Friday, 4 January 2019

Global gas demand to peak in mid-2030s, driven down by renewables

Gas-burn in the electric power sector is forecast to peak around 2035 and start declining from 2040, by when wind and solar are set to become the dominant energy sources. Data by the classification society DNV GL shows that gas demand in Europe already peaked in 2010, and will do so in North America by 2020, whereas in South-East Asia and China it will only peak in the mid-2030s.

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