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The latest report from Wood Mackenzie emphasizes the integral role of natural gas in the global energy transition, highlighting its support for renewable energy expansion and its potential to reduce dependence on coal. Despite natural gas accounting for nearly a quarter of the world’s energy needs and offering lower emissions compared to coal and oil, challenges such as high LNG prices and the necessity for carbon pricing in Asia impede broader adoption. The report underlines that natural gas, particularly LNG, remains crucial as a transitional energy source in reducing global carbon emissions, acting as a bridge until emerging low-carbon technologies gain prevalence.

Elsewhere in the market, APA Group was a notable mover up 8.1% and ending the day at A$7.70. On Monday, the company announced a five-year East Coast Gas Grid Expansion Plan, aimed at increasing gas transport capacity and storage to meet demand and support new gas-powered generation. In the meantime, Barito Renewables Energy trailed, down 8.7% to end the day at IDR6,300.00.

APA Group aims to drive revenue growth through strategic technology investments and project expansions. Click through to read the in-depth narrative on APA Group.

Additionally, consider revisiting our Market Insights article titled "Oil & Gas: Near-Term Volatility vs Long-Term Trends," where we explored the pressing uncertainties and potential outlook for the oil and gas sector amidst the broader context of the energy transition, highlighting the industry's challenges and the strategic positioning of major players as they navigate the shift towards a low-carbon future.

Best Energy Transition Stocks

• Applied Materials finished trading at $168.57 down 2%.

• Tesla ended the day at $330.53 down 2.2%.

• Vistra finished trading at $142.76 down 5.1%.

Taking Advantage

• Take a closer look at our Energy Transition Stocks list of 143 companies, such as Bouygues, Keppel and NOV, by clicking here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.