New Delhi : Gas can be a driving force to help achieve an orderly energy transition, noted Ministers, industry leaders, heads of international organisations, and invited energy market stakeholders of the member countries of the International Energy Forum (IEF), and the International Gas Union (IGU) gathered at the 5th meeting of the biennial IEF-IGU Ministerial Gas Forum, hosted by the Government of the Republic of India.
They stated that gas can be a driving force to help achieve an orderly energy transition and is projected to make the largest contribution to societies across the world.
This can be said when compared to other energy technologies in energy outlooks, delegates acknowledged that an enhanced producers-consumer dialogue on the evolution of gas markets is necessary for both governments and industry to seize on these opportunities arising on the medium term, and maintain longer term gas market security.
Ministers noted that the future of gas is bright considering 21st century demographics that require economic prosperity and living standards to increase across societies, but that on the other hand, established policies and business models require closer consideration in light of current energy market projections.
The IEF producer-consumer dialogue welcoming initiatives to conduct an energy technology neutral, inclusive and ongoing dialogue on the platform that the IEF uniquely provides to ensure gas markets make an optimal contribution to energy matrices, for governments and industry to deliver on economic growth, climate change, and energy transition goals, was affirmed at the discussion.
