Oil and gas will remain central to the global energy mix in 2030

Rystad Energy estimates that by that date, more than 75% of total demand will be covered by fossil fuels, with a consequent increase in emissions

Despite the acceleration of the energy transition, oil and gas will remain central to the global energy mix for the foreseeable future, as major sources of hydrocarbons continue to meet global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years.
Rystad Energy estimates that by 2030, more than 75% of total demand will be met by fossil fuels, with a consequent increase in emissions.
A significant part of these emissions will come from upstream activities, in particular hydrocarbon extraction and gas flaring.
Approximately three-quarters of these emissions will be related to the hydrocarbon extraction process, while the remaining quarter will come from gas flaring.
It is expected that in the coming years these emissions will account for about 1,100 million tons of carbon dioxide equivalent (CO2e) per year.

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