Why we are aiming for zero: OGCI perspectives on the methane emissions challenge

What does Europe’s energy future look like? Can Europe break its reliance on Russian oil and gas, and in what timeframe? Where will the alternative gas come from? How aggressively will renewables be rolled out? What changes are needed to make this happen? Where do nuclear and hydrogen fit?

How are soaring gas prices and a renewed focus on energy security changing the outlook for natural gas? How will gas trade patterns change? What will be the impact to relations between producers and consumers? Will exporting countries hold back supplies for their own domestic energy security? Has the role of gas in the global energy system become larger for longer?

With spare capacity dwindling, and new upstream investment tight, oil markets appear to be facing a volatile few years. How will high oil prices and scarce supply redefine the relationship between producing and consuming nations – and affect demand growth? What does the West’s isolation of Russia mean for the geopolitical balance of oil supply and demand? Will high prices unlock upstream investment among Opec-plus producers (large and small), US shale or others?

Global wholesale gas price survey release

To what extent do worries about security of supply change investment trends in fossil fuels? Is the world’s need for oil and gas today enough to incentivize long-term investment or do all projects need short-term paybacks to be viable? What will investors allow? How should companies navigate this uncertainty and plan for the future?

Sanctions on Russia and US-China tensions threaten to reverse the decades-long trend of globalization. How deep and long-lasting is the split between Russia and Europe? Is the Ukraine crisis pushing Russia and China closer together – and what are the implications? Will China mop up Russian energy or be wary of depending too much on one supplier? How do energy security, the low-carbon transition and global geopolitics intersect?

Hard-to-electrify industries like airplanes, cement, steel, ships and heavy-duty transport make up a large share of global emissions. What solutions are advancing for these businesses? Can they be scaled fast enough? How quickly are costs falling? Hydrogen, carbon capture, biofuels and electrification are all options – but what does the future for these sectors really look like?

Europe’s push away from Russian gas is redefining the LNG industry. How have higher prices and the supply crisis changed the outlook? Is it enough for companies to push ahead with big projects? What do buyers want? What about sellers? Can they bridge the gap? How are geopolitics rerouting trade flows and redefining relationships?

What will be the impact of soaring prices for both liquid fuels and electricity on transportation trends? Have EVs reached the tipping point where they will dominate new car sales? Where do biofuels fit in and can they extend the acceptable life of ICE vehicles? What is the impact on demand for oil? How does energy security influence policies and trends in transportation?