Monday 17 July 2017

Gas demand: Changing narrative is causing a credibility problem for the IEA

The narrative on where the demand for gas is going to come from seems to be changing rapidly. Even established research agencies like the IEA is giving up on the power sector as the main pillar of Gas demand and supply in India. The continued rise of renewables seems to be posing a problem.

The focus now is on industrial demand, from petrochemicals to fertilizers. The changing narrative is beginning to put pressure on the IEA's credibility as an independent research agency which is not just as a votary of the oil & gas lobby.
The moot question is how fast and how quickly will demand will go up in the non-power segments?
What is more, according to the IEA, China and India are meant to be largest drivers of gas demand in the coming decade.
How dependable are these markets?

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