Gas demand growth rests on power sector role

By The Wildcat 18 July 2017
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An LNG-fired power plant in China. (CNOOC) 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.

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