Global demand for natural gas will decrease slightly by 2022 due to high prices and market problems created by Russia’s invasion of Ukraine, according to the report. news of the International Energy Agency.
The expected small increase in global gas demand compares with the IEA’s earlier forecast of 1% growth in the first quarter published in January. The change is below the forecast of 50 billion cubic meters, equivalent to half of U.S. liquefied natural gas exports last year. Global natural gas use will increase by 4.5% in 2021.
Russia’s invasion of Ukraine has added to the uncertainty and uncertainty of a stable natural gas market, especially in Europe. While there are currently no legal limits on the import of Russian natural gas to the European Union, the war has required EU governments to seek to reduce their reliance on Russian fossil fuel imports. as soon as possible. The IEA published a 10-Point plan on March 3 outlining a way to reduce the amount of Russian gas exports to Europe by about a third in a single year while is committed to the will of the EU climate.
Gas prices have risen sharply as Europe’s efforts to supply natural gas have increased demand for fossil fuels (LNG), and some have been diverted. Asia. The average LNG prices in Asia during the 2021-22 summer will be more than four years in their five years. In Europe, total LNG prices were higher than five -year -olds in their fifth year, despite a low winter. Prices have been boosted by Russia’s move, which, before its invasion of Ukraine, had significantly reduced sales of short -lived gas to Europe, which left Europe at 17% behind. under their age of five at the beginning of the European warming period.
“Russia’s non -military invasion of Ukraine has caused more human casualties, but it has also exacerbated a significant energy supply and security crisis,” said Keisuke Sadamori, IEA’s Director for Energy Markets. and Security. “While tough competition for LNG supplies is unacceptable as Europe reduces its dependence on Russian gas, the best and lasting solution to today’s problems is to strengthen its dependence on Russian gas. improving the energy efficiency of our industry and accelerating the transition from fossil fuels to low -carbon.. energy sources, including low -carbon gases produced at home. “
Russia is the largest supplier of natural gas in Europe, meeting 33% of the country’s demand in 2021, up from 25% in 2009. Natural gas flows have continued to flow through Ukraine to this day. time since the invasion, even though Ukraine itself has experienced problems and disasters. its gaseous gas.
Natural gas use this year is expected to fall by almost 6% in Europe. In Asia, it is expected to grow by 3% in 2022, a slowdown marked from 7% growth in 2021. Regions such as the Americas, Africa and the Middle East are expected to suffer less. Driven by gas market volatility, though. reliance heavily on home gas production. However, they are being plagued by the economic impact of Russia’s invasion of Ukraine with rising trade prices, weak purchasing power and low inflation due to trade confidence.
Five things to know about LNG when the EU looks outside Russia
IEA update annually: www.iea.org/reports/gas-market-report-q2-2022
Provided by International Energy Agency
Directions: Global demand for natural gas decreases slightly in 2022 as Russia’s war on markets and industries ends: Report (2022, April 15) Retrieved 15 April 2022 from https: // phys .org/news/2022-04-global-natural-gas -demand-decline.html
This document is copyrighted. Except for appropriate action for the purpose of personal inquiry or research, no piece may be reproduced without permission. Information is provided for informational purposes only.