Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
Global Natural Gas Consumption Regains Momentum
by Staff Writers
Washington DC (SPX) Dec 23, 2011


Reenergized global gas demand drove average prices up from their 2009 lows in nearly all markets. According to one index, the U.S. saw a 13 percent price increase over 2009 levels. Prices remained the highest in Asia, where consumption increased most rapidly between 2009 and 2010.

Driven by surging natural gas consumption in Asia and the United States, global use of the form of fossil fuel rebounded 7.4 percent from its 2009 slump to hit a record 111.9 trillion cubic feet - in 2010, according to a new Vital Signs Online report from the Worldwatch Institute. This increase puts natural gas's share of total energy consumption at 23.8 percent, a reflection of new pipelines and natural gas terminals in many countries.

The world's largest incremental increase in natural gas use occurred in the United States, where low prices triggered a 1.3 trillion-cubic-feet increase to 24.1 trillion cubic feet, just over one-fifth of global natural gas consumption.

But the Asia Pacific region experienced the strongest growth as a share of 2009 consumption levels, with China, India, South Korea, and Taiwan all experiencing demand growth of over 20 percent. China, which surpassed Japan in 2009 to become Asia's largest natural gas consumer, by and large led the region's growth spurt by consuming 3.9 trillion cubic feet, or 3.4 percent of world usage.

The former Soviet Union, which experienced the largest regional decline in natural gas consumption in 2009, saw its demand bounce back by 6.8 percent in 2010. Russia, the world's second largest natural gas consumer, single-handedly accounted for 70 percent of regional growth.

In the European Union, natural gas consumption increased by 7.4 percent; however, the EU's share of global natural gas consumption is on the decline. The Middle East, which is home to some of the richest natural gas resources in the world but lacks the proper infrastructure to facilitate much domestic consumption, saw a 6.2 percent rise in natural gas demand.

Natural gas producers have responded to this revived demand with a 7.3 percent boost in production. The United States maintained its position as the leading source of natural gas, accounting for just under one-fifth of the world's total production in 2010.

In Russia, which holds nearly a quarter of the world's proved natural gas reserves, production jumped 11.6 percent. In the Middle East, growth in production of natural gas far outstripped that of consumption, rising by a full 13.2 percent. Last year, Qatar and Iran alone accounted for 29.4 percent of global proved reserves.

Reenergized global gas demand drove average prices up from their 2009 lows in nearly all markets. According to one index, the U.S. saw a 13 percent price increase over 2009 levels. Prices remained the highest in Asia, where consumption increased most rapidly between 2009 and 2010.

The European Union, where prices fell 6 percent, proved to be the exception to this trend, thanks to an excess of liquid natural gas originally intended for U.S. markets.

Two major developments this year have significantly affected the stability of global natural gas markets.

The political unrest brought about by the "Arab Spring" slowed production in a number of gas-producing countries in North Africa. Additionally, the disaster at Japan's Fukushima Daiichi nuclear plant has led countries around the world to reconsider their dependence on nuclear power.

"Natural gas is likely to play a major role in filling the gap left by idled and phased out nuclear plants," write report authors Saya Kitasei and Ayodeji Adebola. "The unanticipated spike in public opposition to nuclear power can only increase global natural gas demand in the coming decade."

Further highlights from the study:

+ The share of global natural gas trade represented by liquified natural gas (LNG) surpassed 30 percent in 2010 for the first time on record.

+ Russia maintained its status as the world's leading exporter of natural gas, accounting for 27.5 percent of global pipeline trade.

+ Gas flaring, or the burning of excess gas, is on the decline in Nigeria but remains a substantial environmental threat in many countries around the world. It is estimated that 5 percent of global natural gas production is flared annually.

.


Related Links
Worldwatch
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Rush to clean major oil spill from Shell field off Nigeria
Lagos (AFP) Dec 22, 2011
Authorities rushed to prevent one of Nigeria's worst recent oil spills from reaching the West African nation's shoreline on Thursday, with production from a major Shell field also shut due to the leak. Shell, which said the leak has been stopped, has estimated that less than 40,000 barrels of crude have spilled into the sea and deployed ships with dispersants to attack the slick. Planes were ... read more


ENERGY TECH
Peres promotes Israeli moon probe

Hundreds of NASA's moon rocks missing: audit

Schafer Corp Signs Licensing Agreement with MoonDust Technologies

Russia wants to focus on Moon if Mars mission fails

ENERGY TECH
Meteorite Shock Waves Trigger Dust Avalanches on Mars

Opportunity at One of its Two Winter Spots

Scientists find microbes in lava tube living in conditions like those on Mars

MARSIS Completes Measurement Campaign Over Martian North Pole

ENERGY TECH
Astrophysicist John Grunsfeld to Head NASA Science Directorate

A Brighter Future for Spaceflight

Goddard Scientists Selected as Participating Scientists in Mars Lab and Cassini Missions

Mankind faces long road in space exploration

ENERGY TECH
Tiangong-1 orbiter starts planned cabin checks against toxic gas

China celebrates success of space docking mission

Two and a Half Men for Shenzhou

China honors its 'father' of space efforts

ENERGY TECH
NASA 'Smart SPHERES' Tested on ISS

Russia sends multinational crew to ISS

As Soyuz Rolls ISS Crew Work On Science

ESA astronaut Andre Kuipers Ready For Launch To ISS

ENERGY TECH
Russian satellite crashes into Siberia after launch

Next ESA Astronaut Ready For Launch As Soyuz Rolls Out

Acra Control Proven in Low Earth Orbit

Vega moves closer to its first liftoff

ENERGY TECH
Astronomers discover deep-fried planets

Two new Earth-sized exoplanets discovered

NASA Discovers First Earth-Size Planets Beyond Our Solar System

Exo planets that survived red giant stage found

ENERGY TECH
Landmark discovery has magnetic appeal for scientists

New Take on Impacts of Low Dose Radiation

USAF Hosted Payload On SES Satellite Completes Initial On Orbit Tests

Astrium and Vizada become a world leader in satellite communications services




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement