Stepping on the gas post-pandemic

摘要

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. This trend was already underway before the pandemic, thanks to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. These are the key findings of the Global Gas Report 2020, published by the International Gas Union (IGU), BloombergNEF (BNEF) and Snam. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.