Thread by @ftlive

LIVE: Day 2 of #FTCommodities has now started. Today we explore the energy transition, decarbonisation, the current sanctions on Russia and more. Register to watch live or catch up on any sessions missed on demand: on.ft.com/2ZPm8pe

Follow this thread for Day 2 updates.

.@vitol CEO Russell Hardy joins us now at Day 2 of the #FTCommodities summit to discuss managing the energy transition and the impact on the commodities industry from the unfolding situation in Ukraine. Watch: on.ft.com/2ZPm8pe

@vitol @vitolnews Customers are saying they would prefer an alternative to Russian crude oil at @vitolnews. '1-2m barrels a day could be lost, but a lot depends on Asia’s reaction which will find out more in next few weeks.' Russell Hardy in conversation with @humenm at #FTCommodities

@vitol @vitolnews @humenm Will we see a ration on diesel across Europe? Diesel supplies are a concern. ‘We are expecting more pressure across diesel markets as people look for alternative supplies to Russian supplies.’ Russell Hardy in conversation with @humenm at #FTCommodities. on.ft.com/2ZPm8pe

@vitol @vitolnews @humenm .@vitolnews CEO think '2-3m barrels of BPD Russian oil could be lost a day but a lot depends on Asia’s reaction which we will find out more on in the next few weeks.' #FTCommodities @humenm Watch: on.ft.com/2ZPm8pe

@vitol @vitolnews @humenm Our attention now turns to Natural Gas and Decarbonisation at #FTCommodities. @thomas_m_wilson explores now with his panel. Watch: on.ft.com/2ZPm8pe

@vitol @vitolnews @humenm @thomas_m_wilson 'What you ultimately need are market prices set. Set market prices to incentivise the change. The financial market infrastructure is as important as the pipeline and terminal infrastructure.' @abaxx_exchange on creating action on decarbonising the industry at #FTCommodities.

@vitol @vitolnews @humenm @thomas_m_wilson @abaxx_exchange @abaxx_tech Our #FTCommodities summit session on breaking news on dealing with sanctions is LIVE. Watch: twitter.com/i/broadcasts/1…

@vitol @vitolnews @humenm @thomas_m_wilson @abaxx_exchange @abaxx_tech 'Diesel by far is the worst affected' in Europe by the sanctions on Russia. @EnergyAspects' Dr Amrita Sen at #FTCommodities.

Do you think there should be a secondary sanction on those who buy from Russia? #FTCommodities

‘The era of cheap globalisation is over because we are starting to integrate values’ @frank_fannon at our #FTCommodities summit in Lausanne, Switzerland.

@frank_fannon We now hear from Torbjörn Törnqvist, Chairman & CEO of @Gunvor for a CEO spotlight session with @humenm at #FTCommodities. Watch: on.ft.com/2ZPm8pe

@frank_fannon @Gunvor @humenm Our next session at #FTCommodities sees us turn our attention to Power and Renewables. @NathalieThomas3 is joined now by panelists. Watch: on.ft.com/2ZPm8pe

@Trafigura @vitolnews @Shell

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell We are back after our lunch at #FTCommodities to now hear from @Trafigura CEO Jeremy Weir in conversation with @humenm for a CEO Spotlight. Watch: on.ft.com/2ZPm8pe

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell 'Trafigura are down roughly 2-2.5m BPD in Russian crude and products'. @Trafigura CEO Jeremey Weir in conversation with @humenm at #FTCommodities. Watch on demand: on.ft.com/2ZPm8pe

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell Where is the carbon market going next? Can carbon prices hit triple digits and what does this mean for industry and how are policymakers likely to respond? @helentbiz asks our panelists for our next #FTCommodities session.

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz Our final CEO Spotlight session at #FTCommodities Day 2 has just started. @Mercuria CEO Marco Dunand joins @humenm in conversation on stage now.

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz @Mercuria 'The opinion in Europe has shifted to more independence and is there to stay.' @Mercuria CEO Marco Dunand speaking with @humenm in relation to the security of supplies and sanctions on Russia. #FTCommodities

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz @Mercuria What did COP26 Article 6 mean for the voluntary offsets and what is the outlook for this market? Can blockchain and tokenisation change the game on carbon? Our next panel at #FTCommodities explore with @NathalieThomas3.

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz @Mercuria @WatrFoundation @Cargill @StanChart 'You have to give people a window in which to invest in this, five to seven years or so, otherwise it can kill any ideas of investing in new projects.' @StanChart's Chris Leeds at #FTCommodities in relation to Carbon Markets. Watch on demand: on.ft.com/2ZPm8pe

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz @Mercuria @WatrFoundation @Cargill @StanChart The Russian invasion of Ukraine has transformed international politics. What do Russian sanctions mean for the global commodity markets? What other key commodity markets are liable to disruption? Our next #FTCommodities panel unpack now.

@frank_fannon @Gunvor @humenm @NathalieThomas3 @Trafigura @vitolnews @Shell @helentbiz @Mercuria @WatrFoundation @Cargill @StanChart @ESPCI_Paris @Macquarie @EnelGroup @gideonrachman .@SylvieBermann at #FTCommodities comments on Putin's actions and the impact Russian sanctions has had on the commodities sector with fellow panelists.

'If the US stood out a bit further on Russian sanctions, it would give other countries the cover to move forward too.' @frank_fannon speaking at #FTCommodities.

Do you think the US is doing enough on Russian sanctions?

@frank_fannon Our final discussion of #FTCommodities summit day 2 gave us a spotlight on Battery Metals with moderator @hjesanderson.

@BritishvoltUK @Glencore @Trafigura @DeshneeNVedanta @TridentPlc

@frank_fannon @hjesanderson @BritishvoltUK @Glencore @Trafigura @DeshneeNVedanta @TridentPlc 'It is a transition not a switch, it will take time. We have to actively look at everything and think outside the box to meet net zero.' @BritishvoltUK's Orral Nadjari at #FTCommodities summit. Watch on demand: on.ft.com/2ZPm8pe

@frank_fannon @hjesanderson @BritishvoltUK @Glencore @Trafigura @DeshneeNVedanta @TridentPlc .@Glencore's David Brocas commented on the divide between OEM's from the commodities sector at our #FTCommodities Battery Metals spotlight session. Watch on demand: on.ft.com/2ZPm8pe

@frank_fannon @hjesanderson @BritishvoltUK @Glencore @Trafigura @DeshneeNVedanta @TridentPlc We have come to the end of our second day at the #FTCommodities summit in Lausanne, Switzerland. Register to watch our first and second day on demand online and to catch our third day live here: on.ft.com/2ZPm8pe