ShareWorld energy outlook
Gas is the fastest growing fossil fuel (1.8% p.a.). The global trade share of gas remains around 30%. But within that,LNG trade grows twice as fast as consumption, with LNG’s share of world demand rising from 10% in 2014 to 15% in 2035.
Over the same period, GDP is expected to more than double, but unprecedented gains in energy efficiency mean that the energy required to fuel the higher level of activity grows by only 34%.
Virtually all of the additional energy is consumed in fast-growing emerging economies.
Fossil fuels remain the dominant source of energy powering the global economy, providing around 60% of the growth in energy and accounting for almost 80% of total energy supply in 2035 (down from 86% in 2014).
Among non-fossil fuels, renewables (including biofuels) grow rapidly (6.6% p.a.), causing their share in primary energy to rise from around 3% today to 9% by 2035.
Gas is the fastest growing fossil fuel (1.8% p.a.). International trade in gas grows broadly in line with global consumption, such that the global trade share of gas remains around 30%. But within that,LNG trade grows twice as fast as consumption, with LNG’s share of world demand rising from 10% in 2014 to 15% in 2035. Over 40% of the increase in global LNG supplies is expected to occur over the next five years as a series of in-flight projects are completed. This equates to a new LNG train coming on stream every eight weeks for the next five years.
Virtually all of the additional energy is consumed in fast-growing emerging economies.
Fossil fuels remain the dominant source of energy powering the global economy, providing around 60% of the growth in energy and accounting for almost 80% of total energy supply in 2035 (down from 86% in 2014).
Among non-fossil fuels, renewables (including biofuels) grow rapidly (6.6% p.a.), causing their share in primary energy to rise from around 3% today to 9% by 2035.
Gas is the fastest growing fossil fuel (1.8% p.a.). International trade in gas grows broadly in line with global consumption, such that the global trade share of gas remains around 30%. But within that,LNG trade grows twice as fast as consumption, with LNG’s share of world demand rising from 10% in 2014 to 15% in 2035. Over 40% of the increase in global LNG supplies is expected to occur over the next five years as a series of in-flight projects are completed. This equates to a new LNG train coming on stream every eight weeks for the next five years.