ADIPEC // “A Trump Administration will be more favourably inclined to develop the U.S. oil and gas industry," Torbjörn Törnqvist remarked in an interview with #Bloomberg's Joumanna Bercetche on the sidelines of this year's #ADIPEC conference. "The Energy Transition is happening. Make no mistakes about that…but oil will still 20 years from now play a very dominant role. I think the task for the industry is to clean up its use.” Torbjörn also participated in the Trading Session at ADIPEC, entitled "Traders and the energy transition", along with Vitol's CEO Russell Hardy, in a conversation moderated by veteran business journalist John Defterios. For the full Bloomberg TV interview, it begins at minute 35: https://lnkd.in/dTq5wMCy
Arne Hagenaars
1mo
If Oil and Gas are still crucial fir the next 20 yrs...and even BP has changed its strategy to produce more oil and gas ... why closedown the plant in Rotterdam? It makes no sense, Gunvor Group
Agreed with the statement still for naxt few decades oil demand will increase specially Asian & African countries……that must play a very dominant role
Insightful remarks from Torbjörn Törnqvist on the complex role oil will continue to play in the energy transition. While the push for sustainability accelerates, the industry’s commitment to ‘cleaning up its use’ is vital for balancing current demand with environmental responsibilities. It’s crucial for industry leaders to adopt innovative approaches to make oil cleaner and more efficient as we navigate this evolving landscape. Thank you for shedding light on these critical issues at #ADIPEC. #EnergyTransition #Sustainability #OilAndGasInnovation