In 2024, Gulf Energy Development disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Gulf Energy Development disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumption | 266,441,627a | 216,447,293a | N/A | |
Non-Renewable Energy Consumption | 261,753,027a | 210,907,775a | N/A | |
Renewable Energy Consumption | 4,688,600a | 5,539,518a | N/A |
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In 2024, Gulf Energy Development consumed a total of 266.44 million Gigajoules of energy across its operations. Of this total, 1.76% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 98.24% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Gulf Energy Development consumed a total of 266.44 million Gigajoules of energy, of which 1.76% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Gulf Energy Development has considerable room to improve its energy sustainability strategy.
Since 2024, Gulf Energy Development's total energy consumption increased by 23.1%, reflecting a recent rise in overall energy demand.a
Over the same period, the share of renewable energy in Gulf Energy Development's consumption decreased by 31.24%, showing a recent negative trend in clean energy adoption.a