Falling oil prices may be at the top of the list, but oil and gas companies can expect myriad challenges over the next five to fifteen years.

A recent report from PricewaterhouseCoopers predicts four future scenarios: First, The oil and gas industry will continue to enjoy limited government intervention; demand for cleaner energy will increase and lead to a shift to low carbon fuel; governments will demand increased energy efficiency and cause supply limitations by implementing carbon legislation or withholding licenses.

Energy and Infrastructure practice leader Robert James believes the industry’s challenges stretch beyond low oil prices.

“The volatility in present and future prices frustrates the planning of the long-term giga-projects and the commitments to fund them,” he told Financier Worldwide. “This difficulty is compounded in the case of project-on-project risk, where a production project is dependent on developments in transport or a destination market,” he said.

Insolvency & Restructuring partner Christopher Mirick believes gas prices will remain low over the next year.

“I’ve seen forecasts for a rebound of sorts in oil and gas in 2016, but nothing close to $100 a barrel. If the industry is hanging out between $25 and $50 per barrel, and similarly depressed on the gas side, the year is going to be focused on cutting costs,” he said.

Read more about the state of the oil and gas industry on Financier Worldwide.