The IEA, headquartered in Paris, said in its "World Energy Outlook 2018" report that energy demand will increase by more than a quarter between 2017 and 2040, assuming energy efficiency is increasing, without doubling this increase in demand, according to Reuters.
According to IEA estimates, global demand for gas will increase 1.6 percent per year by 2040 and will be 45 percent higher than today.
Estimates are based on the IEA "Political Scenario Scenario," which considers emissions reduction legislation and policies, and the fight against climate change, and also starts from the assumption of greater energy efficiency in fuel use, building energy efficiency and other factors.
China, which has become the world's largest importer of oil and coal, will soon become the largest gas importer, and net imports will approach the EU level by 2040, predicting the IEA.
According to Reuters estimates, China has pushed Japan from the position of the world's largest natural gas importer based on data from the Chinese customs administration.
Although China is the third largest user of natural gas in the world, behind the United States and Russia, China must import about 40 percent of its needs because domestic production cannot "accelerate" demand.
Asian developing countries will participate in global gas demand by around 50 percent, and their share in TPG imports will double to 60 percent by 2040, according to the IEA report.
Global demand for electricity will increase 2.1 percent annually, largely due to increased consumption in developing countries. By 2040, electricity will participate with a quarter of the total energy consumption used by end users, such as households and industries.
Coal and renewable energy sources will replace places in the energy mix for electricity production. It is estimated that the share of coal in this mixture by 2040 will drop to a quarter of today by around 40 percent, while renewable energy from the current quarter will increase to a little more than 40 percent.
Carbon dioxide emissions associated with electricity production will continue to grow slowly but remain until 2040. CO2 emissions from the 2017 level, as predicted by the IEA, increased 10 percent to 36 gigatons in 2040, mainly due to increased oil and gas consumption.
This road is "far from step" which, according to scientific knowledge, needs to be taken to deal with climate change, according to the IEA report.