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 74.2963 -0.3853 22 feb
USD 65.5401 -0.3167 22 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1194.73 +0.52 12:12 22 feb
micex 2484.82 +0.59 12:12 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.49 +0.64 11:57 22 feb
lkoh 5486.00 +0.71 11:57 22 feb
rosn 398.90 +0.62 11:57 22 feb
sber 205.20 +0.88 11:57 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.3150 +0.0575 11:53 22 feb
USDTD 65.5175 +0.0525 11:53 22 feb