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World could enter 'golden age of gas' by 2035
- Middle East: Tuesday, June 07 - 2011 at 09:26
The International Energy Agency (IEA) has said increasing gas supplies from unconventional sources could encourage demand to rise to levels exceeding coal by 2030 and coming close to oil by 2035 if certain conditions are met, Reuters has reported. If governments introduce sound environmental regulation and companies implement what the IEA calls golden standards of practice around unconventional production, gas could become so important that the world could enter a "golden age of gas," the agency said.
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