Demand For Natural Gas Increases

Demand for natural gas has increased significantly in recent years.
Some factors contributing to this increase in demand include:

  1. Global Economic Growth Economic growth in various parts of the world has driven an increase in demand for energy, including natural gas, to support industrial, commercial and domestic activities
  2. Greener Fuel Replacement: Natural gas is often considered a cleaner fuel compared to coal and petroleum in terms of greenhouse gas emissions. Therefore, many countries are switching from older fossil fuels to natural gas as part of their efforts to reduce emissions and meet environmental targets
  3. Increased Use in the Energy Sector: Demand for natural gas is especially increasing in the energy sector, both for power generation and as a raw material in industrial processes such as steel production and petrochemicals
  4. Liquefied Natural Gas (LNG): The expansion of LNG projects around the world has allowed natural gas to be transported farther and reach wider markets, increasing accessibility and global demand.