Natural gas will fuel clean energy transition, Armstrong says at COP28

Natural gas will continue to play a critical role in reducing emissions by replacing coal for power generation while reliably backing up renewable energy sources, said Williams President and CEO Alan Armstrong at COP28, the United Nation’s climate meeting in Dubai.

Last year, countries around the globe burned more coal to generate electricity than any other time in history. By contrast, emissions in the U.S. have declined significantly since 2005 because of the switch from coal to lower-carbon natural gas.

“We’re continuing to grow coal use around the world and the fact is, natural gas is more economic and one of the few things that we can deploy in scale without government subsidy to reduce emissions dramatically around the world,” Armstrong said in an interview with CNBC.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone Exploration advances growth in Trinidad

Touchstone Exploration solidifies its position in Trinidad’s energy sector with the recent acquisition of the Rio Claro block through its subsidiary, Primera Oil and Gas. Exciting new opportunities await.

Touchstone Exploration

Touchstone expands exploration potential

Touchstone Exploration, through its subsidiary POGL, has secured an exploration and production licence for the Rio Claro block in Trinidad and Tobago. This agreement was finalised in collaboration with the Government of Trinidad and Tobago, the

Touchstone Exploration

Touchstone Exploration reports encouraging well test results at Cascadura

Touchstone Exploration Inc (LON:TXP) has announced the completion of Cascadura-2ST1 and Cascadura-3ST1 well testing. Highlights ·    Cascadura-2ST1 Well: during an extended 48-hour test, Cascadura-2ST1 produced an average rate of approximately 4,950 boe/d, consisting of 26.4 MMcf/d of natural gas