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Shifting landscape for oil and gas companies as countries step up climate change commitments
The COP26 climate summit, being held in the UK later this year, is hoped to further advance international commitments to advance the low-carbon energy transition. Oil demand will shrinkand with it, so will the power of major oil producers.
Gas demand will remain resilient, but business models will need to evolve. Greater volumes of expensive dry gas are needed to meet gas demand.
Yet despite this resilience of gas markets, business models will need to change to maintain margins and attract capital in a world of stricter carbon policies. Enter your email address so we can get in touch.]
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