CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of McKinsey & Company is strictly prohibited,Summary report February 2021,Global gas outlook to 2050,Executive summary,2020 was an unprecedented year for gas and liquefied-natural-gas (LNG) markets. Gas demand declined by 3 percent. LNG demand was more resilient and managed to grow 1 percent. However, the year saw high levels of LNG market volatility with both extreme oversupply and extreme tightness during the cou
