By 2035, global LNG demand will grown by 1.6%

By 2035, global LNG demand will grown by 1.6%

Editorial Staff
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According to a Cedigaz Outlook, despite the high increase in renewable energy, developing countries will still drag fossil fuels consumption, although oil and coal will see a decline

By 2035 global demand for Liquified Natural gas (LNG) will grow by 1.6%. The data comes from the international natural gas association (Cedigaz) which highlights that that the real cause behind this increase are the emerging markets. In the Medium and Long-Term Natural Gas Outlook 2016, Cedigaz illustrates that despite growth of renewable energy, the gas market remains in state of strong expansion. However, according to the institute, it is now more than ever important for global leader countries to put in place legislation to bring about the switch from coal to gas. "Looking forward to 2035," stated Cedigaz, "the total primary energy consumption is forecast to grow at a moderate rate of 1%/year in a context of increased energy efficiency. In this context, gas stands as the fastest-growing fossil fuel over 2014-35 (+1.6%/year). In contrast, the growth of oil and coal is expected to slow sharply, with respective annual rates of 0.2% and 0.1%." Gas will therefore also increase its relative share in the global primary energy supply to 23.9% in 2035 from 21.4% in 2013.