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Recent Trends in the World Gas Market: Economical, Geopolitical and Environmental Aspects

Author

Listed:
  • Alessandro Toscano

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

  • Filiberto Bilotti

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

  • Francesco Asdrubali

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

  • Claudia Guattari

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

  • Luca Evangelisti

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

  • Carmine Basilicata

    (Department of Engineering, University of Roma TRE, via Vito Volterra 62, Rome 00146, Italy)

Abstract

Natural gas is considered by energy experts to be the most promising fossil fuel for the 21st century, and as a matter of fact, the International Energy Agency (IEA) introduced for the first time in the 2011 World Energy Outlook a high gas use scenario called the “Golden Age of Gas”. Natural gas is an easy to burn and clean fuel; its proven reserves are large and furthermore, enormous possibilities are offered by unconventional resources. There are anyway some geopolitical concerns in the global gas market, since the most important reserves are concentrated in a limited number of countries; the environmental impacts in the extraction of shale gas should also be taken into account. The paper presents an updated and thorough overview of recent advances and trends in the global gas market, highlighting the role of Europe in the World scenario. Statistical data from the main international reports are presented; economical, geopolitical and especially environmental aspects are presented and discussed.

Suggested Citation

  • Alessandro Toscano & Filiberto Bilotti & Francesco Asdrubali & Claudia Guattari & Luca Evangelisti & Carmine Basilicata, 2016. "Recent Trends in the World Gas Market: Economical, Geopolitical and Environmental Aspects," Sustainability, MDPI, vol. 8(2), pages 1-24, February.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:2:p:154-:d:63907
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    References listed on IDEAS

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    Cited by:

    1. Hao Xu & Tuan Gu & Shuangliang Wu & Shucan Xu & Xiang Yu & Xiaochao Guo & Tao Fan & Desheng Zhou, 2023. "Influencing Factors of Drainage and Production and Quantitative Evaluation in Shale Gas Reservoirs," Sustainability, MDPI, vol. 15(17), pages 1-23, August.
    2. Keqiang Guo & Baosheng Zhang & Kjell Aleklett & Mikael Höök, 2016. "Production Patterns of Eagle Ford Shale Gas: Decline Curve Analysis Using 1084 Wells," Sustainability, MDPI, vol. 8(10), pages 1-13, September.
    3. Carlo Andrea Bollino & Francesco Asdrubali & Paolo Polinori & Simona Bigerna & Silvia Micheli & Claudia Guattari & Antonella Rotili, 2017. "A Note on Medium- and Long-Term Global Energy Prospects and Scenarios," Sustainability, MDPI, vol. 9(5), pages 1-25, May.
    4. Hongxun Liu & Jianglong Li, 2018. "The US Shale Gas Revolution and Its Externality on Crude Oil Prices: A Counterfactual Analysis," Sustainability, MDPI, vol. 10(3), pages 1-17, March.
    5. Lo Cascio, Ermanno & Von Friesen, Marc Puig & Schenone, Corrado, 2018. "Optimal retrofitting of natural gas pressure reduction stations for energy recovery," Energy, Elsevier, vol. 153(C), pages 387-399.
    6. Joel Gehman & Dara Y. Thompson & Daniel S. Alessi & Diana M. Allen & Greg G. Goss, 2016. "Comparative Analysis of Hydraulic Fracturing Wastewater Practices in Unconventional Shale Development: Newspaper Coverage of Stakeholder Concerns and Social License to Operate," Sustainability, MDPI, vol. 8(9), pages 1-23, September.
    7. Eveloy, Valerie, 2019. "Hybridization of solid oxide electrolysis-based power-to-methane with oxyfuel combustion and carbon dioxide utilization for energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 108(C), pages 550-571.
    8. Davide Borelli & Francesco Devia & Ermanno Lo Cascio & Corrado Schenone & Alessandro Spoladore, 2016. "Combined Production and Conversion of Energy in an Urban Integrated System," Energies, MDPI, vol. 9(10), pages 1-17, October.

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