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Natural Gas Demand in the Three Scenarios


Natural Gas Demand in the Three Scenarios
Surge Scenario Natural gas demand is robust in the medium term, reaching 4,500 billion cubic meters (bcm) per year by the mid-2030s. Driven by demand in power, industry, and chemicals, particularly in Asia, Africa, and India. OECD gas demand declines after 2030. Gas plays a transition role in Asia until around 2045, after which renewables and nuclear power dominate. A steep decline after 2045, with demand falling by half from its peak within 20 years?.
Archipelagos Scenario Relatively flat gas demand through to 2040 as countries focus on domestic resources like coal and biomass. Energy transition is slower, and gas demand declines the least among the three scenarios. Gas demand still at 2,000 bcm per year in 2080, indicating a prolonged but stable consumption pattern?.
#NaturalGas #Indianpetroplus

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Last Update : Feb 18, 2025 6:11 AM
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Item  Owner  : Indianpetroplus
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