The focus on the energy transition provides both opportunities and challenges for natural gas, the most environmentally friendly of the fossil fuels. The gas industry has already shown that it can reduce emissions and improve air quality, but can it also demonstrate that it is the foundation for deeper, faster decarbonization? What does the gas industry look like in a deep decarbonization world, and how does it adapt? What role does thermal power—and especially natural gas—play in power systems with increasing amounts of renewable supply? How can industry and policymakers counter the opposing risks of stranded assets and carbon “lock-in”?