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

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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Global Supply and Demand Fundamentals Continue to Worsen. This is part of overall weak demand in a global economy that has been severely weakened by debt. With Iran poised in early 2016 to add almost as much oil as the amount of the US production decline to date, the outlook for tight oil producers could not be worse.

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