After growing by more than 2 per cent in 2019, global gas use is set to fall by around 4 per cent in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies.
The Global Gas Report 2020, published by the International Gas Union (IGU), research company BloombergNEF (BNEF) and Snam, the Italian-headquartered international gas infrastructure company, reviews key global gas industry developments over the last year, provides a high-level outlook for future gas market developments and examines the potential of hydrogen as a clean fuel to help meet climate goals.
The resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal.
The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. A particular growth opportunity exists in liquefied natural gas. LNG imports reached 482 billion cubic metres in 2019, up 13 per cent from 2018.
Read the full report here.