Economics
What If Big Oil’s Bet on Gas Is Wrong?
- Global gas-fired generation capacity to decline after 2031
- Energy giants plan shift from producing oil toward natural gas
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Talk to a Big Oil executive these days, and the chances are they’ll steer the conversation toward gas.
“In 20 years, we will not be known as oil and gas companies, but as gas and oil companies,” Patrick Pouyanne, chief executive officer of French giant Total SA, told a conference in St. Petersburg last month.