April 1, 2024
Under this scenario, natural gas power generation is expected to account for 13% of the global power mix by 2030. To meet this target, gas-fired power generation will need to decrease 3% annually from 2021 to 2030. Incorrys does not view this scenario as realistic as the ongoing energy crisis is expected to defer the goal of meeting these ecological objectives, with energy security concerns taking precedence as the foremost priority at present. Clean electricity is anticipated to gain momentum by 2030, after which the share of natural gas power generation is expected to begin declining, albeit not before that time. Incorrys expects a slight increase in gas-fired power generation through 2030. Total growth might reach 4% (from just over 6300 TWh in 2022 to about 7000 TWh in 2030). In 2030, the US is projected to account for a quarter of the world’s natural gas power generation.