General interest (Translated via Google):
(Agence Ecofin) - Natural gas will account for a quarter of the world’s energy by 2026 and will become the primary source of energy, ahead of oil and coal. This is essentially what emerges from the new study of the Norwegian shipping classification company DNV GL, named: 2018 Energy Transition Outlook.
This study comes exactly one year after another of the same type, led by the company, which predicted that natural gas would emerge as the world’s largest source of energy in 2034.
According to the study’s developments, global oil demand will peak in 2023 and natural gas demand will continue to increase until 2034. Anything that will only be possible with the upsurge of upstream investment. To this end, the document forecasts an increase in global gas expenditures up from $ 960 billion in 2015 to a peak of $ 1.13 trillion in 2025.
Among other highlights of this study, Northeastern Eurasia, the Middle East and North Africa will continue to account for most of conventional gas production by 2050, while North America will continue to dominate unconventional gas production. In offshore, the Middle East and North Africa will experience the highest annual rate of gas production, by at least 2050.
In addition, DNV GL expects global liquefaction capacity to double by the end of the 2040s. As for gas trade, that of sub-Saharan Africa to India and South-East Asia should increase very strongly.