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IGU President Joe M. Kang, joins IHS Markit Vice Chairman Daniel Yergin to discuss the role of gas in the future energy mix. Flexible, abundant, and lower carbon-emitting, gas in its many forms presents versatile opportunities for countries and industries on the road to net zero.

A press release was issued by the Secretariat of the International Gas Union (IGU),Oslo, Norway on 25 March 2014 entitled LNG is driving gas globalisation.

The most working Gas volume (WGV) is developed in natural gas fields representing 74% (314 bcm), but these cover only 57% of the total potential withdrawal rate (PWR), followed by saline aquifers 11% (47 bcm). Salt caverns have a 9% (40 bcm) share per WGV, but as high as 27% of PWR, clearly illustrating the high deliverability provided by salt caverns.

The 2015 IGU Wholesale Gas Price survey is the eighth to be undertaken in a series which began 10 years ago. The eight surveys have confirmed the significant changes in wholesale price formation mechanisms during a period of key developments and upheaval in the global gas market.