Market Chatter: Asia to Drive 20% Global Increase in Gas-Fired Power Capacity by 2030

MT Newswires Live

Apr 17, 2025

Global gas-fired power capacity is set to grow 20% by 2030, reaching 2,300 gigawatts, driven by demand in Asia, especially China and India, Nikkei reported Thursday.

Mitsubishi Heavy Industries (TYO:7011) is investing 50 billion yen to expand gas turbine production, aiming for a 30% capacity increase by 2027, according to the report.

The rise in gas demand is fueled by AI growth and energy security concerns, while interest in green hydrogen has waned due to high costs and slow market expansion, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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