Petronas CEO Muhammad Taufik
Gas now a focal point for energy industry
From the upstream sector to the end-users, gas is no longer seen as a transition fuel or an afterthought, executives told attendees at the World Gas Conference
Top gas producers doubled down on the prevailing industry view that the fuel will remain an indispensable long-term energy source at the World Gas Conference in Beijing in May, emphasising that the lower-carbon fossil fuel will play a pivotal role in ensuring coal-dependent Asian economies can meet rising domestic power demand while decarbonising. Fast-growing gas markets in Asia-Pacific—where electricity consumption has increased by 3–4% every year since the start of this millennium—underline how regional developing economies increasingly view gas-fired power generation as a long-term solution for decarbonising and expanding their electricity supply, according to Petronas CEO Muhammad Tauf
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