> Sign in
 
E-JOURNAL RESEARCH NETWORK PAPER DATABASE NEWS

Sapienza - Università di Roma
Università Politecnica delle Marche
NEWS
20 october 2016
22 august 2016
22 july 2016
19 april 2016
09 february 2016
16 december 2015
03 july 2015
25 february 2015
09 february 2015
13 november 2014
13 november 2014
08 october 2014
19 september 2014
22 january 2014
27 august 2013
27 august 2013
19 july 2013
19 july 2013
02 july 2013
26 june 2013
25 june 2013
25 june 2013
03 may 2013
03 may 2013
03 april 2013
03 april 2013
08 march 2013
08 march 2013
06 february 2013
06 february 2013
25 january 2013
14 january 2013
04 january 2013
07 december 2012
07 december 2012
26 november 2012
22 november 2012
22 november 2012
02 november 2012
15 october 2012
11 october 2012
10 october 2012
01 october 2012
20 september 2012
10 september 2012
07 september 2012
03 september 2012
03 september 2012
29 august 2012
22 august 2012
22 august 2012
27 july 2012
17 july 2012
16 july 2012
11 july 2012
05 july 2012
27 june 2012
27 june 2012
18 june 2012
12 june 2012
05 june 2012
26 may 2012
26 may 2012
16 may 2012
14 may 2012
07 may 2012
30 april 2012
20 april 2012
20 april 2012
11 april 2012
11 april 2012
27 march 2012
27 march 2012
27 march 2012
01 march 2012
12 march 2010
12 march 2010
25 may 2009
25 june 2013

IEA sees growth of natural gas in power generation slowing over next 5 years

Natural gas will continue to increase its share of the global energy mix, growing at 2.4% per year between now and 2018, the IEA said in its Medium-Term Gas Market Report (MTGMR) issued today. However, this projected growth rate is lower than the IEA’s forecast last year of 2.7%, due to persistent demand weakness in Europe as well as difficulties in upstream production growth in the Middle East and Africa.

At the same time, the report sees gas emerging as a significant transportation fuel: Thanks to abundant shale gas in the United States and amid more stringent environmental policies in China, gas is expected to do more to slow oil demand growth than electric vehicles and biofuels combined.

“Even though we have revised our growth estimates downwards, the ‘Golden Age’ of gas remains in full swing,” said IEA Executive Director Maria van der Hoeven as she presented the report in Saint Petersburg. “Gas is already a major fuel in power generation, but the next five years will also see it emerging as a significant transportation fuel, driven by abundant supplies as well as concerns about oil dependency and air pollution. Once the infrastructure barriers are tackled, natural gas has significant potential for clean-energy use in heavy-duty transport where electrification is not possible.”

While the report foresees the share of gas in the global primary energy mix rising and while total gas demand is expected to rise to nearly 4,000 billion cubic metres (bcm) in 2018 from 3,427 bcm in 2012, gas faces challenges in all the major geographic regions. In the United States, in the absence of policy constraints on coal-fired plants, recovering gas prices will prompt coal to regain some of its share of the power market, putting US greenhouse-gas emissions from the power sector back on a growing track. Europe sees only a weak and partial recovery due to the Eurozone crisis and low carbon prices. Gas exports from the Middle East decline amid runaway domestic demand growth – especially in the power sector.

“The persistent tightness of LNG markets is a major concern as it limits the contribution of gas to sustainable energy security,” Ms. Van der Hoeven said. “’It also highlights the need to tackle energy subsidies and improve energy efficiency in major producing countries as well as to adopt supportive policies for LNG investment.”

Other key findings of the report include:

Non-conventional production will remain a North American phenomenon in the medium term. The United States alone represents over one-fifth of the global increase in gas production, benefiting from technological developments and cost-efficient field services. Exploration in other regions continues, but is hindered by geology, infrastructure and environmental constraints as well as lack of social acceptance.
Natural gas plays a major role in addressing air quality concerns in China. China will account for 30% of the growth of global gas demand. Despite the country’s impressive progress on domestic production, this still puts China on a path of increasing import dependency: In the next five years, China absorbs the entire production increase from Central Asia as well as one-third of the global increase in LNG supply.
The tightness of LNG supply enables some recovery of Russian exports to Europe. Nevertheless, in the longer term, Russia will be able to maintain its premier position in the world of gas only by developing the resources and infrastructure for large-scale Asian exports.


MTGMR is part of a series of medium-term forecasts that the IEA devotes to each of the main primary energy sources – oil, gas, coal and renewable energy – and, starting this year, energy efficiency.


Article from: www.iea.org 
 
built with Fastportal3 by FASTNET S.p.A.