The global oil and gas system is undergoing a sea change as the world transitions to a clean energy future, and some in the industry just won’t have what it takes to survive, a panelist said Sept. 17 at the Gastech Exhibition & Conference.

De La Rey Venter, executive vice president for integrated gas ventures at Royal Dutch Shell, described how the industry’s growth is diverging into two megamarket segments—one resembling the classic marketplace of big volumes sold long term to big buyers and an intensely competitive marketplace of the future where power shifts from a few large customers to many smaller ones.

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