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Shale boom, Asia demand to dominate global gas conference

Reuters -- SINGAPORE/HONG KONG (Reuters) - The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western sanctions bite will dominate talks at a gas conference next week in Malaysia.

The World Gas Conference in Kuala Lumpur takes place this year in the heart of the Asian region, where energy hungry economies such as China and Japan are driving rising gas demand. The same countries are wrestling with how to ensure short-term oil supplies if the flow from Iran is disrupted.

Global gas demand could rise by more than 50 percent between 2010 and 2035 and account for a quarter of the world's energy mix, overtaking coal to become the second-largest primary energy source after oil, the International Energy Agency has projected.

The

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Submitted Jun 04, 2012 By: mastermariner

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36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Jun 4, 2012 6:32:41 AM Ignore 36_ACRES_4_SALE Report Abuse :)
mossimo36 Champion Author St. Louis Posts:2,650 Points:493,925 Joined:Sep 2011	Message Posted: Jun 4, 2012 4:18:32 AM Ignore mossimo36 Report Abuse ok
SBlouch Champion Author San Antonio Posts:8,719 Points:1,856,320 Joined:Apr 2007	Message Posted: Jun 4, 2012 2:48:40 AM Ignore SBlouch Report Abuse We can not say we did not see this coming.
djgunrunner Champion Author Salt Lake City Posts:10,082 Points:2,345,680 Joined:Apr 2005	Message Posted: Jun 4, 2012 2:22:43 AM Ignore djgunrunner Report Abuse If obama would support Natural Gas instead of himself we would be in a much better position on fuels. I hope he is getting something good for shafting the America people.
NedW Champion Author Indianapolis Posts:5,599 Points:1,139,320 Joined:Mar 2008	Message Posted: Jun 4, 2012 1:26:50 AM Ignore NedW Report Abuse Meanwhile, how to implement carbon taxes and other surprises are being discussed at the Bilderberg 2012 meeting in Virginia.
doeslayersr Champion Author Illinois Posts:9,093 Points:869,080 Joined:Dec 2010	Message Posted: Jun 4, 2012 12:26:26 AM Ignore doeslayersr Report Abuse No surprise.
ron98146 Champion Author Seattle Posts:1,579 Points:963,355 Joined:Jun 2008	Message Posted: Jun 4, 2012 12:05:41 AM Ignore ron98146 Report Abuse watch out for speculators.
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,708,910 Joined:Apr 2005	Message Posted: Jun 3, 2012 11:59:57 PM Ignore SavALot Report Abuse Along with the current fluctuation of stability in the world's economy
chillyman3 Champion Author Illinois Posts:1,355 Points:422,140 Joined:Jan 2012	Message Posted: Jun 3, 2012 11:55:12 PM Ignore chillyman3 Report Abuse ok
quasar502 Champion Author Lansing Posts:3,568 Points:798,425 Joined:Jan 2011	Message Posted: Jun 3, 2012 11:54:15 PM Ignore quasar502 Report Abuse Absolutely.
TheeRedRam Champion Author Hartford Posts:3,148 Points:669,710 Joined:Jun 2011	Message Posted: Jun 3, 2012 11:52:28 PM Ignore TheeRedRam Report Abuse .
TBONE3 Champion Author Pennsylvania Posts:8,731 Points:1,973,725 Joined:Mar 2005	Message Posted: Jun 3, 2012 11:51:39 PM Ignore TBONE3 Report Abuse China is so big user that the world market would fear crossing them up. Don't think IRAN scares China one bit. just the opposite!
Feud Champion Author Ontario Posts:2,071 Points:305,065 Joined:Feb 2007	Message Posted: Jun 3, 2012 11:51:06 PM Ignore Feud Report Abuse OK.
grandamgt1 Champion Author Illinois Posts:2,331 Points:1,237,400 Joined:Apr 2008	Message Posted: Jun 3, 2012 11:49:03 PM Ignore grandamgt1 Report Abuse Asia's becoming a larger force everyday.
Zonk Champion Author Michigan Posts:6,466 Points:2,099,840 Joined:Oct 2005	Message Posted: Jun 3, 2012 11:47:57 PM Ignore Zonk Report Abuse The U.S. would be in a good position relative to natural gas.
heartbroken2010 Champion Author Ottawa Posts:4,329 Points:894,610 Joined:Aug 2010	Message Posted: Jun 3, 2012 11:46:08 PM Ignore heartbroken2010 Report Abuse gotta be careful here.
shari128 All-Star Author Iowa Posts:573 Points:857,740 Joined:Jun 2010	Message Posted: Jun 3, 2012 11:45:43 PM Ignore shari128 Report Abuse Sure it could rise. As baby boomers die off, and the young to middle age families that have high school children & children going off to college, the demand will rise!!
Z51Corvette Champion Author Austin Posts:8,475 Points:1,668,445 Joined:Jan 2008	Message Posted: Jun 3, 2012 11:43:15 PM Ignore Z51Corvette Report Abuse Don't invite China to the party! LOL!!!
flahusky All-Star Author Florida Posts:733 Points:154,590 Joined:Feb 2011	Message Posted: Jun 3, 2012 11:40:10 PM Ignore flahusky Report Abuse ok
mrbee Champion Author Little Rock Posts:3,738 Points:2,462,685 Joined:Oct 2005	Message Posted: Jun 3, 2012 11:39:41 PM Ignore mrbee Report Abuse 'Could' rise.
Bubba44612 Champion Author Ohio Posts:7,381 Points:1,874,155 Joined:Aug 2005	Message Posted: Jun 3, 2012 11:34:57 PM Ignore Bubba44612 Report Abuse Since when does China care about sanctions for Iran.
granitestater Champion Author New Hampshire Posts:8,805 Points:1,427,825 Joined:Oct 2008	Message Posted: Jun 3, 2012 11:32:02 PM Ignore granitestater Report Abuse You think with Japan shutting down nuclear plants. Oil would go up. But they picked the right time to revert to fossil fuels...
jrsva Champion Author Virginia Posts:9,835 Points:1,610,075 Joined:Jan 2006	Message Posted: Jun 3, 2012 11:29:58 PM Ignore jrsva Report Abuse Reduced supply from Iran is unlikely to impact world oil markets. China will continue to buy from Iran, ignoring the sanctions, and renewed production in Iraq and Libya will make up for any Iranian shortfall. Iran could affect the global market by complicating shipments by other countries thru the Strait of Hormuz.
kgbellman Champion Author Ann Arbor Posts:2,698 Points:728,915 Joined:Mar 2011	Message Posted: Jun 3, 2012 11:27:41 PM Ignore kgbellman Report Abuse Why does the gov allow our oil to go overseas?
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jun 3, 2012 11:26:02 PM Ignore graceman Report Abuse If it still exist.
kgbellman Champion Author Ann Arbor Posts:2,698 Points:728,915 Joined:Mar 2011	Message Posted: Jun 3, 2012 11:24:55 PM Ignore kgbellman Report Abuse Why does the gov allow our oil to go overseas?
KnoxGasPriceSpy Champion Author Knoxville Posts:140,831 Points:917,870 Joined:Oct 2010	Message Posted: Jun 3, 2012 11:24:37 PM Ignore KnoxGasPriceSpy Report Abuse all about control...
Bigwaynef Champion Author South Carolina Posts:11,451 Points:2,077,835 Joined:Dec 2006	Message Posted: Jun 3, 2012 11:22:21 PM Ignore Bigwaynef Report Abuse Obama says it's Bush's fault...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jun 3, 2012 11:21:32 PM Ignore tedjm1 Report Abuse World getting more screwed up.
Quick68 Champion Author Columbus Posts:8,183 Points:1,222,875 Joined:Dec 2009	Message Posted: Jun 3, 2012 11:21:05 PM Ignore Quick68 Report Abuse It's way pass time that our government stops selling our oil to China.
goodbuy Champion Author Michigan Posts:7,653 Points:1,419,555 Joined:May 2005	Message Posted: Jun 3, 2012 11:19:44 PM Ignore goodbuy Report Abuse Yes and a few months ago gas was supposed to be near $5.00 a gallon about this time.
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:785,515 Joined:Nov 2010	Message Posted: Jun 3, 2012 11:19:40 PM Ignore zdcatc12 Report Abuse ok
Jmac2008 Champion Author Missouri Posts:2,256 Points:878,005 Joined:Dec 2008	Message Posted: Jun 3, 2012 11:18:54 PM Ignore Jmac2008 Report Abuse ok
BobD2009 Champion Author Long Island Posts:6,974 Points:1,236,860 Joined:Apr 2009	Message Posted: Jun 3, 2012 11:18:00 PM Ignore BobD2009 Report Abuse Our own EPA is bad enough.
jtfftj Champion Author New Hampshire Posts:2,168 Points:1,245,395 Joined:Sep 2005	Message Posted: Jun 3, 2012 11:16:08 PM Ignore jtfftj Report Abuse The stupid DOE was bad enough, now the International Energy Agency. Screwed on a global scale.
rahcat Champion Author Grand Rapids Posts:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Jun 3, 2012 11:14:42 PM Ignore rahcat Report Abuse Limit exports......keep the price low.
DJRIO Champion Author Miami Posts:8,030 Points:1,422,660 Joined:Jan 2008	Message Posted: Jun 3, 2012 11:14:40 PM Ignore DJRIO Report Abuse Iran is not going to be disrupted, because Iraq , Libya are back online at full force.
Kawibiker Champion Author Illinois Posts:1,165 Points:203,400 Joined:May 2012	Message Posted: Jun 3, 2012 11:13:37 PM Ignore Kawibiker Report Abuse demand will probably just raise prices for the rest of us..
camaro_man Champion Author Kitchener-Waterloo Posts:2,216 Points:608,100 Joined:Jun 2010	Message Posted: Jun 3, 2012 11:13:14 PM Ignore camaro_man Report Abuse wow
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,067,300 Joined:Mar 2004	Message Posted: Jun 3, 2012 11:13:09 PM Ignore miser709 Report Abuse The flow from Iran is not going to be disrupted. China and others will buy it on the black market. Why do you think Iran is stockpiling oil?
Bleeder Champion Author Virginia Posts:8,038 Points:1,697,375 Joined:Jan 2008	Message Posted: Jun 3, 2012 11:12:22 PM Ignore Bleeder Report Abuse They are well on their way.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Jun 3, 2012 11:10:48 PM Ignore Blue_Cruzer Report Abuse Asia is using a lot more gas than ever.
regout Champion Author Quebec Posts:2,940 Points:829,780 Joined:May 2010	Message Posted: Jun 3, 2012 11:10:21 PM Ignore regout Report Abuse Good.
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Jun 3, 2012 11:10:09 PM Ignore crreed1 Report Abuse ok
1momsunshine Champion Author Ottawa Posts:5,475 Points:997,555 Joined:Mar 2010	Message Posted: Jun 3, 2012 11:09:40 PM Ignore 1momsunshine Report Abuse ok
bigdog467 All-Star Author Texas Posts:713 Points:193,840 Joined:Dec 2010	Message Posted: Jun 3, 2012 11:08:25 PM Ignore bigdog467 Report Abuse ...
jrschl Champion Author Louisville Posts:2,952 Points:678,140 Joined:Jun 2011	Message Posted: Jun 3, 2012 11:07:44 PM Ignore jrschl Report Abuse I am sure this will be used to pump prices.
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Jun 3, 2012 11:06:47 PM Ignore PrinceLH Report Abuse Good for them.
judgemobile Champion Author Ohio Posts:7,555 Points:2,442,210 Joined:Nov 2005	Message Posted: Jun 3, 2012 11:06:37 PM Ignore judgemobile Report Abuse nat gas heading back down again after brief rally...1.91 is achievable again.
stratlinetime Champion Author Kalamazoo Posts:2,266 Points:560,910 Joined:Feb 2011	Message Posted: Jun 3, 2012 11:05:02 PM Ignore stratlinetime Report Abuse Ok