Friday, 14 July 2017 07:24

IEA sees global gas demand rise to 4 Tcm by 2022, driven by industry

Shale fracking in the US will supply 40% of the world’s extra gas production by 2022 Shale fracking in the US will supply 40% of the world’s extra gas production by 2022

Demand from the industrial sector becomes the main engine of gas consumption growth, replacing power generation, where gas is being squeezed by growing renewables and competition from coal, the International Energy Agency (IEA) says in its latest five-year forecast Gas 2017. Global gas demand is forecast to rise from 3,630 bcm today to nearly 4,000 billion cubic meters (bcm) by 2022.

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