Sentences with phrase «natural gas demand grows»

Not exact matches

«LNG (Liquefied natural gas) continues to grow at 3 to 4 percent, oil continues to grow at about 1 percent, you've got natural gas growing at 2 percent, as you look long term that supply demand balance is going to be there.

The drivers behind OPEC's forecast include steadily rising economic activity around the world, strong demand for transportation fuels like gasoline and jet fuel and a growing petrochemical industry, which turns byproducts from oil and natural gas into chemicals.

As the world's population grows, the demand for all forms of energy will increase, including demand for oil and natural gas.

Second, natural gas demand in China grew only 3.3 % in 2015.

With growing concerns around the known and unknown consequences of greenhouse gas emissions and climate change on natural systems, food producers are experiencing greater consumer demand for environmental and social credentials as well as various decarbonisation initiatives from governments.

As demand for energy continues to grow, natural gas is becoming increasingly important for New York consumers and businesses.

As fertilizer demand grows, supply is ramping up to meet it, and the U.S. is poised to capture most of that growth — in no small part because of rapid expansion of the nation's natural gas sector over the past four years.

Still, although natural gas is already in wide use and less of an «alternative» than other options, finding new sources to meet growing demand is not without controversy.

Since 1996, demand for oil and natural gas has continued to grow with the expansion and globalization of the world's economy.

In June I heard a report about a new EU - wide study done in the UK that showed clearly that by combining all forms of renewables: wind all over Europe, solar in North Africa, hydo, hydro storage, solar thermal, and demand management, you could meet a slowly growing EU load with almost no natural gas for peaking plants to help level the load.

Boyce observed that coal has been the world's fastest - growing fuel this past decade, with demand growing at nearly twice the rate of natural gas and hydro power and more than four times faster than global oil consumption.

Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second - largest fuel in the global mix after oil.

In a world in which natural gas demand rises by almost 50 % to 2040 and oil consumption continues to grow, the interest in offshore hydrocarbon resources remains strong.

This is why oil giants like ExxonMobil are investing more these days in natural gas, demand for which is expected to grow as electric utilities in Canada, the United States and Europe switch from coal to gas - fired power generation.

A few years ago, there was a lot of talk about a Chinese shale revolution as the country's fast - growing demand for natural gas sparked enthusiasm in the exploration of its...

Production of natural gas from shale regions across the country, along with investments in pipeline infrastructure, allows natural gas to meet the growing demand for clean, affordable electricity.

This is obviously a debatable assumption as one could for instance argue that a more rapid growth in renewable energy could allow for less energy efficiency gains and growing demand for electricity, or perhaps a prolonging of the coal industry at the cost of natural gas.

There's little doubt that oil and natural gas play a critical role in America's energy security and economic wellbeing — and the United States need more of both to meet growing energy demand in the decades to come.

As we seek to increase production of oil and natural gas to meet growing global energy demand, we are committed to mitigating greenhouse gas emissions within our operations.

Natural gas will peak later, because in areas like China, India, sub-Saharan Africa, and particularly in Asia, demand is expected to grow rapidly.

Renewable energy and nuclear contribute almost 40 percent of incremental energy supply, while natural gas grows the most, reaching 25 percent of total demand.

For example, in its new report Shell says «Allowing natural gas rather than coal to grow to meet power demand is the surest, fastest and most comprehensive way there is to reduce CO2 emissions over the crucial next 10 years.

Flat or declining Illinois electricity demand has resulted in an electricity oversupply thanks to Exelon's 11 - plant nuclear fleet, Dynegy and NRG coal fleets, existing, retrofitted, and new natural gas facilities, and a growing wind portfolio, according to Learner.

Where demand for oil is expected to fall in a 2 - degree scenario, demand for natural gas is expected to hold steady or grow.

While there is widespread agreement that the physical market factors of supply and demand are primary contributors to natural gas prices and volatility, there also is growing interest and concern about the influence financial market factors, particularly commodity speculation, have on natural gas prices and volatility.

A couple of the big - picture projections in ExxonMobil's annual global energy outlook: The world's energy needs will grow 25 percent between now until 2040, with oil, natural gas and coal continuing to meet 80 percent of that demand.