Global Gas Report 2019

IGU

October 16, 2019

San Donato Milanese (Milan, Italy), 16 October 2019 – Snam, International Gas Union (IGU) e
The Boston Consulting Group (BCG) present 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.
The demand has responded strongly to ample supply and liquidity. With LNG trade
expanding, prices at key regional natural gas hubs have reached multi-year lows and gas has
become affordable for more consumers, taking share from coal. That has driven a 5%
increase in global demand in 2018, with particularly strong growth in the US and China, and
a 4% increase in global gas trade.
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 compared to other fossil fuels, growing supply and increasingly
competitive pricing.
This highlights the key role that cost competitiveness 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.

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RT @GECF_News: #GECF Secretary General Dr. Yury Sentyurin participates in the first-ever in the #MiddleEast Research Conference #IGRC2020 b…

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“Without a doubt in my mind, the future of our industry will be shaped by how well we embrace innovation and R&D. Simply put, to survive as an industry, we must continue to innovate.” IGU President Prof. Joe Kang opening remarks at IGRC2020, Oman. #iGRC2020 https://t.co/YIDGb63W0p

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We are now just minutes away from IGRC2020 where industry professionals from around the world will share and discuss the innovations that will propel the industry into a sustainable future. @igrconference @GECF_News @GasTechnology https://t.co/cmkGD80lLx

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The IGU wishes to thank the hosts of IGRC2020, Oman LNG and the Ministry of Oil and Gas for their outstanding organization of this week's conference in Muscat showcasing the latest industry developments in R&D and Innovation! @igrconference @GasTechnology @GECF_News https://t.co/1PsvwlNysC