Letter from Europe: Gas industry back on high alert
International Gas Union warns of potential global shortfall by 2030 and calls for need to boost investment to meet energy security and sustainability needs
Gas should be the great unifier. Those concerned about the need for cleaner energy and those worried about sufficient and affordable supply should both heed the warnings from industry association the International Gas Union: invest more in gas now. With the fallout from the Russia crisis still fresh in the memory, there can be no room for complacency or environmental zealotry, with gas the ultimate energy solution. In the IGU’s Global Gas Report 2024, the key message is that current levels of investment gas supply are insufficient to meet the demand trend towards 2030. “The historical trend of gas demand growth from economic development and improving living standards in the developing world

Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure