Global gas demand is expected to grow at a rate of 1.6% a year until 2024, fueled by Chinese consumption which will account for over a third of the demand growth during the period, the International Energy Agency said on Friday. China’s push to switch from coal to gas in power generation and natural gas for residential use to improve air quality under its “blue skies” initiative will play a major role in driving demand, the IEA said. China’s gas demand growth is seen at an average rate of 8%, down from the two-digit growth rate in recent years as its economic growth slows, but would still account for around 40% of the global demand increase in the coming years, said […]