0304 GMT - The oil and gas sector remains a good investment, says Accenture's Group Chief Executive, Strategy, Muqsit Ashraf, at Energy Asia. He cites consistent double-digit returns on capital--often ranging between 15% and 25%--compared with lower returns from renewables. Demand is expected to continue rising, with oil consumption likely to grow over the next 5-10 years, while gas demand is projected to increase by 30%-40% over the decade, he says. The sector also faces a natural production decline in shale, and that has to be substituted or replaced, requiring continued investment, he adds. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 23:04 ET (03:04 GMT)
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