Global natural gas demand is expected to rise 1.4%/year between 2016 and 2040, with China leading the growth, according to a recent medium and long-term outlook for 2018 from Cedigaz, the International Association of Natural Gas, Paris.
In Cedigaz’s reference scenario, which incorporates national energy plans and intended nationally determined contributions (INDC) commitments, gas will play a growing role in the energy mix at the expense of other fossil fuels. The expansion of gas markets is supported by both abundant and competitive resources, both conventional and unconventional, as well as a very rapid growth of spot and flexible LNG trade.
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