POTENTIAL DEVELOPMENT OF THE GLOBAL MARKET OF NATURAL GAS

Abstract

The article shows world trends in the development of fuel and power complex. The author identifies the directions of the world fuel and power complex transition to a new technological mode in conditions of global economy. He demonstrates factors, which determine the growing role of gas in the world power balance. Firstly, among fossil power resources natural gas is the cleanest ecologically. Secondly, technologies of gas liquefaction and transportation enhance flexibility of the market. Thirdly, 'shale revolution' which took place in the US stimulated other countries to search for and develop similar resources. Fourthly, rising global consumption of power resources boosts volumes of gas consumption, even if we ignore the fact that gas is forcing out oil and coal in the world power balance. Key trends determining the development of gas market in general were identified.

Keywords

• world power market
• gas market
• forecast of gas market development
• natural gas
• price on gas
• global fuel and power balance
• production and consumption of gas