Exploration & Production

The gas industry must look outside Europe to survive

The gas industry needs to accept reality and find a new role outside Europe if it wants to prosper in a low-carbon future The gas industry needs to accept reality and find a new role outside Europe if it wants to prosper in a low-carbon future.
By The Wildcat 18 May 2018 0 30916
The CCS research centre in Mongstad, Norway Norway’s CCS project at Mongstad. (Gassnova/Helge Hanson)

The atmosphere at gas conferences across Europe changes little from year to year. Unwillingness to accept that the gas industry on the ‘old continent’ is shrinking because of its failure to address carbon dioxide emissions is always an overwhelming theme. Amsterdam’s Flame conference this week was no different.

The European Commission has set clear carbon emission targets in line with the Paris agreement to keep average global temperatures to well below 2C above pre-industrial levels. The EU aims to cut greenhouse gas emissions...