Is Big Oil Prepared For The Natural Gas Era?

By 2034, natural gas will overtake oil as the main source of
energy, and by 2050 it will be the single largest such source
globally, satisfying 27 percent of demand. That’s according to the
first Energy Transition Outlook by DNV GL, a global quality
assurance and risk management services provider for the oil and
gas, maritime, and power industries. Gas supply, however, will peak
in 2035. In crude oil, DNV’s report forecasts, supply will plateau
between 2020 and 2028, after which it will begin declining
steadily. That’s bad news…

By 2034, natural gas will overtake oil as the main source of
energy, and by 2050 it will be the single largest such source
globally, satisfying 27 percent of demand. That’s according to the
first Energy Transition Outlook by DNV GL, a global quality
assurance and risk management services provider for the oil and
gas, maritime, and power industries. Gas supply, however, will peak
in 2035. In crude oil, DNV’s report forecasts, supply will plateau
between 2020 and 2028, after which it will begin declining
steadily. That’s bad news…