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Are We Entering a Golden Age of Gas - World Energy Outlook 2011

Are We Entering a Golden Age of Gas - World Energy Outlook 2011

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07/26/2011

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2011
 WORLDENERGYOUTLOOK 
 ARE WE ENTERING A GOLDEN AGE OF GAS? 
SpecialReport
 
INTERNATIONAL ENERGY AGENCY
The International Energy Agency (IEA), an autonomous agency, was established in November 1974.
Its primary mandate was – and is – two-fold: to promote energy security amongst its membercountries through collective response to physical disruptions in oil supply, and provide authoritativeresearch and analysis on ways to ensure reliable, affordable and clean energy for its 28 membercountries and beyond. The IEA carries out a comprehensive programme of energy co-operation among
its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports.
The Agency’s aims include the following objectives:
Secure member countries’ access to reliable and ample supplies of all forms of energy; in particular,through maintaining effective emergency response capabilities in case of oil supply disruptions.
Promote sustainable energy policies that spur economic growth and environmental protectionin a global context – particularly in terms of reducing greenhouse-gas emissions that contributeto climate change.
Improve transparency of international markets through collection and analysis of energy data.
Support global collaboration on energy technology to secure future energy suppliesand mitigate their environmental impact, including through improved energyefficiency and development and deployment of low-carbon technologies.
Find solutions to global energy challenges through engagement
anddialogue with non-member countries, industry,
internationalorganisations and other stakeholders.
IEA member countries:
AustraliaAustriaBelgiumCanadaCzech RepublicDenmarkFinlandFranceGermany GreeceHungary IrelandItaly  JapanKorea (Republic o)LuxembourgNetherlandsNew ZealandNorway PolandPortugalSlovak RepublicSpainSwedenSwitzerland Turkey United KingdomUnited States
 The European Commissionalso participates inthe work o the IEA.
Please note that this publicationis subject to specifc restrictionsthat limit its use and distribution. The terms and conditions are availableonline at 
www.iea.org/about/copyright.asp 
© OECD/IEA, 2011International Energy Agency 
9 rue de la Fédération75739 Paris Cedex 15, France
www.iea.org
 
Acknowledgements
3
Acknowledgements
This report was prepared by the Office of the Chief Economist (OCE) of the InternationalEnergy Agency. It was designed and directed by
Fatih Birol
, Chief Economist of the IEA, andthe analysis was co-ordinated by
John Corben
. Principal contributors to this report were
Maria Argiri
,
Marco Baroni
,
Anne-Sophie Corbeau
,
Laura Cozzi
,
Ian Cronshaw
,
DanDorner
,
Matthew Frank
,
Timur Gül
,
Pawe
ł
Olejarnik
,
Timur Topalgoekceli
,
Peter Wood
,
David Wilkinson
and
Akira Yanagisawa
. Other contributors included
Prasoon Agarwal
,
Christian Besson
,
Amos Bromhead
,
Raffaella Centurelli
,
Dafydd Elis
,
Tim Gould
and
KateKumaria
.
Sandra Mooney
provided essential support.
Robert Priddle
carried editorial responsibility.The report benefited from valuable comments and feedback from other experts within theIEA, including Bo Diczfalusy, Didier Houssin, Jonathan Sinton and Laszlo Varro. JaneBarbiere, Muriel Custodio, Rebecca Gaghen, Anne Mayne and Bertrand Sadin wereessential in readying the report for production. Thanks also go to Debra Justus forproofreading the text.The work was made possible by the support and co-operation of many government bodies,international organisations and energy companies worldwide, notably: Edison; EnergyStudies Institute, Singapore; Eni; Fortum; The Japan Gas Association; The Ministry of Economic Affairs, Agriculture and Innovation, the Netherlands; The Ministry of Petroleumand Energy, Norway; Schlumberger; Shell and Statoil.Many experts from outside the IEA provided input, commented on the underlying analyticalwork and reviewed the report. Their comments and suggestions were of great value. Theyinclude:Marco Arcelli EnelGeorg Baeuml VolkswagenCarmen Becerril Acciona EnergiaKamel Bennaceur SchlumbergerAlexey Biteryakov GazpromExportCarey Bylin Environmental Protection Agency, United StatesGuy Caruso Center for Strategic and International Studies, United StatesTilaklal Doshi Energy Studies Institute, SingaporeRafa
ł
Fr
ą
c Permanent Delegation of Poland to the OECDMasazumi Hirono Japan Gas AssociationJames Jensen Jensen AssociatesJostein Karlsen Ministry of Petroleum and Energy, NorwayKen Koyama Institute of Energy Economics, JapanOleg Maximov Troika Dialog, Russian FederationKlaus Mohn StatoilErnest Moniz Massachusetts Institute of Technology, United States

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