Power generation to drive natural gas demand growth until 2050: GECF ...Qatar

Power generation will be the key driver of natural gas demand growth, accounting for 42% of incremental gas demand volumes through to 2050, according to the Gas Exporting Countries Forum (GECF). This is in contrast to the residential and commercial sector, which is projected to provide just 7% of the total gas demand growth between 2020 and 2050, GECF said in its latest Global Gas Outlook 2050. The power generation sector will represent the largest growth engine thanks to the substantial rise in electricity demand as well as government policies and regulatory initiatives to phase out coal-fired capacity and nuclear power plants in some regions. In addition, with progressive solar and wi

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