Participants at the 2015 United Nations Climate Change Conference
Renewable energy, energy storage, energy efficiency, and green hydrogen are set to draw away more than 75% of future demand for liquefied natural gas (LNG), analysts at Wood Mackenzie warned last week.
In a forecast connected to the Paris Agreement goal of keeping average global warming “well below” 2.0°C, “the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase in renewables and energy storage,” Natural Gas Intelligence reports. “More gas consumption also would be sapped by efficiency improvements and as new technologies are adopted beyond the power sector.”
A couple of recent analyses have predicted the current wave of interest in hydrogen beginning to deliver practical results around 2030, with renewably-generated “green” hydrogen becoming cost-competitive with the “blue” variety derived from fossil gas around that time.
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