Russia–Africa Forum Participants Address Natural Resources

This publication by the Oxford Institute for Energy Studies explores challenges faced by oil companies and oil-exporting countries. A key issue facing oil companies and oil-exporting countries is how they should now position themselves and how best to be part of the renewables ‘revolution’.

Already grappling with a supply glut in liquefied natural gas (LNG), global gas companies face fresh challenges due to two seismic events: the COVID-19 pandemic and the global oil price shocks. Together, these developments are set to deepen and lengthen the current imbalance between supply and demand in LNG markets, leading to a lower-for-longer price environment. As a result, up to 8% of global LNG demand could be at risk (more than 25 million tonnes per annum, or MTPA) in the near term while the low-price environment could last another one to two years.

The November issue of BCG Review, a Russian-language publication of Boston Consulting Group Moscow, is focused on the formation of digital economy.