Commodity Market Report
Global gas markets report: Global Demand
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
As we extend our long term forecast to 2050, our view highlights the crucial role of natural gas in the future energy mix. We anticipate global gas demand to grow at an average rate of 1.2% through 2040 mainly supported by growth in Asia as coal to gas switching helps reduce carbon and pollution. However, gas demand peaks in 2040 and declines in the last ten years of our forecast driven by increased decarbonization efforts globally.' Key upside and downside risks to our forecast include: • Pace of economic recovery and gas demand rebound in the near term; • Pace of coal retirement globally; • Pace of Infrastructure development to unlock demand in emerging markets; • Pace of energy transition and routes towards decarbonisation and net zero especially given recent pledges from major LNG importing countries such as China, South Korea, and Japan.
Table of contents
- Gas’ role in the global energy mix
- Gas demand: key risks remain to both the upside and downside in the energy transition
- LNG demand
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Asia
- China
- Northeast Asia (Japan, South Korea, Taiwan)
- South Asia (India, Pakistan, Bangladesh) and Southeast Asia
- What to watch
- Short term
- Long term
-
Europe
- What to watch
- Short term
- Long term
-
North America
- What to watch
- Short term
- Long term
-
Latin America and the Caribbean
- What to watch
- Short term
- Long term
-
Middle East, Africa, Russia and the Caspian
- Middle East
- Africa
- Russia and the Caspian
- What to watch
- Short term
- Long term
- Industry
- Power
- Residential & Commercial
- Transport
- 8 more item(s)...
Tables and charts
This report includes the following images and tables:
- WM base case - gas' share of TPED
- WM base case – global gas demand and LNG imports
- Europe gas demand vs previous outlook
- Europe demand by sector
- Europe demand by sub-region
- North America gas demand versus previous outlook
- North America demand by sector
- North America demand by sub-region
- Latin America and the Caribbean gas demand versus previous outlook
- 16 more item(s)...
What's included
This report contains:
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