Exxon 2015 Annual Report Download - page 9

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Highlight: Expanding Natural Gas Production
Natural gas has long been a staple of global energy supply. Today, it is rising to a new level of prominence on the world 
energy stage as a result of its relatively low carbon content and an abundance of unconventional production. Natural gas is 
popular as a fuel for power generation as well as a variety of other uses such as petrochemicals, home heating and cooking,
and heavy-duty commercial transportation. Through 2040, we expect natural gas supply to meet 40 percent of the growth
in global energy demand, more than any other energy type. In addition, natural gas is projected to surpass coal as the 
world’s second largest energy source around 2025.
Global trade also supports the rise of natural gas. The last decade has seen significant growth in liquefied natural gas (LNG) 
demand as well as investments in LNG import and export capacity. With LNG demand expected to triple by 2040, the world 
will need further LNG facility additions, expansions of market capabilities, and free trade. In the decades ahead, North 
America and the Russia/Caspian region are expected to see the greatest increases in natural gas pipeline and LNG exports, 
as their abundant natural gas resources help fuel anticipated economic development in Asia Pacific.
PHOTO: Demand for LNG in Asia Pacific is expected to rise considerably through 2040, driven by an expanding middle class 
and growing population.
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