Ralph Wilson/AP All current projections point to natural gas as the fastest-growing fossil fuel in the energy mix for decades to come. All of Big Oil’s five are betting on natural gas in the future. Until 2022, the IEA sees gas gaining a firmer foothold in South and East Asia as the availability of ample, competitively priced supply would help to expand opportunities. Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas in their production portfolios.
Similar Stories to The Natural Gas Market Is Set To Boom on Bing News
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Wed, 10/18/2017 - 6:43pm
Topics: ralph wilson/ap lower-for-longer big oil bloomberg gadfly there&rsquo natural shell&rsquo patrick pouyanne says that total bp plans on international energy agency iea gw alex dewar boston consulting group&rsquo energy impact bloomberg&rsquo the lng u.s ldquo;this lng thailand jordan,&rdquo gas dewar industry ldquo;in india bangladesh global watch big oil&rsquo iea south east asia denning the iea china lng pakistan market boom growth demand fuel renewables current percent prices future projections compared sees generation fossil coal power annually opportunities price expected foothold expand priced increase cleaner capacity term supply production competitively betting bridge gaining pollution ample firmer depends glut carbon building availability point mix decades strong business fastest-growing countries grow years portfolio import
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