Energy News: Global demand for natural gas ‘will rise… nearly 50% by 2035’

Global demand for natural gas will rise nearly 50% to 190 trillion cubic feet (tcf) in 2035, compared to 130tcf now, said HE the Minister for Energy Dr Mohamed bin Saleh al-Sada.

Fossil fuel-based hydrocarbons currently account for about 83% of global energy consumption. While cleaner energy sources are expected to meet a growing share of demand over the coming decades, fossil fuels are forecast to continue to meet more than 80% of the world’s energy needs even after two decades, al-Sada said at the 10th Natural Gas Conversion Symposium at the RitzCarlton yesterday.

“Within the portfolio of fossil fuels, it is natural gas, which provides the most potent option for realising a sustainable energy solution. This is based on the fact that it is the cleanest, most efficient and versatile of all fossil fuels. Natural gas forms the perfect complement to renewable energy and is the most convenient bridge between a carbon intense present and a de-carbonised future, al-Sada said.

In its Energy Outlook report of 2012, the International Energy Agency said global demand for natural gas will rise nearly 50% to 190tcf in 2035, compared to 130tcf now.

To ensure a safer environment, an easy way to reduce urban pollution, as well as global carbon emissions, would be to encourage a more intensive usage of natural gas in power generation and transportation. This has great significance for the role of natural gas in the foreseeable future and beyond.

The development of natural gas and LNG capacities is therefore, necessary to balance the world energy equation.

Reducing the environmental footprint of fossil energy depends greatly on deployment of advanced technologies, capable of reducing greenhouse gas emissions and increasing the efficiency of fossil energy conversion, especially in the development of GTL products. This is where the role of academics, scientists and industry leaders comes in.

Qatar, al-Sada pointed out has come a long way from the inception of its early plans to establish a GTL hub. Through two of the world’s largest GTL plants, namely, the Pearl and Oryx GTL, Qatar Petroleum, in association with its partners,

Shell and Sasol have achieved the vision of becoming the “GTL capital of the world” and set the benchmark for the GTL industry.

“With the development of Pearl GTL, we have witnessed a giant leap in size, coupled with exemplary use of technology, resulting in the largest gas-to-liquids plant of its kind successfully going through its second year of production.

“With the advent of stricter emission regulations and requirements for superior performing lubricants, there is an upsurge in appetite for high-quality refined products for specialty industrial and domestic applications, leading to a significant demand-driven opportunity for GTL products.”

Al-Sada said: “As we enter the ‘golden age of natural gas’ with vast resources and enhanced methods of production, we believe that GTL is poised to grow further as a viable gas monetisation option.”

He hailed the conduct of the symposium and said it will contribute to Qatar’s growing reputation as a regional and international hub for education and scientific works; and stands as a testimony of the wise visionary leadership of HH the Emir Sheikh Hamad bin Khalifa al-Thani.

“Our oil and gas industry has supported this, through promotion and establishment of linkages between the national research and development programmes of universities in Qatar, to the need of the industry,” al-Sada said.

Source: Caye Global News, Gulf Times


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