Natural gas is expected to overtake coal as the world’s second-largest energy source after oil by 2030, as more countries seek to curb the air pollution often caused by coal-fired power plants, as demand for electricity ramps up.
The new prediction by the International Energy Agency in its longer-term outlook may justify a push by some of the world’s biggest energy majors to shift their businesses towards gas.
Companies such as Royal Dutch Shell, Total and Repsol are investing more in lower-carbon businesses amid a global transition towards cleaner fuels. They are finding new markets for their gas, such as for power generation. Read More