Gas plays a vital role in energy transitions
GECF secretary general Yury Sentyurin said gas plays a vital role in energy transitions toward sustainable development.
At the opening of the 2nd International Gas Seminar of the Gas Exporting Countries Forum (GECF), he said global natural gas use was slated to double by 2050, Iran"s SHANA news agency reported.
"Our main message is that natural gas is the destination fuel and will play a central role in energy transitions. We will continue to defend the position of the Forum on benchmark prices, stressing that oil indexation is still the optimum choice for buyers and sellers of gas," H.E. Yury Sentyurin, said during the Seminar.
According to the GECF"s Global Gas Outlook Model, natural gas will be the only hydrocarbon resource to increase its share in the global energy mix, remaining the fastest-growing fossil fuel.
The African continent is set to increase its presence in the global energy sphere, more than doubling its natural gas production by 2040 and altering the global energy supply mix in the process.
"Natural gas is growing to become the fuel of choice globally," stated H.E. Dr. Seyed Mohammed Hossein Adeli, Head of the Iranian Delegation. "The share of gas in the energy mix used to be 18%. Currently, it is 23% and has the prospect to increase to 26% in the next couple of decades.Gas is replacing coal and oil. Coal represents 26% and will be down to 17-18%. Oil is now dominating at 32% and is going to be down to 25-26%. This goes mostly to gas and renewables."
- Date of news insertion :
- 07/12/2019 - 14:23
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