Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08 LNG


As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.

China will make up 40% of the global surge, with renewables and coal expanding their share as power generators, and US will account for another 40% of the extra gas production by 2022 as a result of the growth of domestic shale.

The organization affirms the continuous surge of the consumption of gas will be steered by US supplies encouraging growing demand in developing countries, as well as the industry exceeding the power sector for the first time as leading cause of demand growth.

Higher use in the industrial sector will lead to the flourishing of the US domestic gas demand, with more than 50% of the production used for the export of liquefied natural gas (LNG).

UK-Canada instituted an alliance to end up high coal use

17/11/2017 16:06:00

Great Britain and Canada have launched a global coalition to put an end to the high exploitation of coal.


Russia and Philippines will cooperate in nuclear field

17/11/2017 15:43:00

Russia will support Philippines in designing national policies in the nuclear energy field according to a memorandum of cooperation (MoC) inked on 13 November. The collaboration will consist of feasibility studies on the building of small modular reactors.


IEA: Global energy needs to be met by renewables and natural gas in the next 25 years

17/11/2017 15:30:00

According to the World Energy Outlook 2017, the abundant growth in oil and gas production from the United States, strong reductions in the cost of renewables and emerging electrification are changing the global power system and ending traditional ways of meeting demand. Meanwhile, a greener and more diversified energy mix in China is another important driver of this transformation.