Oil and Gas

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

Oil refinery in Portugal.

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
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).
Figure 1. Share of reserves, production and investment (2018). Image: IEA
Figure 2. Oil demand and supply in Sustainable Development Scenario.
Figure 2. Oil demand and supply in Sustainable Development Scenario. Image: IEA
Energy transition triangle.
Figure 3. The energy transition triangle, showing the relationship between sustainability, security and economic development. Image: World Economic Forum
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Related topics:
Oil and GasEnergy TransitionSDG 07: Affordable and Clean Energy
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