NATURAL GAS DEMAND SURGES AMONG EUROPEAN CUSTOMERS

David Knott Senior Editor Europe's view of natural gas as a clean fuel is driving demand faster than European producers can supply the fuel. By 2010 European gas demand is expected to rise by 50%, so imports will need to rise in step. There are plenty of gas reserves within and in reach of the European market to meet increasing needs. But current low gas prices in Europe are a barrier to development of gas projects, which are large, long term investments.

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