Page 17 - Gi flipbook - October 2018

FIGURE 1 Top five drivers of investment in natural gas and/or LNG in 2018

FIGURE 2 DNV GL’s Energy Transition Outlook 2018 forecasts that gas, followed by oil, will be the two largest primary energy sources
at the end of the forecast period

Meanwhile, global gas demand will play in helping to meet future, older pipeline infrastructure. Many are
continue to increase for nearly two lower-carbon energy requirements.” gas pipelines, emphasising the shift
decades, peaking in 2034. It will have towards gas.
overtaken oil to become the world’s FUELLING THE FUTURE Some mega projects will have a
largest energy source in 2026. In transport, as in power generation, major impact on the future energy
Liv Hovem, CEO of DNV GL – Oil & gas is the energy transition fossil fuel mix. Examples include the Power of
Gas, said: “Society’s transition to a less best positioned to cover capacity and Siberia line to deliver Russian gas to
carbon-intensive energy mix is already applications for which zero-carbon China from late 2019, and the
a reality, and oil and gas will continue technologies are not yet viable. Southern Gas Corridor series of
to be crucial components. Our Midstream companies are rolling pipelines that will connect gas from
research affirms that the industry is out infrastructure to connect new Azerbaijan to markets in Europe.
already taking positive steps to secure sources of supply with changing Gas transport as LNG is expected to
the important role we forecast gas to demand centres while maintaining grow faster than pipeline transport
over the coming decades. The ETO
predicts that the share of gas
The industry’s growing confidence transported as LNG will grow from 30
in gas reaffirms expectations for it to per cent today to 45 per cent by 2040.
The rapid rise predicted for LNG is
remain a crucial component of the driving up related tanker traffic and the
development of port and regasification
energy mix over the coming decades facilities. Globally, the ETO predicts an

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