemoaning the world’s ongoing fossil fuel addiction. But what COP27 has highlighted is that gas’ greenhouse gas emissions weakness will not go away, and scrutiny will only increase in subsequent years. The gas and LNG industry must prepare itself for this and help if it wants a place at the table going forward.

Topics:
Gas Demand, Methane Emissions, CO2 Emissions, Gas Supply, LNG Demand, LNG Supply
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