Supply

Australia faces gas supply shortfalls despite gas playing a critical role in the country’s energy transition, a new report says.

The Gulf states remain relatively insulated from the Israel Gaza war, but heightened geopolitical tensions come as governments try to attract foreign direct investment.

A World Bank report said that oil prices could skyrocket if the war in Gaza spreads and causes supply interruptions. But analysts said that, for now, that does not appear likely.

Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.