Carbon Tracker Initiative 347d ago

As the energy transition accelerates, the oil and gas industry must contend with a shrinking market for its products. In response, certain companies are shifting the focus of their portfolios gas, and liquefied natural gas (LNG) in particular. The industry’s recent push into LNG has seen a surge in buildouts of new LNG infrastructure, and the global production capacity is expected to increase by c.50% by 2030. The report, discussed here, examines the dynamics of the LNG market, highlighting uncertain (and, in some markets, falling) future demand and the likely oversupply of LNG by the end of this decade. EXPLORE MORE CTI's Website: https://carbontracker.org/ ---- The Carbon Tracker Initiative is a non-profit organisation working to align the capital markets with the climate change policy agenda. Carbon Tracker are applying our thinking on carbon budgets and stranded assets across geographies and assets classes to inform investor thinking and the regulation capital markets. #energytransition #oilandgas #netzero #policy #climatechange #fossilfuels #finance #lng #capitalmarkets