Wednesday, April 28, 2010

Shell sees natural gas demand increasing 2%/year and 50% by 2030

In a speech given by Malcom Brinded, Executive Director of Shell, he states that "global gas demand is likely to grow by around 2% per year." He adds, "by 2030, we’re looking at a rise of almost 50%."

Shell sees demand growth coming from the electricity sector. "Natural gas is the cleanest burning fossil fuel and has many other advantages that make it a highly attractive fuel for the electricity sector."

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