According to preliminary long-term predictions, world gas consumption would increase by 20% over the next 20 years.
(File Photo: IANS)
The director of Russian gas giant Gazprom, Alexei Miller, has claimed that the world’s demand for gas is predicted to reduce by 65 billion cubic metres in 2022, with 55 billion cubic metres going to the 27 countries that make up the European Union.
Preliminary projections show that the global gas demand would fall by 65 billion cubic metres in 2022 and “55 billion cubic metres from these 65 billion fall on the 27 European countries,” Gazprom said in a statement, citing Miller as speaking at a year-end meeting on Wednesday.
Energy markets underwent a significant shift in 2022, according to Miller, who noted that while these changes initially may have been characterised as excessive volatility, towards the end of the year it became evident that the markets were suffering upheaval.
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He added that in this environment, Gazprom is thinking about the future, the company’s new initiatives, and energy security in general.
According to preliminary long-term predictions, world gas consumption would increase by 20% over the next 20 years.
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