- demand for natural gas is set to grow substantially in the years ahead
- one of the drivers of that growth will be carbon-neutral LNG
Carbon-neutral LNG is another reason why natural gas could win the energy transition says an article on Forbes.
Demand for Natural Gas to grow
Now at 375 Bcf/d, the reality of the world’s energy situation is that natural gas demand is set to grow substantially in the years ahead. Any serious low-carbon outlook has gas as a foundational resource.
Jump in global gas consumption
Experts at McKinsey model “resilient” gas demand through 2050, even in an accelerated transition scenario to meet climate change goals. The U.S. Department of Energy forecasts a 40-45% jump in global gas consumption.
The growth in carbon-neutral LNG
Tighter restrictions on GHGs will bring even more carbon-neutral LNG. In fact, net-zero companies like Shell and BP have been planning to double their LNG portfolios to meet climate targets.
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Source: Forbes
