CERA: Natural gas poised to overtake oil use by 2025

03/01/2004
The role of natural gas in the oil industry is being redefined, with gas taking an increasingly vital role in future sustainable energy growth, said energy experts Feb. 11 at Cambridge Energy Research Associates' annual energy forum in Houston."By 2025, gas could overtake oil as the global No. 1 fuel of choice, especially in [electric] power [generation]," Malcolm Brinded, managing director of Royal Dutch/Shell Group and CEO of Shell Gas & Power, told a packed plenary session of oil and gas personnel from around the globe. Brinded forecast that gas could fuel 70% of industrial and commercial power markets by that date.Fellow panelist David Thomlinson, chief executive, resources, of Ac...
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