“As we look ahead to 2025, the energy sector is poised for both growth and significant challenges. Fossil Fuels: Despite the ongoing energy transition, fossil fuels remain dominant. The oil market appears stable, with prices expected to edge lower. However, geopolitical tensions and sanctions pose risks to this outlook. We expect weakness in European gas despite the stoppage of Russian pipeline flows through Ukraine. Meanwhile, the European carbon market is set for moderate gains. Renewables: The renewable energy sector continues its upward trajectory in 2025. (…) However, trade-protection measures may cause supply chain disruptions and necessitate the re-routing of critical parts, thereby increasing costs for developers in the US and Europe. Carbon Capture and Storage (CCS): We anticipate solid progress in CCS infrastructure and growing demand. However, most capacity additions will occur post-2025, as CCS development is a long-term endeavour.”
Morten W. Langer
