Energy Transition Outlook 2017

Oil and gas forecast to 2050

Oil and gas will be crucial components of the world’s energy future. While renewable energy will increase its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today.

Oil and gas in the energy mix

In our oil and gas report, we have translated the energy requirements of key demand sectors into the trends we expect to see across the value chain. We discuss how the oil and gas energy system will meet this demand from existing and new production capacity. We also consider implications for LNG and pipelines, and the roles digitalization and emerging technologies will play across the value chain.