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Commodities Briefing - Categorized | Energy, Oil, Trading more

China predicted to become third largest gas importer - IEA report

Posted on 08 June 2012

According to a new report released by the International Energy Agency (IEA) on June 5, 2012, China will become the third-largest gas importer behind Europe and Asia Oceania, driving a 2.7% average annual growth in global gas demand through 2017.
The report, Medium-Term Gas Market Report 2012, released at the World Gas Conference 2012 mentions that China will more than double consumption over the next five years while lower prices from the unconventional gas revolution will continue to benefit the United States………………………………………..Full Article: Source


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