Energy transition

Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

Recently, Fatih Birol, Executive Director at the International Energy Agency (IEA), outlined in an article for Financial Times that the world was on the brink of “a historic turning point,” with the demand for fossil fuels set to peak before 2030, although, the decline in oil, gas and coal would not be “steep enough” to meet the requirements of the Paris Agreement and limit global warming to 1.5 C. “Despite recurring talk of peak oil and peak coal over the years, both…

Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

The CEO of the Saudi oil and gas giant, Saudi Aramco, has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phaseout of fossil fuels. Amin H. Nasser, Aramco President & CEO, who observes the path to net-zero through the lens of climate goals and ways to achieve them, believes that everyone…

GGP: Economic diversification in the context of oil peak and the energy transition

Posted on August 20, 2018 by Mozambique Resources Post

Economic diversification has been a key developmental goal for the Middle East and North Africa (MENA) oil producers for decades as evidenced in their various national development plans. Some countries have made progress over the last few decades in diversifying their economic base and their sources of income.

Global Energy: “UN Official Calls On OPEC To Join Energy Transition” – reports

Posted on June 22, 2018 by Mozambique Resources Post

OPEC should join climate change fight efforts and prepare for the global energy transition away from oil, the executive secretary of the UN’s Framework Convention on Climate Change said in an interview with Bloomberg.

Global Oil & Gas: France to alter regulations to boost use of LNG as fuel

Posted on November 23, 2017 by Mozambique Resources Post

France could soon make a regulatory change that will allow liquefied natural gas (LNG) refueling at ports as it looks to secure its presence in the market as French prime minister Edouard Philippe spoke during a maritime conference in the port of Le Havre: “the country has to grasp the energy transition and equip the French ports with LNG infrastructure”.