Global gas consumption is estimated to have increased by 4.7 per cent to 3850 bcm, its fastest growth since 2010, when demand rebounded after the financial crisis, according to the International Information Centre on Natural Gas (Cedigaz)

The global LNG market is set to see major swings between excess demand and excess supply over the next five years

The global trade in liquefied natural gas (LNG) is spurring a second natural gas revolution, underpinning the shift towards a more flexible, resilient and interconnected global gas market, according to the International Energy Agency (IEA)

Strategy&, part of the PwC network, stated in a new report that GCC governments could generate US$10bn per year in additional GDP and foreign earnings or support the creation of 100,000 jobs by applying commercial principles to the management of their gas portfolios

Rystad Energy, an independent energy research and consultancy, predicts that gas developments in Iraq will overtake oil projects in 2019, measured in development-sanctioned resources