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      "text": "The regional shift of gas demand to Asia is expected to continue, as China's role of demand-growth engine is taken over by Southeast Asia after 2030. China's gas consumption is likely to be supported by coal-to-gas switching and the role of CCUS in power and industry. Almost all additional demand for imported gas is supplied by LNG, which is projected to lead to a growth of 20–70% in 2050 compared to 2019, depending on the scenario.",
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      "text": "Gas demand is projected to grow by 10% in the next decade in all scenarios. After 2030, gas projections diverge across scenarios driven by increasing decarbonization pressure in buildings and industry. The demand for gas is projected to be more resilient than for other fossil fuels. Its share in primary energy demand is expected to decline from 23% today to 23–15% by 2050. In the Achieved Commitments scenario, the remaining gas demand in 2050 is due to countries without net-zero commitments, carbon offsets, or the deployment of CCUS, which explains 54%, 15%, and 31% of gas demand respectively. Relatively robust absolute gas demand translates into a reducing role of gas in providing heat and power due to high growth of low-carbon alternatives in these sectors.",
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      "text": "Gas has gradually increased its share in the energy mix and is expected to play a key role throughout the transition with its wide range of applications. The global gas price rally in 2021 was supported by high gas demand due to rapid economic recovery and unexpected weather conditions, and a lower supply due to unexpected outages and underinvestment. Uncertainty around the pace and shape of the energy transition may impact the volatility in gas prices and lead to even more pronounced investment cycles. Going forward, gas could play a new role in blue hydrogen and ammonia production, and gas infrastructure could be repurposed for low-carbon fuels such as hydrogen and biogas, or CO2 transportation for CCUS.",
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      "text": "Gas demand is projected to peak by 2035. Demand growth in power and industry, particularly in Asia, may eventually be offset by decline, especially in buildings. Gas demand in power is set to grow strongly until between 2035 and 2040, after which it is projected increasingly to play the role of back-up to renewables. Long-term gas demand is likely to be supported by industry (for high-temperature heat and chemicals), particularly in Asia. Gas demand in buildings is expected to decline after 2025. The decline will likely be driven by increased insulation, electrification, and usage of green gases such as hydrogen or biomethane.",
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      "text": "Source: McKinsey Energy Insights Global Energy Perspective 2022",
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