Special Report on 'Natural Gas' from The Economist

I had read somewhere that 19th century was dominated by COAL, 20th by OIL and 21st will be dominated by NATURAL GAS and it seems we are moving in the same direction. ‘The Economist’ has recently released a special report on Natural Gas. It says that new sources of gas could transform the world’s energy markets – but it won’t be quick or easy. Here is the link to the report.

Key 10 one-liners for you from this report –

1) An unexpected boom in Shale Gas in the US will spread across the globe which will add to gas supply
2) Because of high transport costs, only 1/3 of all gas is traded across borders, compared with 2/3 of oil
3) Other commodities fetch roughly the same price the world over, but gas has no global price
4) World might have gas for next 200 years against earlier estimation of 50 to 60 years
5) Better technology and high oil prices are helping natural gas
6) Share of gas in the global energy mix will rise from 21% today to 25% in 2035
7) Natural Gas is a flexible fuel – Wide range of uses: Domestic, Boilers, Power Generation, CNG, plastic, fertilizers etc.
8) Gas Markets are regional
9) Unknown Gas Treasures: Not just America but parts of Europe, China, Argentina, Brazil, Mexico, Canada and several African countries
10) Visualization – Remaining recoverable natural gas resources:

Let there be Gas! :)