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GLOBAL DEMAND FOR NATURAL GAS

 

1 July, 2016

The consumption of natural gas has dwindled in the Asia Pacific region, with China’s gas demand growth falling to below five per cent in 2015, down from double digit growth in the last decade, according to British energy giant BP.

As per the BP statistical review of world energy, 2015, the global demand for natural gas grew by just two per cent in 2015, while in the Asia Pacific region it grew by five per cent. 

In the United States, gas demand fell in 2015, whereas the European Union (EU) gas consumption bounced back up by 16 Billion cubic metres (4.6 per cent). The Middle East also recorded strong growth of 26 Bcm (6.2 per cent), where the regional demand growth was also the highest (6 per cent).

As for the supply part, the United States remained the dominating global power in the year 2015, with output growing by over five per cent (39 Bcm), accounting for more than half of the increase in world production. The countries where supply increases were witnessed in the same year were Norway (7.7 per cent, 8 Bcm), China (4.8 per cent, 6 Bcm) and Australia (9.4 per cent, 6 Bcm).

Overall there was slowdown in energy demand which reflected continued weakness in the global economy and lower growth in Chinese energy consumption as the country shifts from an industrial to a service-driven economy. The US also turned its back on coal in favour of cheaper domestic shale gas resources. Tightening environmental rules in the US have spurred the move to cleaner electricity generation. However, BP said the shift was mostly market-driven.

Meanwhile, Germany’s total primary energy supply in the year 2013 was 312.4 MtoE (Million Tonnes of Oil Equivalent) and the share of renewables was 11.9 per cent, about two per cent above the International Energy Agency (IEA) average.

Compared to other IEA countries, Germany had the thirteenth highest share of gas in Total Primary Energy Supply (TPES) in the year 2013 and the eighteenth highest share of oil in TPES and the eighth highest share of coal in TPES.

Germany also had the fourteenth highest share of nuclear in TPES, the ninth highest share of biofuels in TPES and the nineteenth highest share of hydro in TPES.

The IEA countries’ average share of gas, oil and coal in the total primary energy supply was 26 per cent, 35 per cent and eight per cent respectively. For nuclear, biofuels and hydro, it is 10 per cent, five per cent and two per cent respectively.

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