The great gas debate, the role of gas in the energy transition - Global Energy Forum 2020

submitted by saltalberta on 01/18/20 1

Over the past decade, the shale gas revolution has irrevocably altered the global energy landscape. As prices have continued to drop, natural gas has significantly displaced coal as a power source in the West and has increasing potential to do so in the developing world. Particularly in the United States, the shift from coal to gas has resulted in a substantial cut in carbon emissions, while global LNG exports have helped reinforce this trend around the world. However, while many originally viewed natural gas as the logical transition fuel in the movement to clean energy—offering reliable backup generation to intermittent renewables—a swelling community of climate activists now see natural gas as the next enemy in the fight against climate change. As demand for climate action and global decarbonization grows, will gas become the new coal? What role will gas ultimately play in the energy transition? Fatima Al Nuaimi, Chief Executive Officer, ADNOC LNG Marco Alverà, Chief Executive Officer, Snam S.p.A. Adnan Amin, Distinguished Fellow, Global Energy Centre, Atlantic Council Tom Earl, Chief Commercial Officer, Venture Global LNG Moderated by: Amb. Richard Morningstar, Founding Chairman, Global Energy Center, Atlantic Council The Atlantic Council’s Global Energy Forum is the go-to conference on the geopolitics of the energy transformation, where energy and foreign policy leaders come together to set the energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The 2020 iteration of the forum focuses on three key themes: the role of the oil and gas industry in the energy transition, financing the future of energy, and interconnections in a new era of geopolitics. The forum’s regional footprint has expanded to emphasize increasing energy demand in South and Southeast Asia. Held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, the forum is held in partnership with the UAE Ministry of Energy and Industry, ADNOC, and Mubadala, and is part of the Abu Dhabi Sustainability Week.

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