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Global Gas Report 2022: Natural, low- and zero-carbon gases and gas infrastructure key to an achievable transition toward a sustainable and secure energy future for all.
In order to limit global warming to 1.5 C and fulfil net zero ambitions by 2050, greenhouse gas emissions will need to peak before 2025. Within the limited time available, governments, policymakers and industry will need to develop realistic and achievable strategies to curb emissions across all sectors.
, particularly in the power sector, where there has been a post-COVID19 surge in demand and increased coal-to-gas switching, as gas prices have outpaced those for coal. The situation has been exacerbated by global energy supply tightness, and the 2022 Russia- Ukraine conflict. Reversing the shift from gas to coal will require a focus on gas availability, emission pricing and CO2 and pollution policies.
Additional infrastructure, including import and storage facilities, can increase energy security. Extreme weather over the past two years has also put energy security to the test, but during this time natural gas has proven to be a reliable source of electricity generation that can offset shortfalls from other sources.
With its low-carbon profile, natural gas can achieve immediate cuts in emissions. Progressively, the gas industry will be an enabler of low- and zero-carbon gas technologies such as hydrogen, biomethane and CCUS, through its supply of feedstock, infrastructure and expertise. Today, blue and green hydrogen account for less than 1% of hydrogen demand, while biomethane is just 1% of gas production, but interest in these gases is gathering pace, with more and more countries committing to targets and funding. The EU's "RePowerEU" envisages 35 bcm of biomethane and 20Mt (approx. 70 bcm equivalent) of clean hydrogen demand in Europe by 2030, together accounting for around 25% of the EU natural gas market today.
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The 2022 Edition of the Global Gas Report report is a collaborative effort by IGU and Snam, produced by Rystad Energy. It seeks to deliver insights about the global gas sector and to inform its stakeholders, partners, and global decision makers about the state of play today and the possibilities for the future.
The International Gas Union (IGU) was founded in 1931 and is a worldwide non-profit organisation representing more than 150 gas and related service industry members worldwide on all continents. The members of the IGU are national associations and corporations within the gas industry and related services worldwide, covering over 90% of the global gas market and working in every segment of the gas value chain, from the supply of natural and decarbonised gas, renewable gas and hydrogen, through their transmission and distribution, and all the way to the point of use. The IGU organises the World Gas Conference (WGC) every three years. www.igu.org
Snam is one of the world's leading energy infrastructure operators and ranks among Italy's largest listed companies, by market capitalization. Through its international footprint, Snam operates in Albania (AGSCo), Austria (TAG, GCA), France (Teréga), Greece (DESFA), Italy , UAE (ADNOC Gas Pipelines) and UK (Interconnector UK) and has started activities in China and India . Snam is also one of the leading shareholders in TAP (Trans Adriatic Pipeline). The Group has the largest natural gas transportation network (over 41,000 km including international assets) and storage capacity (approx. 20 bcm including international assets) among its European peers and is also a leading player in regasification, through the LNG terminal in Panigaglia (GNL Italia) and its stakes in the Livorno (OLT) and Rovigo (Adriatic LNG) terminals in Italy and in the Revithoussa (DESFA) terminal in Greece . Snam also invests in energy transition businesses: biomethane (Snam4Environment), energy efficiency (Renovit), sustainable mobility (Snam4Mobility) and hydrogen. The company also operates in forestation (Arbolia) and is committed to achieving carbon neutrality (Scope 1 and Scope 2 CO2 eq emissions) by 2040.
Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Our products and services cover energy fundamentals and the global and regional upstream, energy services and renewable energy industries, tailored to analysts, managers and executives alike. We are headquartered in Oslo, Norway with offices across the globe.
Tatiana Khanberg Manager, Director Strategic Communications and Membership, International Gas Union, Tatiana.Khanberg@igu.org, +33 6 26 98 45 93 Мobile, +1 647 284 7595 WhatsApp; Snam Media Relations,ufficio.stampa@snam.it, Tel. +39 02.3703.9374; Roberta Vivenzio, Head of Media Relations, roberta.vivenzio@snam.it, Tel. +39 342.7719117
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