Natural gas emits half the greenhouse gas emissions of coal in power generation and, when used as a substitute, makes it possible to achieve substantial emission reductions.
For gas to be able to play this role, it is imperative that the participants in the value chain – both businesses and states – pull together to fight methane emissions as underlined at the COP26 in Glasgow, which saw the commitment from 105 states to reduce methane emissions by 30% by 2030.
The main strengths of gas:
- Widely available resources, well redistributed worldwide thanks to LNG.
- A simple and immediate solution for decarbonizing electricity and industry, especially in high energy consuming sectors (steel, cement, etc.).
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.
