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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange. As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5%

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Opinion: Why oil prices must go up

Green Car Congress

The industry did not log a single “giant” oil field. Capital expenditures increased by almost threefold to $700 billion between 2000 and 2013, while output only increased 17% ( see IEA chart ). The IEA predicts that the oil industry will need to spend $850 billion annually by the 2030s to increase production.