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 re

Also in this section
An enormous opportunity
26 August 2016
Coal and oil will be the mainstays of Indian energy demand for decades, but gas and renewables can play a bigger role than many expect
Help is at hand
26 August 2016
India has revamped some upstream terms, much to the industry’s relief
Latest licensing rounds
24 August 2016
With projects stopping and starting, it's important to keep abreast of what's coming up in the upstream