Natural gas and oil have retained their top spots within the energy mix of different countries despite the growing calls to switch to renewable energy. Together with LNG (liquefied natural gas), these fossil fuels are increasingly being relied upon by countries focused on ensuring that their economies can not only remain vibrant but also grow to greater strengths.
However, this trio (natural gas, oil and LNG) hasn’t been left untouched by the growing calls for low-carbon and clean energy. As a result, many players in this industry are actively taking steps to decarbonize so that their greenhouse gas emission profiles reflect the new reality of curbing emissions. Some entities have even started investing in zero-emission or low emission energy options.
TotalEnergies is an example of an oil and gas firm which has decided to diversify its offerings in light of the shift towards renewables. Between 2025 and 2030, the company plans to spend $80-$90bn to actualize its multi-energy approach by increasing its LNG share while also developing renewable energy sources.
TotalEnergies expects LNG to play a major role during the switch from using coal to generate electricity as the world transitions to renewables. For this reason, the company is placing special focus on developing their LNG resources in order to capitalize on this potential.
In the U.S., there is no doubt about President Trump’s zeal to usher in a golden era for the oil and gas industry. He is also taking steps to eliminate the red tape standing in the way of players seeking to export LNG from America. This shift is opening the door to stiffer competition within the global LNG market, and that will spur additional innovations and efficiencies within the space.
Europe is particularly hungry for more supplies of LNG from America due to the ease of moving the product from the U.S. to Europe. Europe is especially vulnerable to energy instability because it previously relied heavily on gas imports from Russia but after the outbreak of the war in Ukraine, these supplies were suddenly cut off. The U.S. is sorely needed to bring stability back to the natural gas supply of Europe.
Each region around the world has its own energy security challenges, and those challenges are creating opportunities for industry players to step in and address the needs of the market. This could be the reason why firms like GEMXX Corp. (OTC: GEMZ) are seizing the opportunity and venturing into the oil and gas industry. They aren’t necessarily late to the party; this may actually be the best time to jump in.
NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ
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