Changing energy world shifts focus to gas

Natural gas is the fuel of the future, with new technologies on the threshold and projections that demand will double by 2010, says Richard Flury, chief executive of BP Amoco PLC's new Gas Marketing & Power unit.Flury says one reason his company is putting new emphasis on gas is that the global power and gas economy is now worth $1.3 trillion/year, nearly twice the size of the global oil economy.The BP Amoco executive told a recent North American natural gas outlook conference in Calgary, sponsored by Ziff Energy Group, that it is no coincidence that his company's decision to set up a separate gas and power business coincides with dramatic changes in the market itself.Other presen...

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