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Middle Eastern Demand for Natural Gas Will Grow in Next Five Years
Jun. 05, 2012 10:21PM PST
Oil and Gas InvestingBloomberg reported that according to International Energy Agency, the Middle Eastern demand for natural gas will grow over the next five years.
Bloomberg reported that according to International Energy Agency, the Middle Eastern demand for natural gas will grow over the next five years.
As quoted in the market news:
The IEA expects Middle East gas demand to rise by 79 billion cubic meters (bcm) or 20 percent from 2011 to 2017, outstripping incremental supply in the region by 7 bcm as low gas prices encourage consumption and discourage production.