It is the start of a long goodbye for gas in various national power systems on the Indian subcontinent, as global energy price shocks drive a switch to low-cost and domestically available renewables and coal. [Gas in Transition, Volume 3, Issue 11]
A lack of progress on the Power of Siberia 2 pipeline following the latest meeting between Vladimir Putin and Xi Jinping in Beijing chips away at the picture of unshakeable unity and strength both leaders have sought to project under their “no limits” friendship. [Gas in Transition, Volume 3, Issue 10]
What the Statistical Review of World Energy brings out is a clear message that the world must “inject more urgency into the energy transition,” and develop the low-carbon technologies needed to bring emissions down. The good news is that the US and China are back in talking terms, ready to resume cooperation on tackling the climate and emission challenges facing both countries and the world. [Gas in Transition, Volume 3, Issue 8]
What is driving Shell to recalibrate its energy strategy is not just its massive profits in 2022, but also a determination to increase value to underpin higher shareholder distributions and close the valuation gap with its US rivals, Chevron and ExxonMobil. [Gas in Transition, Volume 3, Issue 7]