Sun 22 Dec 2024 | 21 December 2024

Gas plays a vital role in energy transitions

GECF secretary general Yury Sentyurin said gas plays a vital role in energy transitions toward sustainable development

At the opening of the 2nd International Gas Seminar of the Gas Exporting Countries Forum (GECF), he said global natural gas use was slated to double by 2050, Iran"s SHANA news agency reported

"Our main message is that natural gas is the destination fuel and will play a central role in energy transitions. We will continue to defend the position of the Forum on benchmark prices, stressing that oil indexation is still the optimum choice for buyers and sellers of gas," H.E. Yury Sentyurin, said during the Seminar.

According to the GECF"s Global Gas Outlook Model, natural gas will be the only hydrocarbon resource to increase its share in the global energy mix, remaining the fastest-growing fossil fuel

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