Consumption and production
- World natural gas consumption increased by only 0.4% last year, well below the 10 year average of 2.4%.
- Growth was below average in both the OECD and emerging economies.
- Consumption in the EU experienced its largest volumetric decline in the world in Germany, Italy, Ukraine, France and the UK.
- Globally, natural gas accounted for 23.7% of primary energy consumption.
- Global natural gas production increased by 1.6%, below its 10 year average of 2.5%.
- Growth was below average in all regions except North America.
- The US recorded the world’s largest increase, accounting for 77% of net global growth.
- The largest volumetric declines were seen in Russia and the Netherlands.
Trade
- Global natural gas trade registered a rare contraction in 2014, falling by 3.4%.
- Pipeline shipments declined by 6.2%, the largest decline on record, driven by falls in net pipeline exports from Russia and the Netherlands.
- Global LNG trade increased by 2.4%.
- International natural gas trade accounted for 29.4% of global consumption.
- LNG’s share of global trade rose to 33.4%.
Edited from press release by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/11062015/natural-gas-bp-stat-review/
