As the U.S. continues to see natural gas emerge as the fuel of choice, a new report suggests that the energy source could see similar success on a global scale.
This week, the IEA released a report entitled “Golden Rules for a Golden Age of Gas” that suggests the global energy picture could shift dramatically in favor of NatGas over the next two decades.
If the energy industry can begin to tap into gas reserves in other countries around the world and continue to develop resources in the current big shale gas producers like the U.S. and Canada, the IEA estimates that global production could rise as much as 50 percent from 2010 to 2035.
Natural gas could account for around one-quarter of all energy consumption in the world. In the process, the fossil fuel would pass coal to become the second-largest source of energy in the world, trailing only oil.