WGC 2018
Major reports launched During WGC 2018, IGU launched the latest Global Gas Report, World LNG Report and Wholesale Gas Price Survey. Brief summaries are given here and the full reports can be downloaded from www.igu.org. Global Gas Report 2018
scenarios). Prominent forecasts also
the industry must focus on three
This joint report prepared by Snam,
project gas to overtake coal as the
core levers:
IGU and the Boston Consulting Group
second leading source of global energy
assesses the unique role that natural
consumption by 2035, behind oil.
gas can play in the global energy mix
Cost competitiveness – Improving the cost of gas relative to other energy
The majority of forecasters expect
sources through a combination of LNG
to drive economic development while
gas to grow from the current 22% to
cost efficiencies, pricing environmental
limiting environmental impacts. Gas
over 24% of the global energy mix by
externalities and promotion of local
consumption is widely projected to
2035. Starting from the context of a
gas production in markets around the
grow in the long run under virtually all
strong increase in 2017 gas demand
world. This is especially important
major scenarios (including the most
(preliminary data suggest that in 2017,
considering that over three-quarters of
aggressive low-carbon transition
global gas consumption experienced
forecast demand growth by 2040
its strongest growth since
Global gas report 2018
supply security through the develop
on year – more
ment of enhanced networks and
than double the
infrastructure, more flexible commer
average growth
cial models and new modular access-
rate of the prior
enabling technologies. Rapidly
five years) and
developing gas infrastructure in Asia
increasing market
and Africa will be critical given the lack
liquidity and
of access to gas in those regions today. Sustainability – Promoting the
to the growing
environmental sustainability of gas
LNG market
through measures to reduce urban air
(+48 bcm in 2017
pollution, develop low carbon tech
an increase of
nologies for gas, integrate renewable
12% vs an annual
gas sources into existing infrastructure
average of 1.6%
and limit methane emissions.
in 2010-2016),
86 Major reports launched
Security of supply – Enabling gas
2010 at 3.7% year
availability thanks
SPECIAL EDITION
comes from non-OECD regions.
Reducing emissions through the gas
the report high
supply chain will be critical in OECD
lights that, in
markets in particular as more aggres
order to continue
sive climate targets are implemented.
strong growth,
This year’s report includes a special
