Financing oil and gas projects has become the industry’s Achilles’ heel
Energy Council sees worsening underinvestment in oil and gas
But CEO Miller says surge in Middle East and Asia funding, creative solutions and ‘nuanced’ approach to transition offer hope
Financing oil and gas projects has become the industry’s Achilles’ heel, leading to chronic underinvestment. Speaking to Petroleum Economist, Energy Council CEO Amy Miller warned that, while the trend is likely to worsen, a surge in funding from the Middle East and Asia, creative solutions, and tying projects to energy transition goals all provide pathways to success. Miller talked up the crucial role that gas will play in the long run, not just in terms of a stable and secure supply but also in meeting decarbonisation goals. The Energy Council, which connects executives to finance energy investments and hosts the World Energy Capital Assembly in November, sees a huge role for the oil and ga
Also in this section
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
