Exploration & Production

Gas production growth outpaces demand in 2017 – BP

BP's latest statistical review shows strong growth in global gas consumption as the fuel helps to meet rising demand for energy BP's latest statistical review shows strong growth in global gas consumption as the fuel helps to meet rising demand for energy.
By Andrew Walker 14 June 2018 0 31305
Gas consumption by region
Gas production by region

Global gas consumption grew by 2.7% year on year in 2017, marking the fastest growth since 2010, according to the 2018 BP Statistical Review of World Energy, published on Wednesday. However, gas production worldwide grew by 3.7% in 2017, with major increases in Russia, Iran and Australia. Production increased by 131 billion cubic metres while demand was up by only 96 bcm.

Gas demand is set to see strong...