Global Natural Gas Demand Continues to Rise Amidst Energy strain
Natural gas remains a crucial energy source, offering a scalable and responsive solution to meet increasing power demands and stabilize global grids.Demand for natural gas increased globally by seventy-eight billion cubic meters, or 1.9%, in 2024, reaching 4,122 billion cubic meters (bcm).
The 2025 Global Gas Report, released by the International Gas Union (IGU) and Snam, projects continued growth in natural gas demand. Experts predict a further increase of seventy-one billion cubic meters (1.7%) in 2025.
Global energy demand is expected to climb over the next decade, especially before 2030. China and India are anticipated to experience meaningful surges in power consumption,making Asia the primary driver of global energy demand.
North America will also contribute to this growth, supporting the overall increase in demand.
several factors are placing strain on power systems worldwide. Recent heatwaves, coupled with the rapid expansion of technologies like artificial intelligence and cloud computing, are increasing energy needs.
Geopolitical tensions are creating uncertainty in the liquefied natural gas (LNG) market, while the pace of the energy transition adds another layer of complexity.
The long-term role of natural gas in the energy mix is a subject of ongoing debate. While renewable energy sources are gaining prominence, natural gas is frequently enough viewed as a bridge fuel, providing a reliable and flexible source of power during the transition. The future of natural gas will depend on factors such as technological advancements in renewable energy, government policies, and global economic conditions.
Frequently Asked Questions
What is driving the increase in global natural gas demand?
Rising power consumption in Asia, particularly in China and India, is a major factor. Additionally, increased demand from technologies like AI and cloud computing, and recent heatwaves are contributing to the growth.
What does the 2025 Global Gas Report predict for natural gas demand?
The report forecasts a 1.7% increase in global natural gas demand in 2025, adding seventy-one billion cubic meters to the total.
How is geopolitical instability impacting the natural gas market?
Geopolitical tensions are creating uncertainty regarding the supply and demand of LNG,potentially affecting prices and availability.
What role does natural gas play in the energy transition?
Natural gas is often considered a “bridge fuel” due to its reliability and versatility, helping to stabilize grids as renewable energy sources are scaled up.
What was the total global natural gas demand in 2024?
Global natural gas demand reached 4,122 billion cubic meters (bcm) in 2024.
