A new report from the International Energy Agency estimates that demand for oil will peak prior to 2030. The projections, which were part of the IEA’s influential World Energy Outlook
Gazprom remained comfortably on top despite a dramatic fall in its output, while only Rosneft, PetroChina and BP managed to grow their gas production substantially. [Gas in Transition, Volume 3, Issue 4]
Gazprom expanded its share of global supply in 2021, but its output is likely to fall this year as Europe pushes to end its reliance on the Russian supplier.