April 1, 2024

Global Natural Gas Power Generation 2000-2022

Global natural gas power generation has more than doubled since 2000 from about 2700 TWh to over 6300 TWh. Natural gas-fired generation previously peaked in 2019 at 6200 TWh before recessing in 2020 driven by the Covid pandemic. Generation recovered in 2021 and held relatively flat into 2022. 2022 was a very turbulent year for the natural gas market in general with decreased Russian pipeline gas exports to Europe due to sanctions resulting from their invasion of the Ukraine. As a result of the turmoil in the natural gas markets, prices in Europe and Asia skyrocketed to unprecedented levels, propelled by a substantial increase in European LNG demand. Wholesale natural gas prices reached historic highs across all regions except North America and Russia.

Global Natural Gas Power Generation Market Share 2022

The US accounted for about a quarter of global natural gas power generation in 2022 (24%). They were followed by Russia at 8%, Japan and IR Iran at 5%, China at 4% and Saudi Arabia at 3%.

See Also:
Natural Gas Power Generation By Country (TWh) 2000-2022
Global Natural Gas Power Generation 2022-2030
Natural Gas Power Generation By Country (TWh) 2022-2030

References:
Ember Global Electricity Review