Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF)

The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in which natural gas emerges as the world’s primary fossil fuel in the 21st century on a combination of affordability, abundance and lower carbon intensity.

Natural gas demand is set to grow 50% to reach 5,920 bcm in 2050, with consumption of the fuel expected to expand in particular in the Asia Pacific, North American and Middle Eastern markets. Asia Pacific will become the largest gas consumer by 2050, doubling its consumption to 1,660 bcm,...