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
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
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
