Saturday, June 11, 2011

Are We Entering A Golden Age Of Gas

The future for natural gas is bright. Demand has experienced a strong post-crisis 
recovery, while the North American shale gas boom and expansion of LNG 
trade have made ample supplies available in the near-term and bolstered future 
gas supply prospects. With mounting concerns over energy security and global 
climate change, and renewed debate surrounding the future role of nuclear 
power, these developments merit a deeper investigation of the prospects for, 
and the implications of, a golden age of natural gas. 
This special report in the World Energy Outlook 2011 series examines the key 
factors that could secure for natural gas a more prominent role in the global 
energy mix, and the implications for other fuels and climate change. It features a 
high-gas scenario, examining how natural gas supply and demand could respond 
to new impetus stemming from both market forces and government policies.
With benchmark data and projections at a regional and global level, the report 
provides insights into the:  
 extent of the prospective growth in gas supply and demand;
 impact of increased natural gas use on demand for all competing energy 
 role natural gas could play in facilitating a low-carbon energy economy
and in improving local air quality;
 way gas prices are evolving in different regional markets;
 geographic spread of gas resources;
 likely duration of the current gas glut; and
 implications for global gas trade and for gas-exporting countries

Download report (Pdf) here.......

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