OIES Podcast – Energy Transition Scenarios and the Impacts on Natural Gas

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In this latest OIES podcast from the Gas Programme James Henderson talks to Mike Fulwood about this latest work on Energy Transition Scenarios and their impact on Natural Gas. The podcast starts by discussing the key methodologies that have been used to generate the OIES scenarios before moving on to describe the three key outputs from the modelling process – the Declared Policies Scenario, the Net Zero with CCS Scenario and the Fragmented Scenario. Mike reviews the supply and demand outcomes for natural gas in each of the scenarios and looks at the contrasting impacts for specific regions and sectors. Future trade flows and prices are also discussed, before the debate turns to the future of decarbonised gases such as hydrogen and the need for CCUS to play a critical role if natural gas is to remain as a core part of the energy system to 2050. Finally, the emissions impact of the various scenarios is also reviewed in comparison with a Net Zero scenario.

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