Global demand for natural gas will grow by 36%

Global demand for natural gas will grow by 36%

- Experts attending the joint conference of REW Expert Club and MIEI in Tehran agreed that the establishment of market regulations will create higher international gas consumption.

Dubai – The joint conference of the Russian Energy Week (REW) Expert Club and the Iranian Institute for International Energy Studies (MIEI) called “Shaping the New Energy Order: Common Interests and Threats” was held in Tehran. The consensus shared by the experts attending the event was “The establishment of market regulations similar to those at OPEC+, as well as independent financial and insurance institutions, will result in higher international gas consumption, including in Asian markets.

The experts believe that such institutions can be part of the SCO (Shanghai Cooperation Organization) or BRICS (Brazil, Russia, India, China, South Africa) whose gas demand will only rise in the next 20-30 years. However, today they are constrained to a certain extent by the lack of sufficient infrastructure and availability of free resources on the world market.

“It sounds difficult, but establishing an independent environment protected against sanctions or artificial price regulation by creating long-term relationships between the exporters and the consumers will accelerate gas investment, production and consumption. This means lower СО2 emissions,” said Leonid Krutakov, Senior Lecturer of