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
 
 
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