Natural gas investment set to rise despite upstream spending cuts

Jack Burke Senior Editor, Compressor Tech2

January 08, 2026

Wood Mackenzie sees LNG pull, shale gas revival and dealmaking driving global gas outlook

Global upstream capital spending is expected to remain under pressure in 2026, but natural gas is emerging as a relative bright spot as operators increasingly prioritize gas-weighted investments tied to LNG exports, power generation and industrial demand.

In its outlook, Global upstream: 5 things to look for in 2026…

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