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Getting The Deal Through

Global overview

David Tennant and Torquil Law

Dentons UKMEA LLP

Monday 27 March 2017


Consumption

In 2015, global natural gas consumption grew by 1.7 per cent. Consumption growth was higher outside the OECD (+1.9 per cent, accounting for 53.5 per cent of global consumption) than in the OECD countries (+1.5 per cent). Iran (+6.2 per cent) and China (+4.7 per cent) recorded the largest increases in consumption, although growth in China was sluggish compared with a 10-year average annual growth rate of 15.1 per cent. Meanwhile, Russia (-5 per cent) recorded the largest volumetric decline. Among OECD countries, the US (+3 per cent) accounted for the largest growth, while EU consumption (+4.6 per cent) rebounded after a large decline in 2014.

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