World chem demand for natgas to grow by 20% by 2030 - trade group

06 October 2009 23:24  [Source: ICIS news]

HOUSTON (ICIS news)--Global demand for natural gas as a chemical feedstock could grow by 20% by 2030, the International Gas Union (IGU) said on Tuesday.

The union made its comments as part of the 2009 World Gas Conference, the first one organised in Latin America.

Indeed, natural gas demand to produce ammonia could rise by 23% by 2030, assuming that the population of the world would reach 8bn, according to a report by the union.

However, demand should vary by country, said Roberto Brandt, chairman of the coordination committee of the IGU.

For example, Brazil accounts for 8% of natural gas production and 17% of natural gas demand in Latin America and the Caribbean region.

Brazil is expected to become a major player in the region by 2030, accounting for one third of the region's gas production and more than 40% of the region's gas demand.

To discuss issues facing the chemical industry go to ICIS connect

By: Cristina Kroll
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly