IEA says global gas demand to rise 1.6% annually in next 5 years - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

IEA says global gas demand to rise 1.6% annually in next 5 years

MOSCOW, Jun 26 (PRIME) -- Global demand for gas will rise by around 1.6% annually over the next five years due to strong demand growth from China, and greater industrial demand, the International Energy Agency (IEA) said in a research note on Tuesday.

УGlobal gas demand will grow at an average rate of 1.6% a year, reaching just over 4,100 billion cubic meters in 2023, up from 3,740 billion cubic meters in 2017,Ф IEA quoted Executive Director Fatih Birol as saying.

УIn the next five years, global gas markets are being reshaped by three major structural shiftsЕ China is set to become the worldТs largest gas importer within two-to-three years, U.S. production and exports will rise dramatically strongly and industry is replacing power generation as the leading growth sector.

While gas has a bright future, the industry faces tough challenges. These include the need for gas prices to remain affordable relative to other fuels in emerging markets and for industry to curb methane leaks along the value chain.Ф

End

26.06.2018 13:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov