Global Trends on Production and Utilization of Natural Gas

Natural gas is the second fastest growing energy source after nonhydro renewables. The role of natural gas in the world's energy supply is growing rapidly. Natural gas is one of the most widely used forms of energy today. Natural gas prices are developed for the residential, commercial, industrial, transportation, and electric utility sectors. Natural gas is found around the world, but the largest reserves are in the former Soviet Union and the Middle East. The history of natural gas production and use in the industrial era is dominated by the United States, which accounted for well over 95% of global gas production and use well into the 1930s. The main objective of the present study is to investigate global natural gas demand, supplies, and its share in global energy sources by presenting its historical development.