French supermajor presents two scenarios for global energy and oil demand to 2050. According to TotalEnergies’ Momentum scenario, natural gas will be key to the energy transition, while oil consumption will start decreasing after 2030. TotalEnergies has made major investments in LNG and renewables and aims to be among the world’s top five producers of renewable energy. Global oil demand will plateau before the end of this decade and decline strongly after 2030, TotalEnergies said in its Energy Outlook 2021 unveiled on Monday. Previously, TotalEnergies had expected peak oil demand at some point around 2030, with a slow decline after that. The French supermajor presented two scenarios for global energy and oil demand to 2050—Momentum, a forward-looking scenario, and Rupture, a scenario in which the world could reach well-below 2 degrees Celsius global warming compared to pre-industrial levels. The Momentum scenario includes the acceleration of current market trends and […]