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IEA predicts second gas revolution

The IEA suggests that a second revolution in the gas industry is on the horizon, thanks to rapid growth in LNG export capacity The IEA suggests that a second revolution in the gas industry is on the horizon, thanks to rapid growth in LNG export capacity.

By Andrew Walker 16 November 2016 World / LNG 0 22836

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...