CALGARY, Alberta (Nov. 13, 2024) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its updated natural gas outlook through 2035. The report provides comprehensive insights into the global natural gas supply and demand forecasts, examines the impact of renewable adoption trends on gas demand, and explores the implications for LNG markets.
“EIR expects short-term headwinds for natural gas pricing but long-term tailwinds for the commodity,” said Al Salazar, a director at EIR and lead author of the new report.
“We see natural gas supply risk as skewed toward underperformance and demand skewed toward outperformance. Our updated view is informed by our Global Scout network and our more granular approach to renewable adoption.”
Key takeaways from the report:
- EIR’s updated supply view suggests a lack of future proposed projects to feed the global demand for natural gas.
- EIR foresees Qatar and Saudi Arabia driving gas production by 2028 to feed incremental demand as U.S. production flattens.
- The LNG market is forecast to be oversupplied 2025-27 and short gas 2028-30, driven by EIR’s refined global supply view.
EIR’s analysis pulls from a variety of Enverus products including Enverus Intelligence® Research.
You must be an Enverus Intelligence® subscriber to access this report.
About Enverus Intelligence® Research:
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
