The project is aimed at estimating the consequences of international carbon regulation for hydrocarbon markets. Conventional hydrocarbon producers have begun to respond to this regulation with “carbon-neutral” versions of their products. Nowadays, the carbon-neutral LNG market is more developed than the carbon-neutral oil market. This project is focused on accumulating existing experience of delivery of carbon-neutral hydrocarbon products, analyzing the likely transformation of market fundamentals due to the increasing requirements for carbon neutrality, and proposing a pathway to help Saudi Arabia to keep its competitiveness in the evolving market. As the market for carbon-neutral LNG is more advanced than that of carbon-neutral oil, the research will also discuss how the experience of the former can be applied for the rapid development of the carbon-neutral oil market.
Choosing to rely exclusively on renewable energy sources (RES) and eliminating hydrocarbons can lead to…20th April 2022