Global gas: Global supply

Global gas production will increase by 270 bcm between 2022 and 2050, 155 bcm less than in our previous outlook. The invasion of Ukraine has had a significant impact on our global gas supply outlook, as it pushes Europe to diversify away from Russian gas and decrease overall gas demand. This presents a golden opportunity for alternative gas sources to fill the void. US LNG projects will be best placed to seize the opportunity and will continue to be the largest LNG exporter throughout the rest of the outlook. The growth of global gas exports will be driven by LNG developments as the gas market becomes increasingly interconnected and less regionalised.