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James M. Kendell Energy Information Administration The Aspen Institute June 28, 2008 Aspen, Colorado Global Gas Outlook.

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Presentation on theme: "James M. Kendell Energy Information Administration The Aspen Institute June 28, 2008 Aspen, Colorado Global Gas Outlook."— Presentation transcript:

1 James M. Kendell Energy Information Administration James.Kendell@eia.doe.gov The Aspen Institute June 28, 2008 Aspen, Colorado Global Gas Outlook

2 World and Regional GDP, 2005, and GDP Growth Rates, 2005-2030 56,793 21,323 13,083 11,445 3,563 3,535 2,295 1,550 (billion 2000 dollars) (annual average percent) Source: EIA, International Energy Outlook 2008. Note: GDP is expressed in purchasing power parity terms.

3 World Natural Gas Consumption by End-Use Sector, 2005-2030 Source: EIA, International Energy Outlook 2008

4 Natural Gas Consumption, 2005 and 2030 (Trillion cubic feet) Source: 2005 Data: EIA, International Energy Annual 2005; 2030 Data: International Energy Outlook 2008 2005 2030

5 Source: EIA, Oil & Gas Journal, Vol. 105, No. 48 (December 24, 2007), pp. 24-25. World Total: 6,186 Trillion Cubic Feet World Natural Gas Reserves by Geographic Region as of January 1, 2008 (Trillion cubic feet)

6 Natural Gas Reserves to Production Ratio, 2006 (Years production remaining) Source: EIA, Office of Energy Markets and End Use

7 World Natural Gas Production (Trillion Cubic Feet) Source: EIA, International Energy Outlook 2008

8 Source: 2005 Data: EIA, Office of Energy Markets and End Use; 2030 Data: International Energy Outlook 2008. 2030 19 Tcf OECD Asia OECD Europe 2006 8 Tcf OECD AsiaOECD Europe OECD North America Non-OECD Asia Other Non- OECD OECD North America Non-OECD Asia Other Non- OECD Global LNG Imports, 2005 and 2030

9 Key Uncertainties in Natural Gas Forecasting Macroeconomic Growth Restrictions on Carbon Emissions World Oil Prices Demand Side Technological Advances Geology Access Production Technology Advances Liquefied Natural Gas

10 James M. Kendell Energy Information Administration James.Kendell@eia.doe.gov Recurring Publications: Annual Energy Outlook 2008, April 2008 (early release) Short-Term Energy Outlook, monthly International Energy Outlook 2008, June 2008 (early release) Special Reports: U.S. Natural Gas Imports and Exports: Issues and Trends 2006, February 2008 U.S. Underground Natural Gas Storage Developments: 1998-2005, October 2006 Estimate of Maximum Underground Working Gas Storage Capacity in the United States: 2007 Update, October 2007

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