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    New report from NRG Expert reveals that gas prices are set to rise as natural gas becomes the number two energy source after oil

    PRWeb – Wed, Feb 22, 2012

    NRG Expert’s Global Natural Gas Report states that natural gas is set to become the number two fuel in the global energy mix after oil. The EU predicts that demand for natural gas will more than double from 1990 demand levels by 2030, while the International Energy Agency estimates that natural gas will make up 25% of primary energy consumption by 2035.

    London, UK (PRWEB UK) 22 February 2012

    Despite short-term dips, natural gas prices have been increasing since 1999 and are expected to continue to rise. While North American gas prices are expected to remain stable until 2018, “the only way is up” for gas prices for other regions. In its World Energy Outlook 2011, the International Energy Agency projects that natural gas prices will increase further unless USD 9.5 trillion is invested over the next 25 years.


    The United States and Russia are the largest producers of natural gas in the world, reaching 37% of total production in 2010. They are also the largest consumers in the world, causing the United States to become a net importer to meet domestic demand. Other high growth markets for consumption up until 2050 are projected to be South and Central America (4.2%) followed by Africa (2.8%) and the Asia Pacific region (2.7%). Surplus gas reserves – and therefore exports – are expected in the Middle East, the CIS region, North America and Africa.


    “The growth in demand for natural gas is not a recent phenomenon”, according to Max Krangle, Managing Director of NRG Expert. “Natural gas consumption has been growing for over 90 years, first due to the switch from coal and, more recently, due to gas’s lower CO2 emissions compared to oil and coal and its reliability as back-up for intermittent renewable energy sources, such as wind and hydroelectric power.”


    NRG Expert is a London and Toronto based energy intelligence and market research publisher. NRG Expert provides up to date information and analysis of worldwide energy markets, including electricity, natural gas, coal, nuclear, renewable energy, water and waste, and all elements of energy infrastructure. To find out more about NRG Expert reports and databases please visit http://www.NRGExpert.com.

    ###

    Edgar van der Meer
    NRG Expert
    +1 (416) 840-5847
    Email Information


     

    1 comment

    • Mullitover
      Mullitover  •  3 mths ago
      Let's all be civil. Quit buying Iranian gas. We have to do it ourselves. Take the bull by the horns!
      BUY AMERICAN GASOLINE. See list below.

      Are you aware that the Mid East are boycotting American products? In addition, they are gouging us on oil prices.
      Shouldn't we return the favor? Can't we take control of our own destiny and let these giant oil importers know who REALLY generates their profits, their livings? How about leaving American Dollars in America and reduce the import/export deficit?
      An appealing remedy might be to boycott their GAS. Every time you fill up your car you can avoid putting more money into the coffers of Saudi Arabia, Iran ,Syria... Just purchase gas from companies that don't import their oil from the Mid East.
      Nothing is more frustrating to me than the feeling that every time I fill up my tank, I'm sending my money to people who I get the impression want me, my family and my friends dead. The following gas companies import Middle Eastern oil:

      Shell.................................... 205,742,000 barrels
      Texaco..................... 144,332,000 barrels
      Exxon /Mobil........................ 130,082,000 barrels
      Marathon/Speedway............. 117,740,000 barrels
      Amoco................................... 62,231,000 barrels
      And CITGO oil is imported from Venezuela by Dictator Hugo Chavez who hates America and openly avows our economic destruction! (We pay Chavez's regime nearly $10 Billion per year in oil revenues!)

      The U.S. currently imports 5,517,000 barrels of crude oil per day from OPEC. If you do the math at $100 per barrel, that's over $550 million PER DAY ($200 BILLION per year!) handed over to OPEC, many of whose members are our confirmed enemies!!!!! It won't stop here - oil prices could go to $200 a barrel or higher if we keep buying their product.

      Here are some large companies that do not import Middle Eastern oil:
      Sunoco..........................0 barrels
      Conoco.........................0 barrels
      0ASinclair......................0 barrels
      BP / Phillips................. 0 barrels
      Hess...............................0 barrels
      ARC0..............................0 barrels
      Maverick........................0 barrels
      Flying J.........................0 barrels
      Valero..........................0 barrels
      Murphy Oil USA *.........0 barrels
      *Sold at Wal-Mart , gas is from South Arkansas and fully USA owned and produced.
      *Not only that but they give scholarships to children in their town who finish high school and are legal US citizens..

      All of this information is available from the U.S. Department of Energy and each company is required to state where they get their oil and how much they are importing.
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