Medium-term perspectives of the natural gas industry

During the 1990's, natural gas was the energy source with the fastest rate of growth in the world energy balance. Nevertheless, recent evolutions of the energy context, in particular in terms of prices, have had a rather strong impact on the progress of the different energy sources penalizing gas a little. Beyond this competition between energies, which may increase, the medium-term perspectives of natural gas development is in keeping with an environment full of uncertainties. This article presents: the world supply and demand prospects for 2010-2015 (impact of high gas prices on other energy sources, occurrence of production constraints, political decisions of producing countries and world gas industry balance), trends on main markets (North America, Europe, Asia-Oceania), and international trade. (J.S.)