Low real natural gas prices have spurred industrial activity in the US, with the use gas for industrial purposes increasing more than 3 percent, or 0.6 billion cubic feet per day (Bcf/day) during the first five month of 2013, latest figures from the US Energy Information Administration (EIA) show. This period sees industry overtaking power plants as largest natural-gas consuming sector.
The erosion of the Italy's gas use for power generation is forecast to intensify, leading to a 11.7 percent drop in market share by 2020 as the sector is squeezed by the growth in wind and solar power supply and low electricity demand in the prolonged recession, a paper authored by Dr. Anouk Honore, senior researcher at the Oxford Institute for Energy Studies (OIES) finds.
Scenarios calculated by the author, based on Italy's National Energy Strategy, forecast the use of gas in the power sector to drop from 30 Bcm in 2010 down to lows of 22.8 Bcm by 2020.
Throwing his political weight behind the Trans-Anatolian Gas Pipeline (TANAP) as the preferred export route of gas from the Caspian region to Europe, Hassan Murat Mercan, Turkey's Deputy Minister of Energy & Natural Resources today singled out the project as a way to enhance Turkey's role as a regional player and gas transit hub within an increasingly integrated global energy markets.