Natural gas use is projected to increase worldwide by more than 20% in 2050, even as solar and wind resources rise sharply, according to ExxonMobil.

In the Global Outlook to 2050 published on Monday, the Houston-based integrated major said global gas consumption would continue to climb, “given its utility as a reliable and lower-emissions source of fuel for electricity generation, hydrogen production, and heating for both industrial processes and buildings.”

ExxonMobil’s outlook of energy demand and supply to 2050 “forms the basis for our business planning and is underpinned by a deep understanding of long-term market fundamentals,” researchers said.

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