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World Demand for Natural Gas: History and Prospects

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  • Marian Radetzki

Abstract

This paper briefly surveys the history of natural gas use and describes the main features of current gas consumption. The share of gas in total energy consumption, and the sectoral distribution of its use in major consuming regions are discussed. The main changes in the pattern of gas consumption since 1980 are reviewed and explained. I analyze the likely implications of (a) the emergence of the combined cycle gas power generation; (b) the rising environmental premium of gas; and (c) the transformation of the West European gas market structure. The paper concludes that natural gas will substantially increase its share of global energy consumption in the next 15-20 years.

Suggested Citation

  • Marian Radetzki, 1994. "World Demand for Natural Gas: History and Prospects," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 219-236.
    • Handle: RePEc:aen:journl:1994si-a11
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    Cited by:

    1. Radetzki, Marian, 1995. "Elimination of West European coal subsidies : Implications for coal production and coal imports," Energy Policy, Elsevier, vol. 23(6), pages 509-518, June.
    2. Radetzki, Marian, 1997. "The economics of biomass in industrialized countries: an overview," Energy Policy, Elsevier, vol. 25(6), pages 545-554, May.
    3. Kiso, Fumihiko & Arashi, Norio, 1998. "Hybrid Methanol-Production Process," Applied Energy, Elsevier, vol. 59(2-3), pages 215-228, February.

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    JEL classification:

    • F0 - International Economics - - General

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