Outlook 2025: Bridging climate action and sustainable development with natural gas
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet
Energy poverty is one of the most pressing challenges globally, disproportionately affecting low-income regions where billions lack access to electricity and clean cooking fuels. As the global population is expected to increase by more than 1.7b by 2050—mainly in Africa and Asia—the demand for affordable and reliable energy will grow, despite energy efficiency improvements. For many, energy access is not just a utility, but a fundamental need tied to poverty alleviation, healthcare improvement and socioeconomic development. Investing in natural gas as part of a diverse energy mix can foster a more equitable world However, expanding energy access while limiting greenhouse gas emission
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Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
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The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
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The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
