Qatar Sees 60% Rise in Global Gas Demand by 2040

Global demand for natural gas is expected to a growth of more than 60 per cent from 2010 through 2040, Minister of Energy and Industry H E Mohammed bin Saleh Al Sada said while addressing the plenary session of World Climate Summit, The Peninsula has reported.

He added that unconventional gas, such as shale gas, is foreseen to be 30 per cent of global production in 2040, meaning conventional gas is expected to meet 70 per cent of gas demand even after three decades.

“With this, the development of natural gas and LNG capacities will become necessary to balance the world energy equation”, he said.

He said natural gas is considered the cleanest, most efficient and versatile of all fossil fuels, abundant natural gas and widely distributed reserves, make it the fuel of choice from an environmental and economic view point.

Natural gas has an important role to play in mitigating environmental impact when used to replace old coal-based power plants with new natural gas-fired plants, which lower emissions of carbon dioxide by more than half per kilowatt-hour generated.