Gas will become a key energy source in 17 years

The global share of fossil fuel will be a half lower by 2050, and before 2034, gas is expected to become the key energy carrier.

The global share of fossil fuel will be a half lower by 2050, and before 2034, gas is expected to become the key energy carrier. As informed by Sergey Donskoy, Russian Minister of Natural Resources, alongside the global increase in energy source diversity, the share of mineral fuel will register a 30% reduction by 2050.
The Minister also added that oil and gas will account for 44% of global shipments (to compare to the present-day 53%).
All mentioned above results in the necessity of developing new oil and gas production centres across the country.
It should be noted that, by the Minister’s estimates, the present reserve replacement situation is quite favourable. As a reminder, last year recorded the gain in oil reserves as of 575 m t, while gas reserves built up by 702 bcma.

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