Natural Gas News
The future of natural gas in a low-carbon world: GECF and Shell present divergent pathways [Gas in Transition]
May 3, 2021 10:15:am
Summary Shell sees natural gas demand peak in 2034 in its new Sky 1.5 scenario, which is designed to keep temperature increase limited to 1.5 degrees. From that point on, the role of gas will dwindle quickly, to virtually nothing by century’s end. By contrast, the Global Gas Outlook 2050 from the Gas Exporting Countries’ Forum (GECF) sees no peak at all for gas demand up to 2050 and views gas as the great winner of the energy transition. What are the assumptions behind these widely different perspectives? And how should gas companies deal with this kind of uncertainty? [Gas in Transition, Volume 1, Issue 1]