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Global gas demand to rise 25 pct by 2020 -Shell exec

REUTERS

June 24 (Reuters) – Global gas demand is still set to increase by one quarter by 2020, despite uncertainty about the recovery of industrial demand for the cleanest-burning hydrocarbon, a Royal Dutch Shell (RDSa.L) executive said on Thursday.

“Gas industry conditions remain tough. The recovery is still fragile,” De la Rey Venter, Shell’s global head of liquefied natural gas (LNG), told the National Oil Companies Congress in London.

“(But) global gas demand will rise by one quarter by 2020… Of all primary sources of energy, natural gas is clearly the most attractive hydrocarbon.”

De la Rey said Shell expected demand for LNG to double by 2020, compared to 2009 levels, with total global gas demand reaching 4.5 trillion cubic metres by 2030.

(Reporting by Daniel Fineren, editing by Anthony Barker)

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