Number of the week


40%: China’s share of the growth in global gas demand in the next 5 years.

According to the IEA, global gas demand is expected to increase 1.6%/year for the next 5 years.  Consumption by 2022 will reach almost 4 trillion cubic metres  tcm), up from 3.63 tcm in 2016. China will account for 40% of the growth. Globally, the industrial sector will emerge as the main engine of consumption growth, IEA said.

Source: International Energy Agency, Market Report Series: Gas 2017.

Further information at Oil & Gas Journal: “IEA: US supply, industrial demand transforming global gas market”


Check Also
Back to top button