IEA predicts second gas revolution

By Andrew Walker 16 November 2016
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Cameron LNG in the US. The volume of LNG due to hit markets will cause a ‘revolution’, the IEA says. (GDF Suez) Cameron LNG in the US. The volume of LNG due to hit markets will cause a ‘revolution’, the IEA says. (GDF Suez)

The International Energy Agency (IEA) has said it expects that a 30% increase in LNG export capacity over the coming decades will revolutionise the gas market and encourage substantial demand growth.

The organisation made the claim in its latest World Energy Outlook (WEO), published on Wednesday. The first ‘revolution’ was the huge rise in unconventional gas production in North America, and the second will come with the release of these volumes onto the global market as LNG, according to Fatih Birol, the IEA’s executive director, speaking at the launch of the report.

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