There is a wide range of opinions on the trajectory of the long-term development of the energy markets. On the one hand, the forecasts of peak demand for oil over the next decade are justified by the expectation of the rapid spread of electric vehicles, the growth in the substitution of oil consumption with that of natural gas, and environmental restrictions on the growth of the petrochemical market. Supporters of this view believe that the share of coal in the global energy balance will be structurally reduced, and even the growth in natural gas consumption will be limited by the growth of renewable energy generation. On the other hand, concerns about a potential shortage of oil are due to a sharp decline in investment in traditional oil production projects amid a slowdown in the growth of shale oil production. At the same time, demographic factors in developing countries are leading to an increase in the global demand for energy. The Global Energy Industry Development Outlook to 2040 S&P Global Platts session will consider the key fundamental, legislative, and technological prerequisites for such forecasts, and will present the most likely scenario for the long-term development of the global energy market according to S&P Global Platts Analytics.