Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week.

https://www.naturalgasintel.com/no-more-oil-natural-gas-fields-needed-on-road-to-net-zero-iea-says/

The world’s oil and gas needs in a net zero world can be met by projects greenlit as of 2021, the global energy watchdog concluded in a report titled, Net Zero by 2050: A Roadmap for the Global Energy Sector.

The report sets out more than 400 milestones to guide emissions to net zero by 2050 and keep the human-induced global temperature rise under 1.5 degrees C.

The scenario sees natural gas traded as LNG  falling by 60% between 2020 and 2050, with trade by pipeline falling by  65%. 

“During  the ...