VLADIVOSTOK (Russia), Sept 4 (Bernama-Sputnik) - Global demand for gas is set to increase by at least 10 per cent to 12 per cent over the next 20 years, with the possibility for even higher growth, Russian First Deputy Energy Minister Pavel Sorokin said, reported Sputnik.
"The demand for gas is increasing globally. It will grow by at least 10 per cent to 12 per cent over the next 20 years, up to 4.5-4.6 trillion cubic metres of gas per year. However, the potential is even greater," Sorokin said on the sidelines of the Eastern Economic Forum (EEF).
At the same time, global demand for liquefied natural gas (LNG) is expected to rise to 580–600 million tonnes over the next six to seven years, up from the current 400 million tonnes. Over the next 20 years, demand could reach up to 700 million tonnes, which would allow LNG to surpass pipeline gas in terms of trade, Sorokin added.
The Eastern Economic Forum began on Tuesday and will run through Friday. It is being hosted by the Far Eastern Federal University in Russia's Pacific coast city of Vladivostok. Sputnik is the general information partner of the EEF 2024.
-- BERNAMA-SPUTNIK
