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FINANCIAL NEWS
ME expected to record fastest gas consumption in 2 decades
10 Nov 2013
(MENAFN) The Middle East, China, Africa and India’s demand for natural gas is expected to increase in the following years, Saudi Gazette reported.
A Business Pulse Oil and Gas report recently released by EY said that natural gas is expected to form 25 percent of the world’s energy demand by 2035.
EY’s Middle East and North Africa Oil & Gas Leader said: “Natural gas is seen as a potentially cleaner replacement for coal and also as a ready replacement for nuclear power in countries which have phased out nuclear power due to public concerns.”
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