Energy transition promises enduring overhaul to natural gas value chain

As the energy sector's transition to less carbon-intensive operations accelerates, the natural gas industry faces risks and opportunities across the value chain. In a series of stories, S&P Global Platts and S&P Global Market Intelligence editors look at what the energy transition will mean for the following:

End use: Moves to block gas use in buildings have taken hold in some communities, driving a pro-gas backlash in some states.

Power generation: With costs falling for renewable power and associated technologies, the staying power of gas will depend on its low cost and flexibility to back up intermittent power sources.

LNG: Markets in Europe and Asia are becoming increasingly conscious of emissions associated with LNG supplies. US export developers are moving quickly to respond with mitigation measures.

Midstream: Some pipeline assets are at risk for underutilization or even becoming stranded. Others could benefit from growth in LNG feedgas transport and hydrogen blending in the gas stream.

Upstream: Amid sustained low prices and tightening demand, producers face a future of intense competition. Growing ESG pressure from investors will make carbon tracking and mitigation critical.