North America entering dawn of ‘golden age’ of natural gas

Jun 05, 2012 | 02:47 PM | Michael Cowden

Tags  International Energy Agency, Maria van der Hoeven, natural gas, LNG, exports, China, North America, former Soviet Union Poland

TORONTO — Low natural gas prices should see gas generate as much electricity as coal in the United States by 2017 as North America enters a "golden age" of natural gas production, according to a recent report by the International Energy Agency (IEA).

The next five years could also see China more than double its consumption of natural gas, while the unconventional gas "revolution" in the United States should see the nation continue to benefit from low gas prices, the IEA said.

"The golden age of gas has dawned in North America, but its continued expansion worldwide depends on producing gas and bringing it to market in a way that is friendly to investors and to society as a whole," IEA executive director Maria van der Hoven said in statement Tuesday.....

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