US saw world's largest increase in gas supply, use in 2012: BP

Washington (Platts)--28Jun2013/318 pm EDT/1918 GMT


The US recorded the world's highest increase in natural gas consumption and production in 2012, while also witnessing the highest drop in coal use, BP's Mark Finley said Friday.

In presenting the BP Statistical Review of World Energy, Finley said gas consumption in the US increased 31.6 billion cubic meters in 2012 and production increased 32.9 Bcm. Across North America, consumption rose 38.5 Bcm and production rose 29.9 Bcm.

Asia Pacific saw a 31.4 Bcm growth in gas consumption and 6.6 Bcm growth in gas supply. The Middle East saw the opposite picture, with 29.7 Bcm growth in supply and around 17.1 Bcm growth in gas use.

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At the same time, the countries of the European Union and the former Soviet Union saw a decrease in gas consumption and supply at the rate of 10-13 Bcm.

US growth in production in 2012 was much lower than in 2011, when it faced an 44.9 Bcm jump, about 7.4%, BP's outlook shows. In 2011 the growth in gas supply was fueled solely by shale gas, while in 2012 one-third of increase came from associated gas.

At the same time, the US saw the largest drop in coal consumption, at 58 mt of oil equivalent. Its supply of coal dropped, as well, by 40 mtoe.

India had the world's highest increase in coal use in 2012 at 28 mtoe and its production also grew at 10 mtoe.

EU and Japan also saw some increase in consumption, while Indonesia, Russia and Australia witnessed some growth in coal consumption.

--Anastasia Gnezditskaia, ana.gnezditskaia@platts.com
--Edited by Jason Lindquist, jason.lindquist@platts.com




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