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Chevron Says Natural Gas Is More Than Just a Transitional Fuel
Chevron Corp. said natural gas will play a long-term role in curbing climate-damaging emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy. To that end, European buyers are signing more gas-delivery contracts of a decade or more in duration as they seek replacement sources of the heating and power-plant fuel formerly supplied by Russia, said Colin Parfitt, Chevron’s vice president of midstream. “We see a long demand for natural gas,” Parfitt said during an interview with Bloomberg TV on Tuesday. “But we don’t think it’s just an intermediate ... (full story)