Customers or employees first?

The growth of Hydrogen will be underpinned by industrial customers with clear business cases working collaboratively with suppliers to manage risk. However, the nascent business has much to learn from similarly overhyped sectors in the past.

Mid-tier indigenous firms stand to gain the most from the IOCs ‘reshuffling’ their African assets, thanks to their deep local knowledge and government relationships, but there are hurdles to overcome in sourcing investment and securing the most commercially viable deal. 

To mark the energy industry’s ongoing progression towards Net Zero, here is a roundup of Gas Strategies Information Services’ energy transition coverage from the first half of 2023

At an oil and gas event in Buenos Aires last December, Argentina’s energy secretary Flavia Royon announced what seemed like a breakthrough: Brazil’s state-owned development bank, BNDES, and the Development Bank of Latin America (CAF) had agreed to finance the construction of the remaining phase of a key gas pipeline from the Vaca Muerta shale play.

US President Joe Biden on Tuesday signed the Inflation Reduction Act (IRA), designed to speed up the energy transition and put the country on the trajectory for significant emission cuts by 2030. The bill will, among other things, offer more generous tax credits to carbon capture technologies, a move that is expected to boost investment in the sector.

Europe is increasingly turning to LNG imports as fears over Russian supply disruptions escalate. This is illustrated by the high utilisation rate of the EU’s regasification terminals which was above 75% this week, marking the highest usage rate for at least a decade, according to data published by Gas Infrastructure Europe (GIE).