GECF Global Gas Outlook 2050
In an era characterized by energy transition and in a world facing several economic and health challenges, it has never been as critical as of now to be understanding the key drivers shaping the future of global energy. The GECF Global Gas Outlook 2050 (GECF GGO) provides long-term energy projections, based on assumptions regarding macroeconomic conditions, energy prices, and policies.
The GECF GGO is the Forum’s annual flagship publication. It is the only energy outlook worldwide to focus solely on natural gas. The GECF GGO aims to be a global reference for insights on natural gas markets and offers a view on natural gas market drivers, evolution and predictions to help to envision the world energy future over the 2050 forecast horizon.
The GECF GGO 2050 consists of 6 chapters. Chapters 1 and 2 introduce key global gas demand assumptions, including economic, energy price and policy assumptions, as well as environmental policy developments considering the global challenges witnessed in 2020 and the wide impact of COVID-19 on the global health and economies. Chapter 3 highlights energy and gas demand trends, followed by natural gas supply projections in Chapter 4, which include global gas resources, upstream and unconventional production. Chapter 5 is dedicated to global gas trade and investment outcomes resulting from the equilibrium between supply and demand. It takes into consideration gas market constraints, in terms of supply infrastructure, international supply contracts and gas supply policies. The final chapter features the alternative scenario developed by the GECF Secretariat, the Carbon Mitigation Scenario, that draws a global pathway for the world to reduce emissions in all sectors relying on the current existing technologies through electrification and the expansion of natural gas demand.
The GECF Energy Economics and Forecasting team uses the GECF Global Gas Model (GGM) for long-term economic forecasting of the natural gas market. The GGM is highly granular energy that includes various sub-models. The model has the capabilities to forecast 136 countries and covers 34 sectors and 35 fuels.
The 2020 Edition of the GGO was released on the 24th of February 2021 in Doha, Qatar.
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