An analysis predicts that this year’s global gas demand will increase by more than 100 billion cubic meters, or 2.5 percent, primarily due to rapidly expanding Asian markets.
According to the International Energy Agency’s most recent report, by 2024, the Middle East and Africa’s combined gas needs will increase by 3% a year.
According to the analysis, global demand for gas rose by 3 percent in the first half of this year compared to the same period of the previous year.
This increased growth exceeded the historical 2 percent average expansion rate between 2010 and 2020.
Natural gas is a significant source of energy for power generation, industrial processes, and heating. It is widely considered a cleaner-burning fuel than coal or oil as the world continues its energy transition journey.
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