Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08 LNG

news

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).

Turkey's National Energy Efficiency Plan welcomed by EBRD

12/01/2018 16:10:00

The European Bank for Reconstruction and Development (ERD) salutes Turkey's National Energy Efficiency Action Plan (NEEAP). It has as a target to reduce 14 percent of primary energy consumption by 2023 and invest almost $11 billion in energy efficiency measures.

<READ MORE

Siemens Gamesa will deliver turbines for 500MW offshore wind project

12/01/2018 11:35:00

Siemens Gamesa plans to offer its latest 8MW turbines to a French offshore wind project.

READ MORE

Russia reached record nuclear power production in 2017

12/01/2018 11:05:00

Russia hit an electricity generation record in 2017. According to the state atomic energy corporation Rosatom, the nation produced 6.5 billion kilowatt-hours (kWh) more power from nuclear power plants(NPP).

READ MORE