Net-Zero Scenarios Underestimate Energy Demand Growth, Gas Union Says ...Middle East

The various decarbonization pathways and scenarios are likely underestimating the rate at which global energy consumption is rising, which could create a supply shortfall of natural gas by the end of the decade, Switzerland-based industry organization International Gas Union (IGU) said in its Global Gas Report 2024 on Tuesday. If global natural gas demand continues to grow as it did in the last 4 years, without additional production development, a 22% global supply shortfall is expected by 2030, IGU said in the annual report.   “If demand…

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