Supply & Demand

The golden age of industrial gas

Industrial demand, not power, appears to be the main driving force behind the latest growth in the global gas market Industrial demand, not power, appears to be the main driving force behind the latest growth in the global gas market.
By The Wildcat 14 July 2017 0 26766
The IEA expects industry to drive future gas demand growth. (Microsoft)

The International Energy Agency’s (IEA’s) claim back in 2011 that the world was entering ‘a golden age of gas’ seems justified, at least from a supply perspective. A rapid uptick in liquefaction capacity, mostly led by the United States and Australia, means the global gas market is now over-supplied, and recent geopolitical posturing in the Middle East suggests there is plenty more to come. Suppliers are rushing to bring projects online, but they face a race to open up pockets of demand. Meanwhile, much...