Related Articles
Forward article link
Share PDF with colleagues

Gas golden age hinges on frack standards

IEA sees unconventional future depending on wider acceptance

A “GOLDEN age” of increased gas production and consumption depends on unconventional gas gaining wider acceptance, the International Energy Agency (IEA) said today. Global gas use could rise more than 50% to 5.1 trillion tonnes by 2035, meeting more than 25% of energy demand, according to the IEA’s new gas report. Gas is also forecast to overtake coal by 2030, with unconventional gas expected to meet 40% of demand during “the golden age of gas” – but only if hydraulic fracturing (fracking) is embraced. “The golden age of gas hinges on, among other things, whether or not the gas industry is able to address this issue,” Fatih Birol, IEA chief economist, said. “And if strict regulation and be

Also in this section
Latest licensing rounds
23 February 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Pertamina unleashed
21 February 2017
Back outside Opec again, Indonesia's oil and gas giant will spend heavily
Guyana's new crude frontier?
1 February 2017
The Liza oil find offers the promise of an economic boost for the country but the government must plot its course carefully