Gazprom CEO Projects Global Gas Consumption to Rise by 30% by 2050 After Record 2025
Quick Look
Gazprom CEO Alexey Miller announced global gas consumption reached a record 4.3 trillion cubic meters in 2025, projecting a 30% increase to 5.7 trillion by 2050, with the Global South driving demand.
AI-generated summary
Why It Matters
Gazprom CEO Alexey Miller presented global gas consumption data and projections during the company's annual shareholders meeting. The International Energy Agency had previously offered different projections for gas demand growth.
MOSCOW, June 26. /TASS/. Global gas consumption reached a record 4.3 trillion cubic meters in 2025 and could increase by another 30% by 2050, Gazprom Chief Executive Officer Alexey Miller said during the company’s annual shareholders meeting.
"Global gas consumption reached a new all-time high of 4.3 trillion cubic meters in 2025. By mid-century, this figure will rise by more than 30% to 5.7 trillion cubic meters. New centers of economic growth, which will require more energy, will play a dominant role in shaping demand. By 2050, around 70% of gas consumption will be concentrated in the countries of the Global South," he said.
The International Energy Agency previously estimated global gas demand growth at less than 1% for 2025. It also projected that the rate would accelerate to 2% in 2026, leading to a new consumption record.
What to Watch
AI outlook — possibilities, not facts
Global gas consumption will increase by more than 30% to 5.7 trillion cubic meters by 2050.
Likely · Within years
Open Questions
- What specific factors will drive demand in the Global South?
- How do IEA's long-term projections compare to Gazprom's?
- What are Gazprom's strategies to meet this projected demand?
