Energy Demand Soars: The Age of Gas Accelerates

Global energy demand has entered a new era of hyper-scaling, driven by unprecedented needs from artificial intelligence and data centers, according to leaders in the energy sector. For two decades, demand was static, creating an illusion of controlled transition. However, executives from major energy companies now assert that the 'age of gas' is accelerating, with global LNG demand expected to surge from 400 million tonnes annually to 600 million by 2030 and approach 800 million by 2050.

This shift is underpinned by substantial investments in LNG infrastructure worldwide, including expansions in Qatar and new facilities in North America, Africa, and South America. The narrative has evolved from energy substitution to 'energy addition,' recognizing that nearly a billion people lack basic electricity and require energy for prosperity. The Russia-Ukraine war highlighted gas's role in providing flexibility and security, reshaping global energy flows.