Tuesday, April 8, 2008

Exxon - Natural Gas Demand Go to 2030

Natural gas demand is expected to lead growth in fossil fuel demand to 2030 as European and Americas demand surges, said Alan Hirshberg, Vice President of Exxon Mobil Corp.'s (XOM) established areas projects.

"No fossil fuel will grow faster than natural gas," Hirshberg said in a presentation to the Australian Petroleum Production and Exploration Association conference in Perth.

Combined demand from the Americas and Europe for liquefied natural gas will surpass Asian demand by 2030, he said.

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