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Natural gas will be the leading fuel in 2040

Mexico City, November 1, 2023.- According to the latest edition of the Global Gas Outlook 2050, prepared by the Gas Exporting Countries Forum (GECF), natural gas will overtake coal within two years and will be the most widely used fuel in the world by 2040. 1
The use of this source for energy production will be the main driver of increased demand, accounting for 43% of total growth. Among the factors that will drive this trend are its environmental benefits – by producing lower emissions compared to other energy sources – plus its competitive prices and its smooth integration with other energy sources.

Global energy consumption is moving towards natural gas. That is why it is crucial to access it through different solutions, both to meet demand and to move towards the energy transition of industrial facilities.

According to Carlos Boone, Director of Business Intelligence and Corporate Affairs.

This expert collaborates with the Mexican company specializing in creating competitive access to raw materials and fuels. According to him, companies that transition from diesel and LPG to natural gas can radically reduce their emissions of carbon monoxide, greenhouse gases and carbon dioxide.

Regarding the production of this energy source in Mexico, the National Hydrocarbons Commission (CNH) estimates that in 2024 the national production of natural gas will amount to 4,083 million cubic feet per day (MCFPD), while imports will reach 6,742 MCFPD. 2

In line with the global trend, domestic greater demand for natural gas will be associated with power generation, followed by its use for private and collective transportation, domestic, commercial and public use, as well as for the industrial sector.

We currently consider natural gas to be a transition fuel. However, because it is safe, environmentally friendly and efficient, it has the potential to remain in the energy basket for the foreseeable future. With the right infrastructure and logistics in place, companies can continue to achieve their economic, social and environmental goals.

Carlos Boone insisted.
The executive added that there are currently comprehensive solutions for large- and small-scale users to have access to this fuel, no matter where they are located. This will contribute to economic spillover and increase the country’s competitiveness in the long term.

1 Global Gas Outlook 2050. Gas Exporting Countries Forum (GECF) https://www.gecf.org/_resources/files/pages/gecf-global-gas-outlook-2050/gecf-gas-outlook-2022.pdf

2 Gas Natural y Seguridad Nacional: Un Reto para México. Comisión Nacional de Hidrocarburos https://www.gob.mx/cms/uploads/attachment/file/485717/05-El_Gas_Natural_y_Seguridad_Nacional.pdf

About our expert

Carlos Boone de Nova, Director of Business Intelligence and Corporate Affairs at ÉNESTAS Raw Materials & Fuels, is a professional with more than 6 years of experience in the field of business intelligence and corporate affairs. Specialized in transforming data into valuable information to drive strategic decision making and manage corporate relationships, he is committed to fostering sustainable growth and business excellence.

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About Énestas

Énestas is a Mexican company specialized in building the infrastructure and logistics necessary to safely, ecologically and efficiently transport raw materials and fuels. Its main objective is to contribute to the development of the countries where it is located, through three business units: terminals, stations and pipeline trading.

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Alberto Farias Cel. +(52) 55 4884 7270 alberto.farias@enestas.com.mx

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Daniel Bernal
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jimena.alcala@prp.com.mx

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