Future of gas hinges on political will

By The Wildcat 27 January 2017
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A drilling rig in the Khazzan gas field in Oman. (BP plc) A drilling rig in the Khazzan gas field in Oman. (BP plc)

Global gas demand is dependent on a Goldilocks situation of just enough action on climate change to encourage the use of gas over coal and oil, but not enough for companies to leapfrog gas and switch straight to renewables, Spencer Dale, BP’s chief economist, said at the launch of the company’s Energy Outlook 2017 on Wednesday.

Future demand is therefore highly reliant on the industry selling its vision of gas as a clean ‘bridging fuel’ to policymakers and ensuring they get the balance right. As Wildcat has noted previously, this is something the gas industry has a poor record of doing.

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