Qatar: Peak Natural Gas Demand To Occur Around 2040

One of the world’s largest liquefied natural gas (LNG) exporters, Qatar, expects global natural gas demand to peak at some point around 2040, Bloomberg reported on Monday, quoting a bond prospectus of Qatar Petroleum it had seen. According to Qatar’s state-owned giant, worldwide natural gas demand still has two decades to grow, unlike the International Energy Agency (IEA), which warned in its Net Zero by 2050 report last month that in a scenario of net-zero emissions by 2050, the world doesn’t need any new oil and gas field developments…