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 3 2015 - Bahrain's USD650m Villamar project to be finalized by 2017MENAFN
(MENAFN) UAE developer Gulf Holding said it will finalize USD650 million Villamar Towers development, one of Bahrain's most delayed projects, by 2017, 11 years after it was first launched.Gulf ...

 Aug 3 2015 - Saudi, UAE hold 75 percent of MENA's investment activityMENAFN
(MENAFN) A financial report shows that UAE and Saudi overpower more than 75 percent of MENA's investment activity by value.The report stated that the mentioned countries accounted for a lower amount ...

 Aug 3 2015 - Jordan receives USD1b Foreign aid in 2015MENAFN
(MENAFN) Official reports said that Jordan received USD1 billion as total foreign aid, since the beginning of this year.The external grants from donors reached USD 632.64 million, while the soft ...

 Aug 3 2015 - Saudi Kingdom Holding net profit up 12.6 percent in Q2MENAFN
(MENAFN) Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 percent rise in second-quarter net profit as its income increased and costs ...

 Aug 3 2015 - Saudi- Mobily swings to second-quarter net loss on Zain disputeGulf Times
(MENAFN - Gulf Times) Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits, swung to a second-quarter net loss yesterday that missed forecasts as it took provisions ...

 Aug 3 2015 - Qatar PPI falls 36.2% y-o-y in May on lower crude and gas pricesGulf Times
(MENAFN - Gulf Times) Led by a double-digit decline in the prices for crude and natural gas as well as refined petroleum products, basic metals and basic chemicals, Qatar's producer price index (PPI) ...

 Aug 3 2015 - UAE- ERC becomes first humanitarian organisation nationwide to receive ISOEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Emirates Red Crescent (ERC) has become the first humanitarian organisation to receive ISO certification 9001/2008 in recognition for its efforts to upgrade ...

 Aug 3 2015 - GCC property sector vulnerable on account of fall in oil pricesGulf Times
(MENAFN - Gulf Times) US home prices rose by 4.9% y-o-y in May 2015, pushed higher by an increase in sales this year. In recent months home sales improved as economy boosts hiring enabling more ...

 Aug 3 2015 - UAE- Emaar Properties records 12% growth in first halfEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Global property developer Emaar Properties PJSC recorded a net profit of AED 2.205 billion (US$ 600 million) during the first six months of 2015 (January to ...

 Aug 3 2015 - UAE- VP urges for cooperation among educational institutions, gets briefed on new academic yearEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has directed boosting a culture of integration, ...

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