Can oil and gas investment go hand in hand with energy transition?

Feb 16, 2021

Until countries diversify their economies, it is unlikely that they will make decisions against monetizing their valuable O&G reserves. Image: Maksym Kaharlytskyi on Unsplash

Bart Valkhof

Head of ICT and Mobility Industries, Partner Engagement, World Economic Forum

Pedro Gabriel Gomez Pensado

Head of Oil and Gas Industry, World Economic Forum

Wan Sayuti

Project Fellow, Shaping the Future of Energy and Materials, World Economic Forum Geneva

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Oil and Gas

Figure 1. Share of reserves, production and investment (2018). Image: IEA

Figure 2. Oil demand and supply in Sustainable Development Scenario. Image: IEA

Figure 3. The energy transition triangle, showing the relationship between sustainability, security and economic development. Image: World Economic Forum

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