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.