Year when the maximum rate of gas production is reached
Further information: Gas depletion and Hubbert peak theory
Peak gas is the point in time when the maximum global natural gas (fossil gas) production rate will be reached, after which the rate of production will enter its terminal decline.[1] Although demand is peaking in the United States[2] and Europe,[3] it continues to rise globally due to consumers in Asia,[4] especially China.[5][6] Natural gas is a fossil fuel formed from plant matter over the course of millions of years. Natural gas derived from fossil fuels is a non-renewable energy source; however, methane can be renewable in other forms such as biogas. Peak coal was in 2013, and peak oil is forecast to occur before peak gas.[7] One forecast is for natural gas demand to peak in 2035.[8]
The concept of peak gas follows from Hubbert peak theory, which is most commonly associated with peak oil. Hubbert saw gas, coal and oil as natural resources, each of which would peak in production and eventually run out for a region, a country, or the world.
^Bulls now talking up "Peak Gas" as new cause for long-term concern, Natural Gas Week, 03-06-06
^Malik, Naureen; Eckhouse, Brian; Merrill, Dave; Lin, Jeremy C. F. "Has Natural Gas Peaked? Demand is Falling Decades Ahead of Expectations". Bloomberg.com. Retrieved 3 May 2021.
^Simon, Frédéric (16 April 2021). "Gas overtakes lignite as Europe's largest source of power emissions". www.euractiv.com. Retrieved 3 May 2021.
^"Indian gas demand to soar but challenges ahead: IEA". www.argusmedia.com. 9 February 2021. Retrieved 3 May 2021.
^"Commodities 2021: China's natural gas demand set to hit new record | S&P Global Platts". www.spglobal.com. 7 January 2021. Retrieved 3 May 2021.
^Tsuneoka, Chuin-Wei Yap and Chieko (5 March 2021). "China's Pursuit of Natural Gas Jolts Markets and Drains Neighbors". Wall Street Journal. ISSN 0099-9660. Retrieved 3 May 2021.
^Flowers, Simon (31 July 2020). "Decarbonisation and peak gas demand". www.woodmac.com. Retrieved 21 November 2020.
^"DNV-GL report looks toward peak gas, nuclear, and total power". www.power-technology.com. 10 September 2020. Retrieved 3 May 2021.
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