Gas demand growth rests on power sector role

Cedigaz expects gas demand to grow by 1.6% per year to 2035, with most of this demand emerging in Asia and being increasingly met by LNG Cedigaz expects gas demand to grow by 1.6% per year to 2035, with most of this demand emerging in Asia and being increasingly met by LNG.
By The Wildcat 18 July 2017 0 26801
An LNG-fired power plant in China. (CNOOC)

The International Energy Agency (IEA) and Cedigaz both seem optimistic about global gas demand. In separate reports published last week, the IEA said it expects demand to grow by 1.6% until 2022 while Cedigaz forecast the same amount of growth until 2035.

Both reports predict the biggest share of demand growth will come from emerging economies in Asia but warn gas could struggle to compete in the power sector in these countries, making it difficult to justify spending on LNG imports.

The growth in Asia’s gas demand...

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