A recent survey from DNV GL suggests that nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s.
The vast majority (86%) of the 813 senior industry professionals surveyed agree that gas will play an increasingly important role in the global energy mix over the next decade, up from 77% last year.
The findings appear in Transition in Motion, a special report from DNV GL’s research on the outlook for the oil and gas industry in 2018. It reveals the primary driver for investment in natural gas and LNG projects this year is the global energy transition.
