DNV GL 2017

23 August 2017
What is Energy Transition Outlook 2017?

An independent forecast of how the worlds energy mix will evolve towards 2050

Based on our own energy model, forecasting regional energy demand, supply and transport

Analyses published in a new suite of Energy Transition Outlook reports:

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World primary energy supply
 Europe North East Eurasia

North America China

Latin America Indian Subcontinent

Sub-Saharan Africa South East Asia

Middle East and North Africa OECD Pacific

2017 2050 2017 2050

non fossil
fossil
World final energy demand by sector
World primary energy supply by source

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Cost control

Innovation across With a tradition of technological

The oil and gas
the energy industry achievements, and the advantage of
industry must
has led to cost existing infrastructure and value
continue with
saving and chains, the industry can continue to
strict cost controls
efficiency gains contribute to energy security and shape
to stay relevant
our energy future

Digitalization, standardization and remote We expect the industry to turn to

or autonomous operations will be key for innovations in facility design, operating
long-term cost savings and carbon footprint models and contracting strategies.
reduction

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UPSTREAM

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Oil production

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Gas production

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Summary

Energy decouples Oil and gas account for TWOFOLD increase Energy demand will
from CARBON, 44% of world energy in global ENERGY PLATEAU after
POPULATION and supply by 2050 EFFICIENCY 2030
ECONOMIC
GROWTH

GAS becomes Demand for oil INVESTMENT is The oil and gas
the LARGEST single REMAINS FLAT and needed to add new sector must take new
energy source with PEAKS in 2022 capacity and operate approaches to
peak demand by 2035 existing assets safely COST CONTROL
and sustainably to stay relevant

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www.dnvgl.com

SAFER, SMARTER, GREENER

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