a historic moment in the global energy calendar

As I look at today’s global landscape, I see a constantly shifting set of political, social and financial priorities that are influencing the decisions of today’s leaders. Traditional trade routes and industries are evolving, while new sectors and emerging technologies are shaping our future.

In Houston, embracing change is at the heart of who we are and what we do. Founded in 1836 at the junction of the Buffalo and White Oak bayous, this city has always sought progress and innovation, serving as a destination for forward-thinkers who are revolutionizing the world around us. At the heart of this journey is our energy sector, which first came to fruition in the early 1900s after major oil discoveries in the greater Houston area.

Building on more than a century of policymaking and public-private collaboration, including the creation of the Energy Corridor District in 2001, Houston is the energy capital of the United States. The city is home to more than 4,700 energy-related businesses that make it vital to the nation’s energy security and prosperity through the expansion of LNG export projects, as well as a prime target for foreign investment.

Despite this incredible success, we’ve never been limited to oil and gas alone. In 2021, the city unveiled a plan to lead the global energy transition to a low-carbon, energy-rich world. With the support of leading companies—including Chevron, ExxonMobil, Shell, bp America, and Schlumberger—and the galvanizing impact of the Inflation Reduction Act, Houston is now home to game-changing companies and projects that are decarbonizing key sectors and unlocking new growth opportunities for renewable resources.

Houston is extremely proud to host Gastech, the leading convening platform for natural gas, LNG, hydrogen, climate tech and AI, power manufacturing, and low-carbon solutions. As a landmark event in the energy calendar, Gastech has a rich 52-year history of bringing together key industry players—including ministers, CEOs, and leading innovators—to advance the energy transformation and deliver concrete strategies to achieve our climate goals.

As the host city of the event, Houston offers a shining example of what is possible in this time of uncertainty and change. Houston now derives 92% of its energy from wind and solar, more than any other city in the United States, and is developing one of the country’s leading hydrogen hubs.

I encourage all Gastech attendees to immerse themselves in the spirit of entrepreneurship and innovation that has been driving this city for decades. In the words of Bill Gates, “If you want a glimpse into our country’s clean energy future, you should come to the Lone Star State.”