"Energy CEOs say the narrative of a managed energy transition from fossil fuels to a cleaner system is over. For two decades, global energy demand was static and efficiency gains, economic shifts, and renewable growth created an illusion of control. The narrative was one of managed transition a straight line from fossil fuels to a cleaner, perhaps simpler, energy system."
"Seated on the same stage were Saad Sherida al-Kaabi of QatarEnergy, Wael Sawan of Shell, Darren Woods of ExxonMobil, Patrick Pouyanne of TotalEnergies, and Ryan Lance of ConocoPhillips leaders of companies that collectively sit at the centre of global energy supply. Their estimation: The era of demand is here, and the age of gas is accelerating, not fading."
The era of a managed, linear transition away from fossil fuels has ended as global energy demand accelerates. Rapid growth in artificial intelligence, data centres, electrification, and population increases is driving energy needs beyond prior expectations. Energy executives report that grids, infrastructure, and policy frameworks are not keeping pace with rising demand. Companies are rebranding as international energy companies to manage molecules, systems, and supply chains across expanding markets. Global LNG demand stands near 400 million tonnes annually and is projected to rise toward 600 million tonnes by 2030, reflecting an accelerating age of gas.
Read at www.aljazeera.com
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