Gas capital expenditure boost to fuel the energy transition

Despite the rise of electricity generation from renewables, oil and gas will still account for a significant 40% of world energy demand in 2050. The Outlook expects natural gas to overtake oil to become the world’s largest source of energy in 2026. In a ‘golden age’ for gas, it will retain this position through to mid-century when it will account for a quarter of the world’s energy supply.

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