Energy Markets 2026: The Real FID Story Behind the Headlines

In this episode ,Our host Stuart Broadley is joined by Neil Golding, the EIC’s Director of Market Intelligence, for a quarterly Databank update examining what is really happening across global energy markets.Drawing on EICDataStream, which tracks more than 17,000 projects worth $17 trillion, Stuart and Neil explore six key takeaways shaping 2026. The conversation highlights the continued dominance of oil and gas in final investment decisions, the surge in LNG liquefaction driven by data centre demand, and the growing strategic importance of the Middle East as a global energy powerhouse.They also assess the slowdown in hydrogen FIDs, the renaissance in nuclear, including SMRs and early fusion projects, the rebound in fixed offshore wind, and the accelerating rollout of grid infrastructure to support electrification. The episode offers a data-led perspective on where capital is actually flowing, separating policy rhetoric from commercial reality, and why diversification across technologies and regions remains critical for the energy supply chain.What Is the EIC? The Energy Industries Council (EIC) is one of the world’s largest energy trade associations. As a not-for-profit organisation, it supports more than 950 member companies involved in the global energy value chain. EIC operatesinternationally, with offices in London, Kuala Lumpur, Rio de Janeiro, Houston, Dubai, and soon, Berlin.It is energy agnostic, supporting all parts of the energy sector. From mature renewable onshore and offshore sectors like wind, solar and hydropower; to grid infrastructure and large nuclear; to hydrocarbon sectors like oil & gas, LNG, FPSO, decommissioning, upstream, midstream and downstream; to emerging low-carbon sectors like hydrogen, carbon capture, CCUS, energy storage, BESS, biofuels, SAF (sustainable aviation fuels), and geothermal.EIC provides a wide range of services, including access to global market intelligence, CAPEX and OPEX project data, consulting support, events, business development opportunities, and advocacy. It also facilitates connections with key decision-makers and policymakers in the energy sector worldwide.Stay Connected with EIC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Learn more about the EIC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Explore EIC membership ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Learn more about the Five Golden Rules for a Healthy Energy Supply Chain⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Learn about EIC Consult⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Contact Stuart Broadley about doing your own C-level EIC podcast at [email protected]