TRANSITION ANALYSIS
Independent analysis of the financial implications of the energy transition
Transition Analysis is an independent research organisation examining how changes in the energy system affect markets, corporate strategy and capital allocation.
Its research provides practical insights for investors, companies and policymakers to support investment decision-making.
Shock Therapy
The Hormuz crisis increases pressure on importers across Asia to reduce their dependence on LNG and exposure to spot prices, potentially weakening medium-term LNG demand growth beyond the current shock.
This note examines the drivers, using Pakistan as a case study, and the LNG assets and investors most exposed.
October 2026 | Research Note
The Strategy Trilemma
How companies allocate capital between core businesses, diversification and capital returns reveals their energy transition strategy.
This note uses the Capital Allocation Triangle framework to show how consistently bp, ExxonMobil and Repsol have pursued different strategies since 2018, and the implications for investors and transition assessment.
September 2026 | Research Note
Crude Projections
Increasing NGLs and biofuels supply alter the relationships between different parts of the overall liquids balance.
This note examines where those differences arise, the implications for prices, project economics and valuations and what they mean for engagement with corporates.
September 2026 | Research Note
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