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CEDIGAZ Reference Scenario, which incorporates national energy plans and INDC commitments. Natural gas demand grows by 1.4%/year between 2016 and 2040 and plays a growing role in the energy mix at the expense of the other fossil fuels. The gradual shift from coal and oil to natural gas and renewables helps reduce the carbon intensity of the energy system as electrification and decarbonisation accelerate over the projection period. The expansion of natural gas markets is supported by abundant and competitive conventional and unconventional resources, as well as a very rapid growth of spot and flexible LNG trade.

CEDIGAZ 2017 perspectives on gas markets to 2035