Demand of Natural Gas
Demand for natural has been increasing over the few past decades. Total consumption of natural gas increased by more than 25% from 2005 to 2015, compared with 12% for oil and 22% for coal. This is the case even as the demand in the European Union has fell. By 2030 overall LNG demand will more than triple from where it is today and the regional distribution will significantly change. This is driven because of the abundance of LNG, its efficiency as a fuel for power generation and automotive. The conclusion is that no fossil fuel is expected grow larger than natural gas in the form of Liquefied Natural Gas. More investment in Liquefied Natural Gas production would mean a pivot towards a world gas market, or more linkage of regional ones.