growing world needs balance of new and traditional energies

The population is expected to reach 9.7 billion by 2050, and energy use continues to rise by 1% to 2% a year.

Chevron leaders addressed energy sources and greenhouse gas emissions at Gastech Singapore 2023, an annual event focused on gas-based energies, lower carbon solutions and innovative technologies.

Balancing the world’s growing energy demands and need for reduced greenhouse gas emissions requires both new and existing energy sources.

“We believe all energy sources are needed, including natural gas and liquefied natural gas (LNG),” said Colin Parfitt, president of Midstream for Chevron.

Chevron is increasing LNG production to meet rising demand.

Companies, governments and others must work together to increase energy supplies and reduce greenhouse gases, according to Freeman Shaheen, Chevron’s president of Global Gas. Laws and regulations will play vital roles in meeting energy needs.

This year’s event centered on technology’s role in reaching lower emissions.

“Chevron aims to deliver affordable, reliable, ever-cleaner solutions, and we believe hydrogen will play a large part in that strategy,” said Austin Knight, vice president of Hydrogen, Chevron New Energies.

Chevron was a main sponsor of the event, which draws policymakers and energy leaders from around the globe.