emissions solutions
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.
- 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.
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