The Global Energy Transition and Its Impact on Project Cargo Logistics

The global energy transition — i.e., the decarbonization of energy consumption — already was gaining traction, albeit in fits and starts, when COVID-19 upended all expectations for 2020. The pandemic triggered a short-term oil price crash that forced project owners to cut billions of dollars from fossil-fuel-based capital project budgets, and it has accelerated the pace and breadth of the longer-term global energy transition. Governments, regulators, investors, consumers, and shareholders are pushing for large-scale adoption of decarbonized energy solutions. What does this mean for the project cargo supply chain that moves out-of-gauge, difficult cargo for the world's energy and industrial projects? What percentage of the global energy mix will remain fossil fuel-based, who will develop and build the projects, and how will they differ from those of the past? A growing share of the global energy mix will be based on renewables and green, or greener, resources. What does that mean for the project supply chain, near term, and further out? This webcast will analyze these trends and strategic outlooks related to the changing global energy mix.

Moderator: Janet Nodar, Senior Editor, Breakbulk and Heavy Lift, JOC, Maritime & Trade, IHS Markit

Speaker(s):

Jim Burkhard, Vice President & Head of Research for Oil Markets, Energy & Mobility, IHS Markit

Alex Klaessig, Director, Gas, Power, and Energy Futures, IHS Markit

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