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Wholesale Banking

The energy sector consists of conventional and renewable power generation, transport, and storage and covers activities across the oil and gas value chain. All traditional sources of energy (electrons and molecules) are consolidated within the sector. 

Two windmills in a wild sea

Our activities are comprised of six sub-sectors:

  • Renewables and Power
  • Oil and Gas Upstream
  • Oil and Gas Mid- & Downstream
  • Utilities
  • Energy Project Advisory
  • New Energy Technologies

With the energy transition in mind, combining both sources of energy in one sector allows us to observe and anticipate the partial replacement of hydrocarbons by electricity from renewable sources in several parts of the global energy system and work together with our clients to ensure their businesses are resilient and sustainable.

The sector is characterised by the diversity of our global client base as evidenced by their geographical presence that ranges from global to local, their position in the value chain from fully integrated across the spectrum to dedication to a specific niche, and the ownership that varies from state-owned to family-owned.

We regularly get questions from various stakeholders about our stance on certain issues. See ing.com for our stance on Energy and Oil and Gas.

Related energy sector insights from ING Think

Achieving your sustainability goals across the value chain

ING has established a Sustainable Value Chains team, focused on providing financial services and solutions to new value chains that will need to be built and expanded upon to support the sustainable transition, including energy transition.

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How the plastics industry can function without fossil fuels – and at what cost

This article aims to provide corporate leaders with insights into the business case of hydrogen-based plastics, bio-based plastics and recycled plastic – all of which provide an opportunity to move away from fossil fuels.

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Explore all the latest developments and trends

Stay up-to-date and find out about the latest developments and trends impacting the world of the energy sector on ING Think.

Read our economists' analysis (on THINK).