The Energy Republic February Edition 2022

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GECF Launches Global Gas Outlook 2050
The Gas Exporting Countries Forum
(GECF), the global platform of the
leading gas producing countries, has
officilly unveiled its annual GECF Global Gas
Outlook 2050 (Outlook), a comprehensive
report on the status of natural gas up to
2050.
In this sixth edition, the Outlook finds that
natural gas can become the fuel of choice in
satisfying the growing world energy needs,
addressing climate change and improving
air quality. It predicts the share of natural
gas in the energy mix will increase from
23% today to 27% by 2050.
In his overview of new-edition Outlook, HE
Eng. Mohamed Hamel, Secretary General
of the GECF, highlighted the continued
prominence of natural gas in various energy
outlooks and pathways.
HE Hamel said: “The GECF Global Gas
Outlook 2050 underscores that investment
in natural gas is critical for the stability of
global energy systems. It projects that by
2050, total upstream and midstream
investments will reach a hefty US$ 8.7
trillion.”
“Environmental policies are a key driver of
the projections contained in the Outlook. In
this context, whilst upholding that natural
gas is the cleanest of hydrocarbon fuels, the
Outlook explores the state of technologies
that will make it even cleaner.”
The GECF Global Gas Outlook 2050 is the
flagship publication of the association of 19
countries, who together represent 71% of
the world’s proven gas reserves, 43% of its
marketed production, 52% of pipeline, and
58% of LNG exports in the world.
The Outlook is based on a proprietary GECF
Global Gas Model.
The Gas Exporting Countries Forum (GECF)
is an international intergovernmental
organisation currently comprising of 19
Member Countries: Algeria, Bolivia, Egypt,
Equatorial Guinea, Iran, Libya, Nigeria,
Qatar, Russia, Trinidad and Tobago, and
Venezuela as Member Countries, and
Angola, Azerbaijan, Iraq, Malaysia,
Mozambique, Norway, Peru, and United
Arab Emirates as Observer Members.
Together, the GECF Members represent 71%
of the proven gas reserves, 43% of its
marketed production, 52% of pipeline, and
58% of LNG exports across the globe.
Established in 2008, the GECF pursues the
advancement of natural gas based on a
range of initiatives and deliverables, such as
Gas Research Institute, Global Gas Model,
Global Gas Outlook 2050, Annual Short-
Term Gas Market Report, Monthly Gas
Market Report, Special Envoys on Data and
Statistics, Data Exchange Mechanism, the
Short-, Medium-, and Long-Term Gas
Market Reviews, and Monthly, Quarterly,
and Annual Statistical Bulletins.
The GECF is headquartered in Doha, Qatar.
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