Accenture's Services for the Gas Industry
Natural gas is a business that has become as important to oil companies as oil. The percentage of gas reserves in many major oil company portfolios is at least equivalent to, if not greater than, those of oil.
Today’s international gas business is complicated and competitive and has many challenges (some of which are unique) including:
- Balancing regional and global market considerations.
- Managing complex value chains (particularly for LNG) with many players.
- Accessing reserves and markets often where incumbents and national oil companies (NOCs) have an established advantage.
- Managing large-scale, capital-intensive projects and gas-buyer demands.
- Investing in new technologies to maintain a competitive edge.
- Keeping ahead of changing policies and regulations, which constantly change the economics and direction of the business.
- Challenging price points around the world.
Gas demand has been falling, largely due to the global economic downturn, while supply continues to increase with major finds being announced around the world. But most companies remain focused an accessing key gas plays (e.g., shale in the United States and Australia), developing their LNG business, and investing in complex and large-scale gas projects and technologies (such as gas to liquids). This is because, long term, the outlook for gas demand remains strong, especially as many industries (notably power generation) switch from coal to gas.
Trying to balance short-term market dynamics with long-term growth has created a climate of uncertainty and greater risk for many companies, particularly in key markets like the United States. Companies that will succeed are those that can remain both flexible and ambitious in their approach.
Accenture has a group of consultants dedicated to the gas/LNG industry. We offer services such as:
Strategy Gas Asset Operations Business Processes Engineering, Project and Data Management Corporate Services
Did you Know?
Accenture has a business presence in many energy-relevant geographies including Aberdeen, Abu Dhabi, Bangalore, Beijing, Calgary, Doha, Houston, Jakarta, Kuwait City, Lagos, London, Luanda, Moscow, Perth, Rio de Janeiro, Seoul, and Stavanger.