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IEA Report: Global Gas Demand is Growing, but Spurs Global Warming

IEA Report: Global Gas Demand is Growing, but Spurs Global Warming


Industry Segment: Production | Word Count: 753 Words
Attachment: Changes in demand by driver, Gas Demand by Region, GDP + Gas prices, Global demand growth, Global gas demand -- WEO 2050

SUGAR LAND--July 7, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global natural gas use in 2021 is expected to return to pre-pandemic levels, and modest increases are forecast for the 2022-2024 period, according to a new report from the International Energy Agency (IEA) (Paris, France). Many sectors of the economy, including gas production, would welcome this rebound. But increased gas use is worrisome to the IEA because it contributes to global warming, so the agency recommends redoubling efforts to find substitutes, increase efficiencies and enact policy measures to guide future investment.

Within this article: Details on where natural gas is headed in the post-pandemic global economy, and how the emerging renewable resources could affect the outcome.

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