GE: The Age of Gas is Upon Us

GE: The Age of Gas is Upon Us

Natural gas is poised to play a far greater role in the world’s energy mix, threatening to supplant oil and coal in many areas of industrial activity as well as in transportation and in the home, according to a report recently published by General Electric Co. In fact, the report  anticipates global gas consumption will increase by more than a third of its current global consumption by 2025.

The findings of the GE report – “The Age of Gas & the Power of Networks” – echo a conversation that Rigzone had with Martin Haigh, energy advisor at Royal Dutch Shell plc’s Scenarios unit, a year ago. Back then, Haigh said that his team had identified that gas was set to play a more important role in world energy markets, driven both by the shale gas revolution and by the inherent flexibility of gas as a fuel. Indeed, Shell itself became a “gas company” rather than an “oil company” for the first time in 2012 as its gas projects had grown to represent more than half of its portfolio of energy assets.

GE: The Age of Gas is Upon Us


12345

View Full Article

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
Pricing Analyst - Amarillo, TX Job
Expertise: Accounting|Budget / Cost Control|Cost Engineer
Location: Amarillo, TX
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours