Our time14 Aug 2022 12:07
Many oil majors are walking away from their existing oil projects in favor of low-carbon alternatives. As long-explored basins are drying up, a plethora of oil and gas firms are looking to untapped regions to develop more favorable low-carbon operations in areas with greater longevity prospects. Investment in gas projects, including gas pipelines, processing infrastructure, and liquified petroleum gas (LPG), will also support the global renewable energy transition, as demand for natural gas is expected to remain high for decades to come.