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Natural gas demand grew at a remarkable clip last year, increasing by 4.6%, its highest growth rate since the beginning of the decade. Future growth will be more measured, supported by economic expansion in emerging markets - especially in Asia - and sustained policy support in the People's Republic of China to battle air pollution. The supplies to meet that new growth will come from both new domestic production in these fast-growing economies but also increasingly from major exporting countries, led by the development of the abundant shale gas resources in the United States. International trade, supported by the strong growth in liquefied natural gas export capacity, will play a growing role in the development of natural gas markets as they move further towards globalisation. The recent convergence in market prices in major regions provides an indication of this increasing integration. However, establishing market-driven pricing mechanisms in fast-growing countries remains a challenge - albeit one that is being addressed by pricing reforms in several leading emerging economies around the world.

Natural gas. --- Natural gas reserves.

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This book analyses the most recent developments in security of gas supply and reliability in all IEA regions. Reform has led to open markets, where supply and demand are balanced by the market. In the gas sector, supply is capacity-bound and large parts of the demand side are inelastic. The study looks at how governments and other stakeholders in IEA countries respond to the need to create a framework that enables the players to deliver secure and reliable gas supply at the border and all the way down to the final customer.

Gas industry. --- Gas supply. --- Liquefied natural gas industry. --- Natural gas reserves. --- Gas industry --- Liquefied natural gas industry --- Natural gas reserves --- Industries --- Business & Economics --- Gas reserves --- Natural gas --- Natural gas supply --- Reserves of natural gas --- Natural gas industry --- Reserves --- Energy industries --- Gaz --- Gaz naturel liquéfié --- Gaz naturel --- Industrie --- Réserves

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We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the

Energy security --- Petroleum reserves --- Natural gas reserves --- Gas reserves --- Natural gas --- Natural gas supply --- Reserves of natural gas --- Oil reserves --- Oil supply --- Petroleum --- Petroleum supply --- Reserves of petroleum --- Oil fields --- Energy dependence --- Energy independence --- Energy insecurity --- Security, Energy --- Energy policy --- Reserves --- Energy security. --- Energy policy.