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energy transition

Renewables/Energy Transition

Thailand’s PTT closer to ruling EV market in Southeast Asia

Thai oil and gas group PTT has signed a joint venture deal with leading electronics producer Foxconn to make electric vehicles (EVs) as Thailand aims to become the region's top manufacturer and exporter of EVs. The move underscores the state-backed energy company's desire to diversify away from the traditional oil and gas business, which may have slower growth potential in the long run.

Promoted

Delivering net zero should be ‘business as usual’

The energy transition has brought an exciting shake-up to the oil and gas industry, with companies aiming to significantly reduce their emissions footprint as soon as possible to ensure compliance with government and regulatory bodies.

Asia

Petronas CEO talks up sustainable energy transition

Tengku Muhammad Taufik, chief executive of Malaysian national energy company Petronas, today told the Asia Future Energy conference, that the pathway to a sustainable energy system is not yet clear. Moreover, there will be many different paths to achieving a net-zero emissions energy system, he said.

Opinion

Diverging credit path for European utilities

European governments have ambitiously raised targets for the energy transition, aiming for a net-zero carbon economy by 2050. In turn, there has been a significant push towards renewables and other low-carbon energy solutions. As Pierre Georges, Sector Lead for EMEA Utilities at S&P Global Ratings, explains, utilities that are aligned with these objectives are set to perform better over the coming decade