In a report released by Rystad Energy, the global gas industry is poised for a significant transformation in the coming decade, with a projected surge in gas demand set to shape the future of energy production. The forecast suggests a substantial 12.5% increase in gas production between 2023 and 2030 as the world grapples with the evolving energy landscape.
Rystad Energy’s analysis acknowledges the global shift towards cleaner energy sources and the need to limit global warming to 1.9 and 2.5 degrees Celsius. This shift is accompanied by rapid growth in renewable energy alternatives. However, even in these scenarios, the existing set of conventional gas fields is expected to fall short of meeting the surging global demand, necessitating a rapid expansion in unconventional gas supply.