The Future of Global Natural Gas Market

Abstract

In times of economic slowdown, an imbalance between supply and demand in the global hydrocarbon market leads to its destabilization. To predict such situations in advance, specialists from international and Russian organizations (International Energy Agency, BP plc, Institute of Energy Research of the Russian Academy of Sciences, Institute of Energy Economics of Japan) and consulting companies (IHS Markit) periodically prepare papers on the evolution of global energy markets and the implications for Russia. Virtually all studies are not yet ready to specify the period of peak gas demand in the foreseeable future, even for the world’s largest economies (with the exception of the European Union and developed Asian countries), which gives reason to call the 21st century a gas century.