Global Gas Report 2019
Snam, International Gas Union (IGU) and The Boston Consulting Group (BCG) released the Global Gas Report 2019, the new edition of the annual report that examines key global gas market trends, looking at recent developments and assessing progress towards the leading role that gas is expected to play in the energy transition. This year’s report special feature is a section on the Future of Gas in Europe, co-produced with key European gas infrastructure operators: DESFA, Interconnector UK, Teréga and TAG.
Now in its third edition, the report reaffirms the positive scenario for natural gas. Over the past five years, the market has grown on average by 2% per year, and it is expected to maintain a similar growth rate until 2040 to reach 25% of the global energy mix, mainly due to its environmental benefits comparing to other fossil fuels, growing supply and increasingly competitive pricing.
The report highlights the key role that cost competitiveness, environmental credentials, and security of supply, will play if gas is to deliver its full potential – notwithstanding the diverse set of benefits that it offers to a world that is in the process of an unprecedented energy transition. It is a unique and abundant fuel that can reliably supply the world’s rapidly changing energy systems with more energy and support economic growth while helping to immediately cut emissions and improve air quality.