Monday, 10 September 2018

Gas to overtake oil as largest primary energy source in 2020s

DNV GL’s 2018 Energy Transition Outlook predicts an investment boom in natural gas with global Capex in gas upstream projects set to grow from $960 billion in 2015 to a peak of $1.13 trillion in 2025. This spending spree will herald a shift in the global energy mix, allowing gas to overtake oil as the world’s primary energy source in 2026 and account for a quarter of the world’s energy by 2050.

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