High uncertainty and, at the same time, extremely high volatility prevail in energy markets, said Alexios Zachariadis, Partner for Strategy and Transactions at Deloitte, while speaking at the 31st Baku Energy Forum, APA-Economics reports.
According to him, this situation is also affecting energy flows. Conflicts have clearly demonstrated that companies need to enhance the resilience of their operations.
“Who will emerge stronger amid conflicts and geopolitical instability? It will be the companies and governments capable of making clear choices and taking bold decisions under conditions of high uncertainty,” Alexios Zachariadis noted.
According to him, when looking at the oil and gas system from an upstream (production) perspective, the winners will be those able to focus on “advantaged barrels.”
“By ‘advantaged barrels,’ I mean production with low costs, low carbon intensity, the ability to deliver supplies with high reliability, and a strong development plan,” Alexios Zachariadis stressed.
He added that in periods of uncertainty, reliability has become an important commercial value factor.
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