Cedigaz official warns of price effects on gas demand

The “destructive impact” of up-spiraling prices could slow world demand for natural gas, especially LNG, cautioned Marie-Françoise Chabrelie, Secretary General of Paris-based Cedigaz, in her presentation at the Institut Français du Pétrole’s annual Panorama in Paris Feb. 2.Although gas has the greatest growth potential and its production is increasingly global, Chabrelie said, the most recent demand growth forecasts were distinctly lower than the 3%/year assumed at the end of the 1990s. Lower energy demand and slower economic growth, stricter energy conservation policies, and growing competition from other energy forms are responsible for the downtur...

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