The global liquefied natural gas (LNG) trade is predicted to grow to 2050, lifted by emerging economies and the shift to lower carbon fuels, according to BP plc.

bp outlook

The integrated major’s latest annual forecast, Energy Outlook 2022, explores the uncertainties surrounding the energy transition to a carbon-free world using Accelerated, Net Zero and New Momentum scenarios.

BP’s chief economist Spencer Dale and his team explored the range of possible pathways for the global energy system to 2050, which helps to shape the strategy for the London-based major – and other firms.

Still, the latest report issued Monday has more uncertainty than previous forecasts because of Russia’s invasion of Ukraine, Dale said. Since the incursion, many Western nations have placed severe...