DNV GL forecasts gas capital expenditure boost to fuel the energy transition


Natural gas projects will receive a significant investment boost as it becomes the world’s primary energy source in 2026, and accounts for a quarter of the world’s energy by mid-century.

That’s according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, that predicts global upstream gas capital expenditure to grow from $960bn in 2015, to a peak of $1.13 trillion in 2025.

Upstream gas operating expenditure is set to rise from $448bn in 2015 to $582bn in 2035, when operational spending will be at its highest.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...