About 70 % of this increased demand will come from Asia and North America. And the rise will be linked to a more active shift by consumers from coal to gas for power generation, industry and household consumption and increased use for gas engine fuel.
By 2050, Novak said, the share of natural gas in the world energy balance could amount to 28 %. And the volume of the LNG market could double or more. The world economy will need 18.19 billion tonnes of oil equivalent of primary energy.
Share:
Fracking activity, used in hydrocarbon extraction in North America, has nearly recovered to pre-pandemic levels, analysts Rystad Energy reported.
Ingka Investments, the investment arm of Ingka Group, owner of Ikea and Mega shopping centres in Russia, is buying a 49 % stake in eight solar parks in Russia.
Last Friday, a ceremony took place in the southern Russia region of Karachay-Cherkessia, with the Kuban River closed off to mark the beginning of the main construction phase of RusHydro’s two small hydroelectric stations Krasnogorsk SHPP-1 and Krasnogorsk SHPP-2.
![global_energy_logo_2colors_eng-(1)-[Converted]](https://globalenergyprize.org/en/wp-content/uploads/2019/02/global_energy_logo_2colors_eng-1-Converted-220x70.png){kind=logo}