World supply & demand analysis: Then, now and tomorrow ///
Twenty years ago the United States government was dealing with a gas shortage. That problem was solved by reducing the demand for gas. Elsewhere in the world, production of gas was, and continues to be, limited by demand. The new factor is serious concern about the environment, which produced the Kyoto Protocol. In 2001, production and consumption of natural gas in the world was approximately 2,523 billion cubic meters (bcm) or 89 Tcf.
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