Natural Gas and LNG

tanker | © GettyImages/MsLightBox

Natural Gas & Liquid Natural Gas (LNG): Energy Transition

What role will natural gas play in reducing emissions? What will influence integration of LNG into German energy markets?

Natural Gas’s global growth position is underpinned by: its advantages over other fossil fuels in emissions abatement, its cost competitiveness, and its complementary (non-disruptive) integration into existing energy infrastructure and smart energy solutions that can balance the fluctuating supply of renewable energy. Its efficiency, storage capabilities, abundant availability, and economic viability legitimizes its “keystone” role in Germany’s Energy Transition.

Gas is widely accepted as best practice in bridging the German Energy Transition. Germany’s continued commitment to a cleaner and renewable-based energy market will require additional gas infrastructure investment. To hedge against ever-tightening emissions regulations and a projected natural gas import gap, the German government has announced its support for investments in LNG propulsion systems and infrastructure.

Industry Numbers: Gas in Transition

  • Rising gas consumption predicted; annual growth rate: 2.2% until 2040
  • Germany as a net gas importer: 89 BCM in 2018, equals 95% of total demand
  • German (Europe’s largest) natural gas market over USD 200 bn in 2018, LNG share of less than 1 percent is 94.5% dependent on pipeline imports.
  • German production is in steady state of decline: from 20% of it national consumption in 2000 to around 5% in 2018.
  • Biggest growth segments: power generation, district heating and mobility.
  • European Union’s gas demand: ~500 Billion m³ (BCM) in 2017
  • European domestic production, current 30% of EU consumption, has started a descent. By 2030, EU production will account for < 10 percent of its demand.

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David J. Warne David Warne | © GTAI

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