IEA Sees 50% Gas Demand Increase by 2035

The International Energy Agency (IEA) sees a central role for natural gas in the next 20 years, with the unconventional resources accounting for about a third of the natural gas produced worldwide.

“Out of all the fossil fuels, natural gas has the highest absolute growth. The global demand for natural gas increases by half over the period to 2035,” Keisuke Sadamori from the International Energy Agency (IEA) said in occasion of the conference European Formula 2013 in Oslo.

According to a note released by Wintershall on Friday, this means that the share of natural gas in the global energy mix would approach 25% by 2035. 

The IEA sees a 13% increase in European gas consumption in the period 2011-2035 and a sharp rise in demand in Asia.

China, India and the Middle East are expected to surge by 60%.