The IEA issued a call to exit fossil fuel investments. While many IOCs look to exit their more polluting assets, some analysts warn this could kickstart a ‘race to the bottom’ by National Oil Companies.
No new gas fields investments are needed if warming is limited to 1.5°C, according to the IEA. Yet gas & LNG prices are rising at a speed that raises questions about a supercycle.
The EU setting its own methane standards would send a strong signal to the gas market and have a direct impact on Europe’s own gas suppliers.