Energy Transition Outlook 2018
Oil and gas forecast to 2050
Our oil and gas report underlines the continued importance of these hydrocarbons for the world’s energy future.
It forecasts several trends:
- Gas will overtake oil to become the largest energy source in 2026, and industry efforts will be directed accordingly.
- Production is likely to come from a greater number of smaller, more technically-challenging reservoirs, with shorter lifespans.
- Investment in pipeline and LNG infrastructure will increase to connect new sources of supply with changing demand centres.
- New gases will enter distribution networks, and lifecycle performance will come under increasing focus for the refining and petrochemical industries.