Times of India: LNG promise seen to ward off oil price woes
“Scenario planners at Royal Dutch/Shell think that gas may surpass oil as the world’s most important energy source by 2025.”
AUGUST 27, 2004
Posted 28 August 04
Even as headlines scream about $50 a barrel oil, energy firms and their investors are becoming increasingly excited about its likeliest replacement: not wind nor wave nor solar power, but gasor, to be precise, gas that is frozen and transported as liquefied natural gas (LNG). This is expected to become as ubiquitous and crucial to the global economy as petroleum is today. Scenario planners at Royal Dutch/Shell think that gas may surpass oil as the world’s most important energy source by 2025.