Success of the energy transition will hinge on sufficient investment and supply chain reliability of natural gas, the president and CEO of LNG market pioneer Tellurian Inc. said March 25. Failure on that front will result in emerging economies turning to coal, Octávio Simões told viewers of the S&P Global Platts LNG Virtual Conference.

Aspirations for zero-carbon “green” LNG in 30 years don’t take into account that the transition is not exclusively a U.S. issue and that emerging economies around the world need energy to grow now.

“We cannot tell the rest of the world to put their lives on hold for a couple of generations,” Simões said.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access