GAS WILL 'UNDERPIN TRANSITION FROM OIL TO ENERGY:' BP

GAS WILL 'UNDERPIN TRANSITION FROM OIL TO ENERGY:' BP - Sep 15, 2020 2:50:pm


BP is changing course, heading for a low to net zero carbon future, where integrated markets, sophisticated trading and natural gas will help fill the income gap left by oil and petrochemicals.


Natural and renewable gas will form the backbone of the newly reinvented oil major BP's ultimate goal of a low – and net zero – carbon future, said the executive vice president for gas and low carbon energy Dev Sanyal. He was speaking on September 15, the second day of BP Week.


As part of the series of webinars to convince the market that BP's radical shift in its business – from primarily oil, refining and gas to one focused on power and energy trading – he said that gas was the enabler of firm sales of electrical energy. Renewable energy that is firm will require battery storage that is not yet commercially available at scale.

Article from: Natural Gas world



Post by: Ramon Gomes Reis