December 2017, Vol. 244, No. 12

In The News

World News

China May Overtake U.S. as World’s No. 1 Natural Gas Consumer China is in a “golden age” for natural gas that will make it the world’s biggest user of the fuel sometime between 2040-50, according to analysts at Sanford C. Bernstein & Co. China is poised to outpace the United States, the current No. 1 consumer of natural gas, and all other countries over the next two decades, Bernstein said in a research note reported by Bloomberg. China has led the growth in global oil demand for much of the past 20 years. Use will probably continue to surge the next few years and exceed 10 Tcf in 2020, up from 7.3 Tcf last year. Demand could grow to 21 Tcf by 2040, according to the projection. Asia’s

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