Supply & Demand

World gas demand to increase 46% by 2040 – GECF

Global gas demand will increase by 46% by 2040 to reach 5.43 tcm, the GECF has said
By Staff reporter 10 December 2018 0 33623

Global gas demand will increase by 46% between 2017 and 2040, to reach 5.43 trillion cubic metres, the Gas Exporting Countries Forum (GECF) said in its Global Gas Outlook 2040 report, released on Friday.

The GECF projects the share of gas in the global energy mix will increase from 20% now to 26% by 2040, while the global gas trade will grow in size by 38.6%, to reach 1.61 tcm in volume by 2040.

The prediction is roughly the same as the 5.40 tcm...