So, what better way to contemplate the week that's about to follow other than over a delicious Negroni at the British Airways departure lounge dear readers.
Now depending on the energy industry or ESG [or lack of] vernacular, call natural gas an 'interim' or 'bridging' or 'destination' or whatever you wish fuel, it's err.... here to stay. Let's face it, those hyperscale datacentres that you continue to hear about on the airwaves, the telly, and all else in between are not going to be powered by renewables in totality anytime soon.
Because you and yours truly here need Grok, Gemini, Chat GPT and the wider global industrial and manufacturing complex need Industrial AI, and IIoT and more. So, they aren't going away, AI isn't going away, automation isn't going away, and well... natural gas fired power plants aren't going away either.
That's why the U.S. of A, Australia and Qatar, and pretty much all of the GECF membership are pumping billions of gas dollars (yup,its not just petrodollars) into the business. And the great and good of the industry will be in Milan, including none other than US Energy Secretary Chris Wright.
To quote the US Department of Energy, he will be there to "engage with energy ministers, nuclear and natural gas providers, members of the European Parliament and Commission, and other high-ranking officials to strengthen long-lasting partnerships and encourage countries to join the US as President [Donald] Trump builds a energy secure and prosperous future.
"This trip follows the announcement of President Trump’s Historic Trade Deal, which included an agreement from the EU to purchase $750 billion in US energy and invest $600 billion in the United States, all by 2028."
And, there you have it!
But before one takes your leave, here's a bit more pessimism on that deal via yours truly's column in Forbes, and a word on natural gas and the Middle East via Energy connects.
That's all for now folks. More musings to follow soon from Milan. Keep reading, keep it here, keep it 'crude'!
