IEA SEES GROWTH OF NATURAL GAS IN POWER GENERATION SLOWING

SAINT PETERSBURG - Natural gas will continue to increase its share of the global energy mix, growing at 2.4% per year between now and 2018, according to a new International Energy Agency report published today.  However, this projected growth rate is lower than the IEA’s forecast last year of 2.7%, due to persistent demand weakness in Europe as well as difficulties in upstream production growth in the Middle East and Africa.