global gas markets are changing: what it means

1 min read | march 25, 2024

Colin Parfitt, Chevron’s president of Midstream, spoke on a CERAWeek 2024 panel about the evolution of global gas markets. He took a moment after to discuss how those markets are changing.

Three key takeaways from the video:

Gas supports lower carbon goals through coal-to-gas switching.
Renewable power, such as wind and solar, is not always available. Natural gas serves as an effective backup, supporting reliability.
The U.S. pause on permits for new liquefied natural gas (LNG) projects is unfavorable for the climate, the economy and the country.

Learn more about Chevron’s participation at CERAWeek 2024