Exxon Mobil has stated in its annual outlook that global demand for natural gas is projected to rise by more than 20% by 2050 from last year's levels. This forecast positions natural gas as a crucial energy source for decades to come.
The company anticipates that natural gas will increasingly displace coal to power industries and meet higher electricity use in developing countries. This outlook underpins ExxonMobil's significant investments in natural gas exploration, production, and LNG projects.
This long-term market perspective is a key component of ExxonMobil's integrated energy strategy. It highlights the company's confidence in the enduring role of natural gas in meeting global energy needs while supporting emissions reduction goals.
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