Natural gas consumption is expected to rise significantly to cut GHG emissions

Saturday, 17 October 2009

The International Gas Union (IGU), whose members account for about 95% of global natural gas output, saying gas production will need to increase 70% for the world to reduce GHG emissions at the scale need to avoid catastrophic climate change, says Reuters.

The right policies would make gas 28% of the global fuel mix by 2030, up from 21% today. The IGU forecasts that continuation of current policy trends would lead to 4.3 trillion cubic meters (Tcm) of annual gas demand by 2030, increasing to 4.8 Tcm with a global climate agreement and high CO2 price – this compares with 3 Tcm of annual demand today.

According to IGU’s president, the biggest challenges facing increased use of gas are geopolitical, requiring international agreements and solutions.

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