Name: Accelerated energy transition 2-degree scenario (2019): what happens to the gas industry?
Brand: Wood Mackenzie
SKU: 133529
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Author: Wood Mackenzie

Insight 17 November 2020

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The industry is still recovering from the coronavirus pandemic and commodity price crash. But throughout the crises, decarbonisation has remained high on the industry’s agenda, and key players continue to commit to their energy transition targets. Wood Mackenzie has developed an Accelerated Energy Transition Scenario - 2 (AET-2), which considers how the world can limit global warming under 2 ˚C by 2050. We have utilised our new Global Gas Model Next Generation to understand the impact of the AET-2 scenario on global gas supply and prices, supply mixes in key regions as well as the global LNG outlook.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle font-semibold">
        Gas demand is resilient, but the risks grow
    </li>

<li class="list__item-toggle font-semibold">
        Despite pressure on gas demand, Asia still needs LNG
    </li>

<li class="list__item-toggle">
        <a href="#7fc85680-01e1-41ad-9695-82d42687f776" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="7fc85680-01e1-41ad-9695-82d42687f776" aria-expanded="false">
            European import dependency will persist
        </a>
        <ul id="7fc85680-01e1-41ad-9695-82d42687f776" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Russian piped flows to Europe – how much of the market will Russia take?
    </li>

</ul>
    </li>

<li class="list__item-toggle font-semibold">
        US – energy transition impacts cost curve of gas
    </li>

<li class="list__item-toggle font-semibold">
        Are new LNG projects still needed?
    </li>

<li class="list__item-toggle font-semibold">
        Price implications
    </li>

<li class="list__item-toggle font-semibold">
        What this means for global gas supply
    </li>

<li class="list__item-toggle font-semibold">
        Bumpy road ahead
    </li>

<li class="list__item-toggle font-semibold">
        Appendix
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Global carbon emissions</li><li class="list__item push-quarter--bottom">CAGR by fuels</li><li class="list__item push-quarter--bottom">Global gas demand by scenario</li>
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        <ul class="list list--bullets panel-toggle" id="810ac61a7d0a417d85888bf1c28166b2">
            <li class="list__item push-quarter--bottom">Gas demand change 2019-40 – comparison of scenarios</li><li class="list__item push-quarter--bottom">2040 Asian gas balance – AET-2 vs base case</li><li class="list__item push-quarter--bottom">LNG supply/demand balance</li><li class="list__item push-quarter--bottom">Top LNG exporters</li><li class="list__item push-quarter--bottom">DES costs to Japan of selected LNG projects*</li><li class="list__item push-quarter--bottom">Price outlook</li><li class="list__item push-quarter--bottom">Changes to global supply by status in 2040</li><li class="list__item push-quarter--bottom">Stranded gas (discovered), bcm@40MJ/m3*</li><li class="list__item push-quarter--bottom">Europe supply mix</li>
        </ul>
        
    </div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Accelerated energy transition 2-degree scenario (2019): what happens to the gas industry?</p>
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