US saw world's largest increase in gas supply, use in 2012: BP
Washington (Platts)--28 Jun 2013 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.
Article continues below...
Request a free trial of: Gas Daily
Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about complex state and federal regulations that affect competition in the gas industry.
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
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, email@example.com
--Edited by Jason Lindquist, firstname.lastname@example.org