Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QNB Group: Natural Gas to Outpace All Other Energy Sources Until2035  Join our daily free Newsletter

MENAFN - Qatar News Agency - 16/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Natural gas is expected to be the fastest growing energy source until 2035, according to the latest BP Energy Outlook 2035. Between 2012 and 2035, natural gas demand is expected to grow by an average 1.9% per year, outpacing all other energy sources. This is likely to lead to higher natural gas prices, including for LNG. Qatar is the world's largest exporter of LNG. The BP report forecasts that global energy consumption will grow by 41% from 2012 to 2035. Over 95% of this demand growth is projected to come from emerging markets, including China and India, with the share of total of these countries accounting for about a quarter by 2035. Meanwhile energy use in the members of the Organization of Economic Cooperation and Development (OECD) grouping all advanced economies is expected to grow slowly and begin to decline in the later years of the forecast period. Indeed, the OECD countries are becoming more fuel efficient, by generating more income out of each unit of energy, thus resulting in a slowdown in their energy demand. The transition from industrial to service economies, increased global integration, the tradability of fuels across border and continued technological improvement, as well as the removal of fuel subsidies and policies geared toward fuel efficiency, all suggest that energy intensity will continue to decline. To respond to higher global energy demand, the supply mix is evolving in favor of natural gas. Fossil fuels will continue to be dominant according to the report. Oil, gas and coal are expected to converge on market shares of about 26-27% each by 2035, and non-fossil fuels, namely, nuclear, hydroelectricity and renewable, on a share of around 5-7% each. Among fossil fuels, natural gas is growing fastest as it is increasingly being used as a cleaner alternative to coal for power generation as well as in other sectors. At the same time, the share of coal is forecast to diminish rapidly. It is currently the largest source of volume growth, but by 2025 coal is expected to add less volume than oil and only just ahead of hydroelectricity. This will primarily reflect the shift away from coal-intensive electricity production in China in favor of natural gas powered electricity generatio

 


Qatar News Agency




  MENA News Headlines
 Aug 31 2015 - Alleged Ansar Beit Al-Maqdis member killed in CairoDaily News Egypt
(MENAFN - Daily News Egypt) student, named as Ahmed Abdel Hakim, was killed Saturday on suspicion of being a member of the extremist group Ansar Beit Al-Maqdis, the Ministry of Interior ...

 Aug 31 2015 - Egypt- To those who will not read these wordsDaily News Egypt
(MENAFN - Daily News Egypt) I've often stared at a blank page recently, just as blankly as the uniform whiteness looked back at me, as I thought how to smear it with something meaningful. My words ...

 Aug 31 2015 - Egypt- Implementation of 3 roads in national plan progressesDaily News Egypt
(MENAFN - Daily News Egypt) The implementation rate of the three EGP 3.5bn roads that are under construction has increased, as part of the national plan for developing the road network, Minister of ...

 Aug 31 2015 - Egypt- Eni invests $7bn to develop Shorouk in 3 yearsDaily News Egypt
(MENAFN - Daily News Egypt) Italian oil company Eni aims to invest around $7bn during three years to excavate the privilege area of Shorouk in the deep waters of the Mediterranean Sea.The petroleum ...

 Aug 31 2015 - Jordan- 8,000 Syrian refugee students in Mafraq schoolsJordan News Agency
(MENAFN - Jordan News Agency) Some 8,000 new Syrian refugee pupils are enrolled in government schools in Mafraq, joining tens of thousands of Jordanian peers in schools in the northern district as ...

 Aug 31 2015 - India- Flipkart customers to get refund within 24 hours nowKNN India
(MENAFN - KNN India) Flipkart customers will now get refunds as early as within 24 hours of returning the product as the e-commerce giant today launched its instant refund mechanism facility. ...

 Aug 31 2015 - 'Make in India' should also focus on 'Make in India Strategies for Indian healthcare': Jitendra SinghKNN India
(MENAFN - KNN India) India's healthcare sector is expected to be USD 280 billion in size by 2020, growing at a compound annual growth rate of 16 per cent, but it is in "dire need" of right policy ...

 Aug 31 2015 - Jordan- King, Abbas discuss efforts to jumpstart Mideast peace processJordan News Agency
(MENAFN - Jordan News Agency) His Majesty King Abdullah II met Palestinian President Mahmoud Abbas Sunday to discuss efforts to kickstart the stalled Palestinian-Israeli peace process and pledged to ...

 Aug 31 2015 - Israeli Occupation Authorities Arrest Two PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces today arrested two Palestinians and caused many citizens to suffocate during the suppression of a peaceful demonstration which started in the ...

 Aug 31 2015 - Reliance Group to explore QatarThe Peninsula
(MENAFN - The Peninsula)The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani meeting Anil Dhirubhai Ambani Chairman of Reliance Group yesterday in Doha. ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help