Vice-President and head of ExxonMobil's LNG business Peter Clarke at CERAWeek in 2024
Gas may be bridge fuel for centuries
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
The dialogue around the energy transition has become more nuanced since momentum began to build in the middle of last decade, with an eventful past three years acting as a reality check on how quickly the transition can proceed and the need to embrace a more holistic approach that includes a role for gas, senior IOC executives said at the World Gas Conference in Beijing in May. “[A reality check] has to some degree occurred, maybe, in terms of overall global awareness about how energy systems and infrastructure work, and the amount of investment that has occurred over time,” Kirk Johnson, senior vice-president of global operations for superindie ConocoPhillips, said on a panel with LNG execu
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
