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IEA expects gas to overtake coal as world’s second largest energy source by 2030

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LNG Industry,

According to Reuters, the International Energy Agency (IEA) has announced that it expects gas to overtake coal as the world’s second largest energy source (after oil) by 2030.

Reportedly, this will occur due to a drive to reduce air pollution, as well as an increase in the use of LNG.

The IEA stated in its World Energy Outlook 2018 that energy demand would increase by over 25% between 2017 and 2040, assuming more efficient energy use, but that it would increase by twice that without these improvements.

According to Reuters, these estimates are based on the agency’s ‘New Policies Scenario’. This takes legislation and policies to decrease emissions and limit climate change into consideration, and also assume further energy efficiencies in the use of fuel, buildings, etc.

The report said: “Natural gas is the fastest growing fossil fuel in the New Policies Scenario, overtaking coal by 2030 to become the second-largest source of energy after oil.”

Reuters reports that, according to the IEA, China would soon establish itself as the world’s biggest gas importer. The country is already the largest importer of oil and coal in the world.

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LNG import news Natural gas news China LNG news


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