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Old 08-12-2016, 01:25 PM
Sparty Sparty is offline
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Default LNG demand 2015 - 2030 by country -500% increase in demand

Consumption of natural gas worldwide is projected to increase from 120 trillion cubic feet (Tcf) in 2012 to 203 Tcf in 2040 in the International Energy Outlook 2016 (IEO2016) Reference case. By energy source, natural gas accounts for the largest increase in world primary energy consumption. Abundant natural gas resources and robust production contribute to the strong competitive position of natural gas among other resources. Natural gas remains a key fuel in the electric power sector and in the industrial sector. In the power sector, natural gas is an attractive choice for new generating plants because of its fuel efficiency. Natural gas also burns cleaner than coal or petroleum products, and as more governments begin implementing national or regional plans to reduce carbon dioxide (CO2) emissions, they may encourage the use of natural gas to displace more carbon-intensive coal and liquid fuels.

World consumption of natural gas for industrial uses increases by an average of 1.7%/year, and natural gas consumption in the electric power sector increases by 2.2%/year, from 2012 to 2040 in the IEO2016 Reference case. The industrial and electric power sectors together account for 73% of the total increase in world natural gas consumption, and they account for about 74% of total natural gas consumption through 2040. https://www.eia.gov/outlooks/ieo/nat_gas.cfm

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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