Worldwide gas supplies to double by 2025, analyst says

Worldwide production of natural gas, currently at 2.6 trillion cu m/year (tcm/year), is expected to rise to 4.755 tcm/year by 2025, an average increase of 2.75%/year.The capital required for this increase will be $25-40 billion/year with total expenditures needed to 2025 reaching $630 billion.So says Canterbury, UK-based energy analyst Douglas-Westwood Ltd. in a recent report about future world natural gas supplies. Click here to enlarge imageOf the total expenditures figure, Douglas-Westwood said about $520 billion will be needed to construct infrastructure, while the remainder will be required for exploration and production.Investment focusDouglas-Westwood noted that LNG production lik...

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