Global gas markets long-term outlook - Global supply - H2 2016
We forecast global gas supply to grow from 3.3 tcm in 2015 to 4.7 tcm by 2035 with Africa and Oceania showing the fastest growth. Long term, more expensive sources of supply will be required to meet rising global demand. The increase in cost between established producing projects and new sources of supply demonstrates the increased technical complexity of these developments and greater remoteness. Some of these projects appear at the high end of the global cost curve and with gas prices expected to remain low in the mid-term, this could risk delays or cancellations.