Hi Guys & Gals, both Cupboard & Non-Cupboard dwellers, just been reading this interesting article online and thought some of you might be interested enough for me to share it with you all here today, we certainly live in interesting times as far as, not only Australia's but the Worlds future Energy needs are concerned, will demand for LNG in the years ahead be enough to get us those long awaited BTA's we so desperately need to turn this 'Tanker' around ? Who knows, all we can do is hope & pray that sooner rather than later we can finally get this show on the road, off the drawing board & rise up out of the ground once & for all to the delight of all long suffering shareholders. I just hope i live long enough to see, not only Maggy, but Bear Head finally come to fruition & pay us all a handsome dividend or two down the track, still here hoping, praying & holding, but my patience, like many here is being sorely tested on a daily basis, it feels like Death by a thousand cuts some days, slow & agonising, but being a very patient, glass half full kind of guy, Scotch not Tequila thanks, cheers, i still think with a bit of luck we/GV might just pull this off & get us over the line, here's hoping anyway, for all our sakes, bottoms up, Frank
What If Big Oil’s Bet on Gas Is Wrong?
Still, most forecasts anticipate strong growth globally for natural gas demand for two decades or more. In the U.S., plentiful cheap supplies thanks to the shale boom helped gas displace coal as the primary fuel for power generation for the first time last year.
The IEA sees global natural gas demand growing almost 50 percent by 2040. Exxon Mobil Corp. sees a 44 percent increase. BP’s base case forecast is for a 38 percent increase in demand by 2035.
Several things could upend those predictions.
Much of the forecast growth in gas demand is dependent on China and India adopting policies that favor gas rather than coal in an attempt to improve air quality. The Chinese government, for example, has
set a goal of getting as much as 10 percent of its energy from gas by 2020 and 15 percent by 2030, up from 6 percent in 2015. The country also plans to more than double
import capacity by 2025. If that doesn’t happen, gas demand could peak sooner.
https://www.bloomberg.com/news/arti...lvation-in-gas-but-what-if-it-s-the-wrong-bet
Wonder where we would be today if the Possum 'POO' hadn't hit the Fan in a big way
Interesting times indeed, must make it pretty difficult to tie a BTA or two down atm i guess
Cheers
Frank