If global natural gas demand continues at the same pace as the previous four years, rising consumption could exceed output, resulting in a steep supply shortfall by 2030 without additional investment in production, the International Gas Union (IGU) warned in its 2024 Global Gas Report.
The IGU report produced in partnership with Italian midstream company Snam SpA and Rystad Energy challenges climate plans set by governments and policymakers that fail to include energy demand scenarios that could result in energy shortages by 2030.
“The report findings show rising energy demand across all regions, record-breaking coal emissions, and extreme weather conditions, demonstrating an urgent need for more policy clarity around energy supply planning,” said IGU President Yi Li Yalan.
