Report Shows 95% of Global Gas Growth Through 2035 coming from Asia
McKinsey report: Gas the only fossil fuel to rise in demand through to 2035 China, ASEAN, and South Asia to account for 95% of global LNG demand growth until at least 2035 Carla Sertin Sep 15, 2019 McKinsey Energy Insights, the global energy market intelligence and analytics arm of McKinsey & Company, today launches its Global Gas and LNG Outlook to 2035. The report reveals that gas is the only fossil fuel expected to continuously rise in demand through to 2035 and sets out a vision of a very different gas and LNG market dynamic. The report reveals that, in 2018, China emerged as the world’s biggest importer of gas and LNG, overtaking Japan, and second biggest importer of LNG, overtaking South Korea. McKinsey expects demand to continue rising in the region, with China, ASEAN, and South Asia to account for 95% of global LNG demand growth until at least 2035. Total gas demand is set to rise by 0.9% p.a., while Asian gas demand is set