In the United States, new production from once hard-to-tap shale rock is booming in places like Texas, Louisiana and the Northeast. There are also plans to construct a mammoth gas pipeline through Canada to bring Alaskan North Slope gas to market.
In Australia and Qatar, liquefied natural gas terminals have started supplying fast-growing Asian countries, and more are under construction.
In Africa, rich natural gas deposits off the coast of Angola are slated for both the domestic market and export to Europe, which still gets a big part of its supply from Russia’s huge reserves. Plans are also underway to supply both Europe and Asia with the sizable gas reserves in Iran and Iraq.
Forecasting agencies, long known to play it safe before touting new trends, are only predicting a modest increase in gas’ share of the world’s overall energy mix by 2030.
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