Petronas CEO calls the current market crisis “absolute bedlam” and “chaos” #CERAWeek
Cheniere’s Fusco: we process 7-7.5Bcf/d currently for LNG export. ‘We are maxed out.’ #CERAWeek
Cheniere on whether there’s any slack in the global LNG system: ‘not much’ Fusco says, ‘no one is holding back’ #CERAWeek
$HES CEO is ‘sure’ US producers will respond to current oil crisis but ‘investors, inflation and inventory’ will dictate how output responds.
Thinks investors should become comfortable w/ growth, but cost inflation is real and cos will be judicious given inventory constraints
Thinks investors should become comfortable w/ growth, but cost inflation is real and cos will be judicious given inventory constraints
Petronas CEO: transition needs to be just and responsible. We’ve allowed for too long the perfect to be the enemy of the good. Deal with the low-hanging fruit on operation emissions. But be careful not to trigger unintended consequences on energy security. #CERAWeek
$HES CEO: we need a strong oil and gas industry to see the world through a smooth energy transition. We don’t need politicians or bankers saying no more investment. We’re already starting to see the ruptures in the economic system because of underinvestment #CERAWeek
Petronas CEO: we’re not the enemy in this story
And a note to bankers: shepherd us, don’t beat us into submission. This is a transition. #CERAWeek
And a note to bankers: shepherd us, don’t beat us into submission. This is a transition. #CERAWeek
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