Natural Gas Production Significantly Increases During COVID-19 Pandemic - GECF
(MENAFN- AzerNews)
By Trend
Natural gas production has increased significantly during the
COVID 19 coronavirus pandemic, Secretary General of the Gas
Exporting Countries Forum (GECF) Mohamed Hamel said at the 27th
Energy Forum in Baku, Trend reports.
According to him, Natural gas production will continue to grow
in the short term.
Hamel noted that investments in this sector will be
significantly increased, and cost of gas will grow.
'World's population will grow rapidly by 2050, which will lead
to an increase in demand for natural gas. Today, we assume that
significant growth will be observed in the Asian region. We predict
that natural gas production in the medium-term will be in second
place after renewable energy sources (RES),' Hamel said.
Hamel also noted the need to introduce modern technologies in
the production process.
Speaking about decarbonization, Hamel added that hydrogen
production will increase to 600,000 tons by 2050.
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