gulfnews : In the Pipeline: Entering the golden age of natural gas

Last week I discussed The International Energy Agency's (IEA) report 'Are we entering a golden age of gas?' where natural gas demand outlook was presented.

On the supply side, the OECD region's supplies are likely to increase from 1,157 billon cubic metres (bcm) in 2008 to 1,404 bcm in 2035 with a decline in the production of Western Europe. The non-OECD region supply growth is expected to be from 2010 bcm in 2008 to 3,728 bcm in 2035.

The Middle East supply is likely to grow from 393 bcm in 2008 to 917 bcm in 2035. This is not surprising considering the great oil and gas potential of the region. While conventional gas is expected to contribute an additional 1.1 trillion cubic metres (tcm) to gas supplies in 2035, non-conventional is expected to contribute 0.8 tcm.

* username: rupertbu