Natural Gas Golden Age

The announcement made by the IEA (International Energy Agency) gas is about to enter a “golden age” has caused a stir on the global energy market. Increasing supply from unconventional sources such as shale gas and an unexpected surge on demand are the major factors that could trigger natural gas golden age.

Despite the optimistic predictions by the IEA that says global consumption of natural gas could rise by more than 50% over the next 25 years, experts’ opinions differ about this possible “golden age of gas”. Here is what the major news sources and authors published about it so far:

BBC

“Increasing gas supply and demand for the fuel could set off a “golden age of gas”, the International Energy Agency (IEA) has said.” – BBC, International Energy Agency says gas in golden age

Financial Times

“The natural gas market is entering a golden age on the back of increasing global demand.  So proclaims the International Energy Agency, the western countries’ watchdog. But the natural gas pricing system remains, for now, largely in the dark ages.” – Javier Blass, Golden age of gas may be a call to soon (registration required).

Wall Street Journal

“The global natural gas market is in the midst of a revolution that has huge implications for the future of energy.” – Guy Chazan, Natural Gas Entering Golden Age

Forbes

“…the Golden Age depends on the price of natural gas falling as other traditional energy sources climb. The problem, as Javier Bras writes in today’s Financial Times, is that “the price of the commodity in key regions, including much of Europe and Asia, will remain anchored in decades-old practices: long-term contracts indexed to the cost of oil or refined oil products.” – Osha Gray Davidson, In Depth: A ‘Golden Age’ for Natural Gas?

Bloomberg

“A golden age for gas hinges on the industry’s ability to address this issue,…. Gas producers must use the latest technology to find solutions to the problems for gas to reach its potential as a fuel.  New technology may boost future prices,….” – Ben Farey, Natural-Gas USe May Increase 50 Percent by 2035 in ‘Golden Age,’ IEA Says

We want to hear from you now. Is natural gas entering a golden age? If so what do you reckon it will have to household and business gas prices here in the UK?

If you would like more information on our range of business gas services or would simply like to find out how this could benefit your business, simply call our energy team today on 0870 710 7560 or request a call back at time to suit.

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