BAKU, Azerbaijan, June 4. The 9th edition of the GECF Global Gas Outlook forecasts a significant rise in global natural gas production, projecting output to reach 5,317 billion cubic metres (bcm) by 2050, Trend reports.
This marks an increase of nearly 1,240 bcm, or 30%, compared to 2023 levels.
According to the report, the projected growth reflects rising global demand for natural gas, especially in developing countries and emerging technologies such as data centers and artificial intelligence. The expansion is also seen within the broader context of global efforts to reduce energy-related emissions while ensuring energy security.
Production increases are expected across most regions, driven by both domestic consumption and export opportunities. Europe is the only region forecast to experience a decline due to the depletion of domestic reserves and aging production infrastructure.
By 2050, North America, Eurasia, and the Middle East are projected to dominate the global supply, collectively accounting for over 70% of total production. North America is expected to retain its position as the world’s largest natural gas producer, reaching 1,382 bcm, though the region is anticipated to undergo a production growth slowdown following the peak of the shale revolution.
Eurasia is set to become the second-largest producer with output reaching 1,208 bcm, led by growth in Russia, Turkmenistan, and Azerbaijan. The region’s strategy includes diversifying export routes and boosting domestic use.
The Middle East is projected to become the third-largest producing region, with production rising to 1,155 bcm by 2050. This growth is attributed to vast natural reserves and increasing demand for liquefied natural gas (LNG) in global markets.
