The report forecast that natural gas consumption would increase by 1.8 per cent a year to 2035. The majority of the increase in demand will come from emerging economies, with China and India together accounting for around 30 per cent of the increase and the Middle East over 20 per cent.
“Gas looks set to become the fastest growing fossil fuel, spurred on by ample supplies and supportive environmental policies. In contrast, the growth of global coal consumption is likely to slow sharply as the Chinese economy rebalances,” BP Group Chief Executive Bob Dudley said.
APPEA Chief Executive Malcolm Roberts said the report confirmed the key role of natural gas in the global energy mix and its growing importance in the low carbon economy of the future.