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Globe At KDC, we keep a global perspective on the economic and political developments in the world around us.


Globalization We embrace globalization. In terms of historical parallels, globalization presents a fundamental shift that can only be compared to the Industrial Revolution or to the Renaissance. Globalization is indeed one of the greatest milestones of modern history.




Asia Globalization brings challenges. Today, Asia has the fastest growing middle class, The new global middle class in China, India and Brazil have propelled their respective economies to the same size as those of the G7 countries. The Brookings Institution estimates that there are 1.8 billion in the middle class, which will grow to 3.2 billion by the end of the decade. Asia is almost entirely responsible for this growth. Its middle class is forecast to grow to 3 billion by 2030. It would be 10 times more than North America and five times more than Europe.


Energy needs This growth inevitably translates to energy needs; exploding energy needs. Not only does the rapidly growing global middle class buys automobiles, flies and builds houses, the lion share of the energy consumption increase will come from the infrastructure required to support it: heating, air conditioning, public transportation, shopping centers, airports etc. This infrastructure requires energy: both from fossil fuels and renewables. For the foreseeable future, for traditional and renewable energy sources have to go hand-in-hand to sustain this growth.


World Oil and gas companies are facing one of their most challenging times. For many of these organizations, a key to adapting will be finding an informed perspective that can help them position themselves for what the future will bring. We understand the challenges that are facing the oil and gas industry: pressure to reduce carbon emissions, volatile commodity prices, changing demand patterns, financing and regulations. This environment is difficult for organization to assess and adapt to change.


Agreement The 2015 Paris Agreement set forth objectives for managing climate change and set a path toward zero net emissions. The decarbonization of electricity systems and expansion of renewable energy across the world is a critical step toward this goal. This energy transition is underway and, as a result, many companies are seeking to harness the opportunities it creates while grappling with the disruptive market forces it brings. We help companies succeed in the energy transition.


Transition Energy suppliers are balancing a competing set of demands from customers, investors, regulators, market operators and employees. Technology and innovation is revolutionizing how the industry can meet their various needs, if organizations can balance the various safety, customer, and return on capital needs to make the investment. Power and utility companies are undergoing a major transformation to keep up with shifting energy needs.


Smart Building Tech We have experience implementing emerging technologies, including smart sensors and data analytics capabilities that can help drive efficiency and meet customer expectations for service, personalization, and control. As power and utility companies define their major infrastructure needs across generation, transmission and distribution—including the addition of more renewable sources—we can provide insight into capital resources and deal opportunities to make it happen.


Network We also help identify vulnerabilities and risk management practices for threats such as cyber-attacks and significant weather events. Power and utility companies are trying to adapt to new operating conditions even as they have to manage shifting regulatory regimes and disparate rules across borders. KPMG professionals can help them stay on top of various policies and trends, customer empowerment, grid modernization, greenhouse gas emissions controls, decentralized energy, and sector convergence.


Workforce Finally, as the industry looks to transition its employees for the future, we help organizations understand how to better compete for needed talent against other industries, as well as to upskill an aging workforce for new demands.




Oil We help companies succeed in increasingly competitive energy markets by developing their capabilities, transforming their performance, and building a culture of continuous improvement. The energy industry has been through several volatile commodity-price cycles in the last 15 years. The upswing in crude oil prices to $147 and the ensuing crash of 2009 wreaked havoc in commodity and equity markets. Oil prices rebounded within a year but gas prices remained low, primarily dues to the "fracking revolution", an innovative method of extracting natural gas directly from the source rock. The U.S. shifted from a net gas-importer to an LNG-export superpower. Then came 2015 when OPEC flooded the global oil market and crashed oil prices again: to suffocate the new U.S. shale-oil business and to slow down the growth of renewables. Coal prices crashed in 2009 along with oil prices but gradually rose until the Covid pandemic. The pandemic hit the already batter energy industry like a sledge hammer, as the global supply chain suddenly came to a halt. Brent oil fell to the $20s, while WTI set an all time record of negative $42 for the front-month delivery! Then came the 2022 Russian invation of Ukraine and the possibility of declaring an embargo on Russian oil and gas. Commodity markets reacted instantly: oil rose to above $100 again, and European gas prices quadrupled! This at a time when the energy industry is just overcoming 2 years of postponed projects, problems with the sputtering global logistical supply chain, and a sudden lack of people. THe challenge for Europe is enormous: overcome decades of misguided political decisions that have led to Europe's dependency on Russian oil and gas. A re-thinking the timing of the Paris-Agreement commitments will be the inevitable result.


Transition In a fast-changing industry, energy companies clearly need to adopt new operating models, enter new markets and businesses, and capture new growth opportunities. We help companies to design and implement large-scale change programs that will increase their flexibility, transform their performance, and revitalize their organizations.


We work closely with each company to develop a fit-for-purpose transformation program that meets their unique needs and leaves them better equipped to tackle future challenges and uncertainties. We help companies to find better ways of working that are rooted in practical experience as well as innovative thinking.


LNG Given the current geopolitical situation, we help companies capture maximum value from the sourcing, trading, transportation, distribution, and storage of natural gas and LNG. The natural gas industry faces complex challenges, from assessing the robustness of unconventional gas production in North America, to evaluating the impact of LNG pricing on demand in Asia, and specifically after the Russian invasion of Ukraine the real possibility of central eastern Europe being cut off from, or having to give up, Russian gas supplies. To navigate an unpredictable market, companies need a global perspective on the dynamics of the business, analytical rigor in weighing strategic options, and the flexibility to respond swiftly to shifts in supply, demand, regulatory context, and competitive behavior.