GECF is set to launch its Global Gas Outlook 2050
On Monday, February 10th, 2020, the official launch of the GECF Global Gas Outlook 2050 (GGO 2050) takes place at the Sheraton Grand Doha Resort and Convention Hotel.
The opening remarks at the Official Launch will be delivered by HE Saad Sherida al-Kaabi, Minister of State for Energy Affairs of the State of Qatar, Member of the Cabinet, President & CEO of Qatar Petroleum. At the event HE Dr. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum will introduce major findings of the GECF GGO 2050. This will be followed by a panel discussion and Q&A session with media and guests.
The Forum’s GGO 2050 is the only energy outlook worldwide to focus solely on natural gas. It aims to be a global reference for insights into gas markets and offers an impartial view on gas market evolution by emphasizing the most possible developments that are going to occur over the 2050 forecast horizon.
The GECF expects that the energy markets will undergo a significant transformation, as energy accessibility unlocks over a quarter of global demand. Global energy demand is projected to increase by almost 30% over the next three decades.
The Outlook forecasts that natural gas continues to receive positive policy support in several countries as an alternative to polluting and carbon-intensive fuels and a flexible option complementing intermittent renewables. This reaffirms essential role of natural gas in the attainment of UN Sustainable Development Goals, in particular Goal #7, as an environmentally friendly, affordable, reliable, accessible and flexible natural resource for ensuring economic development and social progress.
As per the GECF estimates, natural gas will be the only hydrocarbon resource to increase its share in the global primary energy mix, from 23% today to 27% in 2050. To this end leading position of the GECF Member Countries, which have the largest share of natural gas resources in the world, in gas production and trade empowers their indispensable contribution to the protection of the environment and, in particular, for mitigating and adapting to climate change.
The GGO 2050 key findings altogether with the topic of vital importance of natural gas in ensuring global energy security and more sustainable and resilient energy systems will be addressed during the official launch of the forecast and following panel discussion.
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