Exxon Sees 20% Gas Demand Growth By 2050, U.S. Nearing Records In 2025
By Charles Kennedy of OilPrice.com
Exxon projects global natural gas demand will rise more than 20% by 2050 from 2024 levels, driven by coal displacement in industry and growing electricity use in emerging markets, according to a Reuters report.
The outlook underpins Exxon’s long-term strategy, including an 18% production increase over five years. Oil demand is expected to plateau after 2030 but remain above 100 million barrels per day through 2050, while oil and gas together hold around 55% of the global energy mix, the report said. The company frames gas as a key transition fuel for industrial heat and dispatchable power where coal remains entrenched.
In the near term, U.S. consumption is on course for new highs. Domestic gas demand is set to reach record levels in 2025, supported by power generation and expanding LNG exports from the Gulf Coast. Added liquefaction capacity and peak summer electricity needs are cited as the main drivers, with commercial start-ups at new terminals reinforcing structural demand for Henry Hub-linked supply.
Exxon’s projections highlight industrial demand as a pillar for gas, with the fuel helping to displace coal in energy-intensive processes and grid balancing. The company also sees gasoline consumption falling about 25% by 2050 as electric-vehicle adoption accelerates, while demand for distillates such as diesel and jet fuel remains comparatively resilient, reflecting aviation and heavy-duty transport needs, the Reuters report said.
Regional variation remains significant in the outlook. Emerging Asia drives most incremental gas use, while OECD power systems integrate more renewables alongside flexible gas-fired generation. Exxon’s modeling assumes continued efficiency gains and methane-abatement progress, with supply growth concentrated in North America, the Middle East, and select LNG basins.
Exxon estimates energy-related CO2 emissions at roughly 27 billion metric tons by 2050, which represents a ~25% decline from current emissions, though this is still above levels aligned with UN goals. These figures and sectoral shifts are detailed in the company’s global outlook.
Tyler Durden Fri, 08/29/2025 – 11:00
Source: https://freedombunker.com/2025/08/29/exxon-sees-20-gas-demand-growth-by-2050-u-s-nearing-records-in-2025/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,725,427,098 |
| Stories: | 8,490,200 |
Whistler Blowers, Insiders
