Skip to main content Skip to footer

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

May 10, 2022 15-MINUTE READ

RESEARCH REPORT

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

Disclaimer

About the Authors

Muqsit Ashraf

Senior Managing Director, Lead – Energy Industry Sector


Vivek Chidambaram

Managing Director – Strategy & Consulting, Energy


OGAN KOSE

Managing Director – Strategy & Consulting, Energy Integrated Gas Lead


FILIPPOS KAPONIS

Senior Manager – Strategy & Consulting, Energy


Simone Ponticelli

Senior Manager – Strategy & Consulting, Energy


Lasse Kari

Senior Principal – Accenture Research, Energy


Visit our Subscription and Preference Center