A recent report published by the IEA (International Energy Agency) entitled "Are we entering a golden age of gas? " sparked a series of discussions across the globe about the future of gas. Many energy market experts came forward to express their opinions and thoughts about the report which led me to right this article.
The IEA report says that the discovery of new reservoirs in South america, Middle East and Central Asia, the supply from unconventional resources such as shale gas and the unpredicted increase in demand are the major factors that will make natural gas enter a golden age.
According to the IEA global consumption will rise by more than 50% over the next 25 years accounting for a quarter of the world