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The war in Ukraine: A moment of reckoning for the oil and gas industry

maio 10, 2022 15-minutos de leitura


In brief

An industry's vulnerability exposed

Together, oil and gas will make up more than 50% of the total energy supply in 2022.1

The reliance on oil and gas

The reliance on Russian oil and gas

Securing an affordable energy supply

Possible implications of the war in Ukraine

The path forward

Closing the oil and gas supply gap

Building resilience

Strategic play #1: Build brownfield capacity and operational excellence

Strategic play #2: Maximize greenfield investments

Strategic play #3: Achieve supply chain resilience

Strategic play #3: Achieve supply chain resilience

Strategic play #4: Strengthen commercial and trading capabilities

Strategic play #5: Accelerate clean energy, demand-side efficiency and decarbonization

Strategic play #6: Fortify cyber defenses

Transitioning amid uncertainty


About the Authors

Muqsit Ashraf

Lead – Strategy

Vivek Chidambaram

Senior Managing Director – Accenture Strategy


Managing Director – Strategy & Consulting, Energy Integrated Gas Lead


Senior Manager – Strategy & Consulting, Energy

Lasse Kari

Senior Principal – Accenture Research, Energy