DISCLAIMER The data, forecasts, analysis, and/or any information contained within this Outlook are for informationpurposes only and are provided on a non-reliance basis. The forecasts have been quantified andprepared on a best-effort basis through the use of the GECF Global Gas Model (GGM) reference caseand alternative scenarios and any obligation and responsibility are hereby disclaimed with respect tosuch content which no warranty or guarantee is provided. Neither the GECF, any of the GECF Membersand Observer Countries, nor any of their agents or employees (the ‘Parties’), while fully reserving theirrights with respect thereto, shall assume any liability or responsibility for the content of the Outlookor the eventual use of these forecasts, analysis or the results of any reliance on or actions taken onthe basis of information contained in this report and any data, analysis, or any other informationincorporated therein. None of the Parties, including any individual involved in the preparation of the report, provides anywarranty, express or implied, or assumes any liability or responsibility as to the accuracy, adequacy,completeness, or reasonableness of any material, information or analysis contained in this report orrepresents in any way that its use would not infringe any rights owned by a Party or any third party. TheParties are not liable for any errors in, or omissions from, such information and materials. This report is not intended as a substitute for your own independent judgment or professional advicefor your business, investment, finance, or other commercial or non-commercial activity. Subject to theabove reservation, the analysis, information and views presented in this report are those of the GECFSecretariat and do not necessarily reflect the views of GECF Members and Observer Countries. Except where otherwise stated, the copyright and all other intellectual property rights in the contentsof this report (including, but not limited to, designs, texts, and layout) shall be the property of GECF.As such, they may not be reproduced, transmitted, or altered, in any way whatsoever, without theexpress prior written permission of the GECF. Where the report contains references to materials fromthird parties, the GECF Secretariat shall not be responsible for any unauthorized use of third-partymaterials and/or the consequences of such use. Report Citation: Gas Exporting Countries Forum. GECF Global Gas Outlook 2050 Synopsis. February 2021. ABOUT The Gas Exporting Countries Forum (GECF or Forum) is an intergovernmental organisation establishedin May 2001 in Tehran, Islamic Republic of Iran. The GECF Statute was signed in 2008 in Moscow, Russia.The GECF became a fully-fledged organisation in 2008 with its permanent Secretariat based in Doha,Qatar. As of December 2020, the GECF comprises eleven Members and nine Observer Members (hereafterreferred to as the GECF Countries). The Member Countries of the Forum are Algeria, Bolivia, Egypt,Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, and Venezuela (hereafterreferred to as Members). Angola, Azerbaijan, Iraq, Kazakhstan, Malaysia, Norway, Oman, Peru and theUnited Arab Emirates have the status of Observer Members (hereafter referred to as Observers). The GECF is a gathering of the world’s leading gas producers, whose objective is to increase the levelof coordination and to strengthen the collaboration among Member Countries. The Forum providesa framework for the exchange of views, experiences, information and data, and cooperation andcollaboration amongst its Members in gas-related matters. In accordance with the GECF Statute, the organisation aims to support the sovereign rights of itsMember Countries over their natural gas resources and their abilities to develop, preserve and use suchresources for the benefit of their peoples, through the exchange of experience, views, information andcoordination in gas-related matters. In accordance with the GECF Long-Term Strategy, adopted during the 18th GECF Ministerial Meeting, thepriority objectives of the GECF are as follows: •To maximize gas value, namely to pursue opportunities that support the sustainable maximisationof the added value of gas for Member Countries.•To develop the GECF view on gas market developments through short-, medium- and long-termmarket analysis and forecasting.•To promote cooperation, namely to develop effective ways and means of cooperation amongstGECF Member Countries in various areas of common interests.•To promote natural gas, namely to contribute to meeting future world energy needs, to ensuresustainable global development, and to respond to environmental concerns, particularly regardingclimate change.•To reinforce the international positioning of the GECF as a globally recognized intergovernmentalorganization, which is a reference institution for gas market expertise and a benchmark for thepositions of gas exporting countries. The GECF Global Gas Ou