GECF Global Gas Outlook 2050

The GECF Global Gas Outlook 2050 is an annual flagship publication of the Gas Exporting Countries Forum.

The latest edition of the Global Gas Outlook 2050 is developed at a special juncture, one of profound challenges, as the world faces a multifaceted crisis encompassing the economy, energy, trade, health, environment, and geopolitics.

The global energy system has been on a roller coaster in the last three years: coronavirus pandemic, economic recession, chronic energy underinvestment, and geopolitical tensions. As a result, there have been drastic transformations in natural gas markets in ways that deeply affect physical flows, investment, trade, and market functioning.

Furthermore, geopolitical conflicts and the ensuing energy supply deficit have prompted policymakers to place energy security at the top of the priority list. The price discovery and risk management functions of a main natural gas exchange have also been altered, with potentially damaging consequences, notably on investment and financial stability.

Against this background, the uncertainties have never been so large and the challenges so profound. What is nevertheless clearer, and more crucial, is the energy trilemma: how to ensure a secure, affordable, and sustainable energy system over the short to long term? What steps should be taken to ensure that energy is available for socio-economic development, while concurrently protecting the environment?

The 2022 edition Global Gas Outlook 2050 seeks to answer these pressing questions by examining the global and regional economic growth prospects, demand and supply of energy, natural gas trade and investment, the effects of policies, technological developments, and various other drivers.

It features a special focus on Africa, as well as an extended natural gas investment outlook, covering both upstream and midstream projections.

Furthermore, two new alternative scenarios are included; namely the Energy Sustainability Scenario and Accelerated Energy Decarbonisation Scenario.

The 2022 edition Global Gas Outlook 2050 was released on the 29^thof January 2023 in Doha, Qatar. It is the seventh edition in the series.