World gas supply and demand: 1980-2020. Based on a study by the International Gas Union Force II

Book · Fri Jan 01 04:00:00 EST 1982

OSTI ID:6523489

Fish, L W; Kalisch, R B; Wingenroth, J L; Kirk, S R; Meeder, J F

If world oil prices and economic growth rates rise moderately (2%/yr) as assumed by the International Gas Union's Task Force II, world natural gas demand could increase from 1980's level of 52 quadrillion Btu to 74 quads by 1990 and 90 quads by 2000. Gas demand growth rates will peak at 4.5%/yr during 1980-85, then fall to 3.3%/yr in 1985-90, 2%/yr in the 1990s, and 1% after 2000, although the rates will differ substantially for various countries, regions, and sectors. World gas production (53 quads in 1980) could reach 90-120 quads by 2000 and 92-100 by 2020. The North American/European share of world production, however, will decline from 55% in 1980 to 37% by 1990 and to 27% in 2000. Although North America's conventional production in 2020 will be only 60% of its current level, the expected growth in unconventional output should push overall production up 12%. The world reserves/production ratio, now at 45 years, will drop to 31 years by 2000 and 29 by 2020; the respective world reserves estimates are 2621 and 2350 trillion CF.

• OSTI ID: 6523489
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
DEMAND
ECONOMIC GROWTH
ENERGY DEMAND
ENERGY SOURCES
EUROPE
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
NATURAL GAS
NORTH AMERICA
PRODUCTION
SUPPLY AND DEMAND