Time to prioritise gas?
With peak oil approaching, the industry's thoughts are turning increasingly to gas investments
The respective merits of oil and gas investments have been a matter of debate for some time. At the moment, both offer viable long-term opportunities. But with peak oil fast approaching, the industry's focus does seem to be shifting steadily towards gas. All the high-profile forecasters, from the International Energy Agency to BP, work on the assumption that gas will remain a mainstay fuel for the power and heating sectors over the next three decades, in support of intermittent renewable energy sources. Meanwhile, the future of oil demand is more uncertain, dependent to an extent on the uptake of electric vehicles and other alternative transport fuels. How those forecasts are affecting indus
Also in this section
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
