1、1 BUSINESS OUTLOOK 2020 ECONOMIC REPORT 2020 2 Our vision is to ensure the UK Continental Shelf becomes the most attractive mature oil and gas province in the world with which to do business. Read all our industry reports at www.oilandgasuk.co.uk/publications The UK Oil and Gas Industry Association
2、Limited (trading as OGUK) 2020 OGUK uses reasonable efforts to ensure that the materials and information contained in the report are current and accurate. OGUK offers the materials and information in good faith and believes that the information is correct at the date of publication. The materials an
3、d information are supplied to you on the condition that you or any other person receiving them will make their own determination as to their suitability and appropriateness for any proposed purpose prior to their use. Neither OGUK nor any of its members assume liability for any use made thereof. 3 C
4、ontents Foreword 4 Report at a glance 6 The changing economic and energy environment 8 The UK and global economy a year of rapid change 8 Global energy demand 10 UK energy dynamic 12 Achieving net zero UK challenges and opportunities 14 Investing in our energy future 15 The evolving role of the oil
5、and gas industry 19 Oil market dynamics 19 Gas market dynamics 22 The oil and gas industrys role in supporting UK energy security 25 Maintaining investment in the UKs the oil and gas industry 26 The industrys macro-economic contribution 32 Embracing new opportunities the new energy landscape 33 Lead
6、ing energy transition: a UK supply chain perspective 35 Providing cleaner energy addressing oil and gas industry production emissions 37 Helping to lower the emissions of the wider economy 39 Setting the framework for success 42 Economic Report 2020 ECONOMIC REPORT 2020 4 T he oil and gas sector, an