
Some see natural gas (NGZ23) demand as nearing a peak. After all, the latest International Energy Agency (IEA) annual report stated that global demand for natural gas will peak this decade. And in Asia, the IEA sees consumption falling 40% by 2050, based on climate pledges by governments in the region.
Meanwhile, the message coming out of the Singapore International Energy Week conference last week was clear and quite different: Asia will need a lot more natural gas to help it transition from coal to renewable sources of power.