Different trends characterised gas demand growth since 1990 across regions. In OECD Americas consumption grew steadily between 1990 and 2000 when it stabilised around 800 Bcm for 10 years. In 2010 demand growth resumed until 2016, when it hit the record of 975 Bcm. In OECD Europe, the increase was sustained until the year 2005, when it stabilized between 540 Bcm and 560 Bcm until 2008. Then, it fell reaching 458 Bcm in 2014. Despite growth in the last three years, it is still far from the levels previous to the economic crisis in 2009. Currently, demand levels are similar to 2002.
In OECD Asia/Oceania, demand also increased steadily until 2007 when it remained almost constant for three years before growing again in 2010 (driven by demand growth in Korea) and 2011 (driven by the decrease in nuclear power generation after the Fukushima accident in Japan). Since then, it oscillated around 225 Bcm.
In non-OECD Europe/Eurasia, the natural gas consumption remained fairly constant after 1994.
Finally, in the rest of the World, natural gas consumption showed a strong average growth rate of 6.1% per year in the last 20 years. This trend has been even stronger in China, where the average increase rate was of 12.8% per year in the same period.
Source: Natural Gas Information 2017
21 July 2017