Global gas demand to rise at 2% per year: Shell

14:10, April 23, 2010      

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Global gas demand will witness continuous rise at an increasing pace of 2 percent a year over the next 20 years, a senior executive of Royal Dutch Shell said Thursday at an oil conference here.

Malcom Brinded illustrated the projection of gas demand at the conference, saying it set to grow "by at least 2 percent a year over some decades," which will be driven by higher demand from China, several South and Middle Asian countries and the Europe.

Conclusively, by 2030, the world leading gas exploiters "look at gas demand hitting 4.5 trillion cubic meters of gas per year ... That's 50 percent up from today's level," Brinded said.

Global demand of liquefied natural gas is expected to double this decade, he said, predicting China's demand to double or treble by 2020.

Based on data from the International Energy Agency that available gas reserves allow 250 years of production, Brinded considered the market was very promising and encouraged more investment and technology to devote for the sector.

First held in 1999, the International Oil Summit is organized each year in Paris to facilitate participants in energy sectors, especially the oil market, to exchange ideas and share assessment of current international situation and future market.

The 11th one-day summit, hosted by French Petroleum Institute, was under the theme of "New Challenges for the Petroleum-Gas Sector."



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