Global gas demand to rise
OIL & GAS

Global gas demand to rise

According to the International Energy Agency (IEA), global gas demand is projected to grow by 2.5% in 2024. This increase is driven by the recovery in energy consumption as economies worldwide continue to rebound post-pandemic. However, supply constraints in certain regions could challenge this growth.

The imbalance between rising demand and restricted supply is expected to lead to higher gas prices, making it difficult for countries to secure stable energy sources. Factors contributing to the supply constraints include geopolitical tensions, logistical challenges, and production issues in key gas-exporting nations.

The rise in gas demand is expected to be particularly noticeable in regions with heavy industrialization and power generation needs. At the same time, European countries and parts of Asia are focusing on diversifying energy sources to avoid over-reliance on gas, accelerating the adoption of renewable energy.

Nonetheless, the transition to greener alternatives remains gradual, and natural gas is still considered a crucial bridge fuel. The IEA’s report highlights the importance of long-term investments in cleaner energy solutions to ease the pressure on gas demand and mitigate environmental impacts. The global energy landscape is shifting, but gas is set to play a key role in meeting the energy needs of the near future.

According to the International Energy Agency (IEA), global gas demand is projected to grow by 2.5% in 2024. This increase is driven by the recovery in energy consumption as economies worldwide continue to rebound post-pandemic. However, supply constraints in certain regions could challenge this growth. The imbalance between rising demand and restricted supply is expected to lead to higher gas prices, making it difficult for countries to secure stable energy sources. Factors contributing to the supply constraints include geopolitical tensions, logistical challenges, and production issues in key gas-exporting nations. The rise in gas demand is expected to be particularly noticeable in regions with heavy industrialization and power generation needs. At the same time, European countries and parts of Asia are focusing on diversifying energy sources to avoid over-reliance on gas, accelerating the adoption of renewable energy. Nonetheless, the transition to greener alternatives remains gradual, and natural gas is still considered a crucial bridge fuel. The IEA’s report highlights the importance of long-term investments in cleaner energy solutions to ease the pressure on gas demand and mitigate environmental impacts. The global energy landscape is shifting, but gas is set to play a key role in meeting the energy needs of the near future.

Next Story
Real Estate

Jharkhand to Allot 181 Flats via Online Lottery in February

The Jharkhand State Housing Board (JSHB) will allot 181 houses and flats through an online lottery system starting February. The process will be held for the first time entirely online, and interested applicants can apply from February 10 to March 10 via the JSHB's official website. Properties will be available under different categories, with the allotment based on a 90-year lease. Categories include Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), with varying sizes of houses and prices. For EWS, houses will have a super b..

Next Story
Infrastructure Urban

UP Cabinet Okays Municipal Bonds for Infrastructure

In a significant move aimed at bolstering infrastructure development in Uttar Pradesh, the state Cabinet approved the issuance of municipal bonds for the cities of Prayagraj, Varanasi, and Agra. The decision was made during a cabinet meeting chaired by Chief Minister Yogi Adityanath, which took place in the Maha Kumbh Mela area in Prayagraj. The new initiative will see the issuance of municipal bonds, enabling these cities to raise funds from the market for infrastructure projects. For every billion raised through these bonds, the state government will provide an additional Rs 130 million as ..

Next Story
Infrastructure Urban

Haryana Proposes New Policy on Tree Felling

The Haryana government has proposed a new policy on tree felling across non-forest land, which would remove the requirement for approval in urban areas on plots allocated by government bodies for residential, industrial, or infrastructure development. Currently, the forest department’s consent is mandatory for tree felling. The proposed policy seeks to replace all previous directives on tree felling outside forest areas, including those areas notified under Section 3 of the Punjab Land Preservation Act (PLPA), 1900. A committee is set to be formed to finalize the policy and revise compensat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000