CEDIGAZ has just published its 2024 annual report on the global biomethane market which focuses on recent trends in global and regional biomethane markets in 2023. According to CEDIGAZ, global biomethane production expanded to 7.7 billion cubic metres (bcm) in 2022, a growth of 20% compared to 2021, driven by Europe and North America. It is estimated at 9.5 bcm in 2023, an increase of 23%. Driven by strong structural policy and market drivers, the biomethane market is poised for a huge expansion over this decade and beyond. The targets announced by regional and national governments around the world exceed 100 bcm/y by 2030. Reaching this ambitious level requires the adoption of the right policy and regulatory framework, an acceleration of support, and faster permitting, which many governments have put in place in 2023.
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Global LNG in 2023
Shifting Demand Patterns within Europe and Asia amidst Modest Global Supply Increases Driven by the US
In a less tight marked environment than in 2022, the global LNG market reached a new high in 2023, totalling 395.2 mt, an increase of 2% yoy. While European demand, including the United Kingdom and Türkiye, saw a marginal decline of 1% or 1.2 mt, the Asia-Oceania region experienced a modest growth, with imports climbing by 3% or 8 mt.
Canada’s Clean Hydrogen Pathway: Harnessing multiple assets for global leadership
The International Association Cedigaz has just released its Hydrogen Market Review: “Canada’s Clean Hydrogen Pathway: Harnessing multiple assets for global leadership”, which assesses market developments, policies and prospects of the hydrogen industry in Canada. The report also provides information on Canadian clean hydrogen projects.