3 - Natural Gas

Summary

This chapter first illustrates the fundamental characteristics of natural gas, including: (i) History of natural gas; (ii) Where natural gas resources are currently located across the globe, also with a focus on the difference between conventional and unconventional resources; (iii) Technological aspects of natural gas exploration, production, and transport; (iv) Global natural gas production, consumption, and trade trends. It then outlines the characteristics of natural gas markets in different regions of the world, and how they differ from oil markets. To conclude, the chapter discusses the geopolitical issues associated with access to natural gas.