Commodities : Gas
Gas demand :
The gas is in the category of energy. It has several uses:
- Domestic: Natural gas is one of the main outlets
- Market Applications: Natural gas is used by service providers (restaurants, hotels, medical facilities, offices, etc..) Or as fuel by the automobile industry
- Industry: The gas is used in the processing of certain products
- Electricity: The natural gas fueling power plants
- Fuel Cells: The gas can then produce electricity
Natural gas accounts for nearly one quarter of global energy consumption. The total world consumption has accounted for about 2850 billion cubic meters in 2006.
Gas Supply :
The two main producers are North America and the former Soviet Union, which together represent more than half of world production. Total world production in 2006 was of 2.865 trillion cubic meters.
Gas Evolution :
In the coming years, we expect a growth in global demand including Asia which will gradually become the biggest consumer of gas. An increase in production will therefore ensue. Many projects have also already been initiated. No shortage is currently discussed even at very long term because of new techniques for exploration or mining discoveries are constantly making it possible to increase the level of known reserves. Natural gas is present in significant quantity on the planet.