Sustainable transformation of the global energy system: Natural gas in focus

Abstract

The global energy system is experiencing a transformation. An analysis of the dynamics of global energy production and consumption indicates that a paradigm shift is occurring toward more reliable and sustainable energy sources with the dominance of natural gas. Even though the reserves-to-production ratio for hydrocarbons is declining, it is natural gas that can ensure the sustainable development of the energy system to meet the growing energy needs of humankind. Natural gas can also significantly reduce the environmental burden. In the medium term, it will be the main source of energy along a gradual transition to renewable energy. Natural gas can serve as a transition fuel within a broader deployment of hybrid energy technologies. Hybridization - the generation of energy using both fossil fuels and renewable energy sources - is one of the most promising areas of energy system development, contributing to a significant reduction in greenhouse gas emissions. In our opinion, hybridization based on natural gas is a "bridge to the future" for the world energy system.