Recent Trends in the World Gas Market: Economical, Geopolitical and Environmental Aspects

Alessandro Toscano, Filiberto Bilotti, Francesco Asdrubali, Claudia Guattari, Luca Evangelisti and Carmine Basilicata
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Alessandro Toscano: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy
Filiberto Bilotti: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy
Francesco Asdrubali: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy
Claudia Guattari: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy
Luca Evangelisti: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy
Carmine Basilicata: Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy

Sustainability, 2016, vol. 8, issue 2, 1-24

Abstract: Natural gas is considered by energy experts to be the most promising fossil fuel for the 21st century, and as a matter of fact, the International Energy Agency (IEA) introduced for the first time in the 2011 World Energy Outlook a high gas use scenario called the “Golden Age of Gas”. Natural gas is an easy to burn and clean fuel; its proven reserves are large and furthermore, enormous possibilities are offered by unconventional resources. There are anyway some geopolitical concerns in the global gas market, since the most important reserves are concentrated in a limited number of countries; the environmental impacts in the extraction of shale gas should also be taken into account. The paper presents an updated and thorough overview of recent advances and trends in the global gas market, highlighting the role of Europe in the World scenario. Statistical data from the main international reports are presented; economical, geopolitical and especially environmental aspects are presented and discussed.

Keywords: natural gas; market; shale gas; world market; energy policy; costs; environmental impacts (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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