Xodus anticipates unprecedented decline in oil and coal, rise of gas

International energy consultancy Xodus Group has launched a new analysis showing that a rapid pivot to gas would be required to deal with rising global energy demand.

Xodus said on Friday that, in contrast to some recent future energy scenarios, it believed worldwide energy consumption would continue to increase, driven by economic growth in developing countries, and that approximately half of that demand would need to be fulfilled by natural gas.

The company’s recent report claimed that approximately $20 trillion would need to be spent on natural gas exploration and production over the next 20 years.

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