Big story in natural gas that few are talking about
The Middle East holds a little less than half the world's proven natural gas reserves, but several countries in the region are facing gas shortages. In fact, many of these fossil fuel titans are pursuing solar power and other alternative energy technologies to supplement their soaring power generation requirements.
The International Energy Agency discusses this issue in its recently released Medium-Term Gas Market Report 2012 and says that – with the exception of existing export contracts – incremental medium-term production will exclusively serve domestic markets in the Middle East.
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