Interim report of annual gas market published by IEA shows that global demands for gas are estimated to be increased annually by 2.2% by the end of 2019.
LNG (liquefied natural gas) can meet most of demands for gas. New-built gas pipeline
can also play an import role in meeting the demands for gas, resulting in changing conventional leading role of suppliers in every country. Private suppliers in Australia, Canada and the U.S. lead global LNG trade. By 2019, global LNG trade scale will be expanded by 40% compared with 2014, reaching to 450 billion cubic meters. From 2014 to 2019, 50% of global total exporting volume of newly increased LNG will come from Australia. North America will account for 8% of global LNG exporting volume.
Maria FanDeHu Finn, related officials of IEA said,” We have entered into an age of developing, transmitting and supplying gas with highly improved efficiency. Energy security is ensured. In international gas trade, the main reason of increasing demand is the promotion from Asian-Pacific region especially China while power of increasing supply comes from private investment field of LNG in Australia and North America. She also showed that high price of LNG has great influence on increasing demands for gas.
The report shows that demands for gas in China will be increased to 315 billion cubic meters with the promotion of power industry, chemical industry and transportation industry by 2019. Then, at least 50% of increasing demands for gas in China will be satisfied with domestic resources. China is still the important gas importing country. Most of resources are unconventional resources. In 2019, total output of gas in China will reach to 193 billion cubic meters, increased by 35%, compared with 2013.
The report also shows that because of low growth rate of demands for electricity and Europe supporting renewable energy, gas consumption in Europe will not reach to peak in 2010 again in the next 5 years. Otherwise, diversification of gas supplying in Europe will not take many effects by the end of 2009.