Low carbon liquids and gases seen as primary role for oil and gas companies by 2050, according to survey of energy professionals

About The Authors

9th July 2020 09:30 - Oil and Gas

Low carbon liquids and gases seen as primary role for oil and gas companies by 2050: A survey by the Energy Institute (EI) has revealed that 33% of the energy professionals polled foresee that the primary role of oil and gas companies by 2050 should be 'low-carbon liquids and gases'.. 

The research surveyed 350 energy professionals and pre professionals who are EI members for the Energy Barometer 2020 and found that 32% believe that the future role should focus on 'new forms of energy or services' (32%), followed by 'traditional oil and gas products - plus methods to clean up the associated emissions' (17%). Fifteen percent (15%) said they foresee the primary role being 'traditional oil and gas products for hard to decarbonise sectors' by 2050. 

Looking just a decade on, three in ten (30%) said they see traditional oil and gas products along with methods to clean up the associated emissions as a primary role of oil and gas companies by 2030, followed by 'traditional oil and gas products for hard to decarbonise sectors' (26%), low carbon liquids and gases (22%) and new forms of energy or services (22%).

Respondents were also asked about their views on shale gas exploration and development in the UK, with 41% saying that the process should not be pursued, up ten percentage points on last year when it was 31%. Around one in six (59%) said it should be 'pursued in some form'. 

The figures show a change in attitudes across five years of the survey being conducted, with 79% saying shale gas should be explored five years ago, and just 16% saying it should not be. 



Sign up for free insights from your sector…

Support Us...

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article...


For updated Oil and Gas insights please follow us on @DJS_Oil_Gas or use our RSS feed

Other Oil and Gas Research Findings

Other Latest Market Research Insights

© DJS Research 2020