DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from US$960 billion in 2015, to a peak of US$1.13 trillion in 2025.
Natural gas projects will receive a significant investment boost over the coming years. This will enable gas to overtake oil as the world’s primary energy source in 2026, and account for a quarter of the world’s energy by mid-century.
DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from US$960 billion in 2015, to a peak of US$1.13 trillion in 2025.
