Global Markets

Outlook bright for gas, bleaker for oil – DNV GL

A new energy outlook by Norway’s DNV GL is bullish on future gas demand growth, but the report looks relatively cautious next to other industry forecasts A new energy outlook by Norway’s DNV GL is bullish on future gas demand growth, but the report looks relatively cautious next to other industry forecasts.
By Andreas Walstad 5 September 2017 0 27451
Funnels of an LNG-fuelled ship The DNV report predicts an increase in LNG-fuelled shipping. (Kimm Saatvedt, Palookaville)

A new report by Norway-based DNV GL is optimistic about future growth in global gas demand, even if its outlook is more cautious than some other forecasters. 

DNV’s Energy Transition Outlook – which was released in tranches this week – backed the consensus argument that global gas demand would continue to grow despite a flat outlook for demand in Europe. Much of the growth in global demand over the next 15 years will come from the power sector, it said. 

“World gas demand has doubled in...