LNG use driving demand, India likely underestimated Industrial use, not power generation to drive gas demand The world has entered a “golden age of gas” thanks to the growth of LNG, with current prices set to ensure supplies penetrate Asian markets and particularly India, International Energy Agency executive director Fatih Birol said Monday. Speaking at the Baker Hughes AM2020 conference in Florence, Birol recalled a prediction by the IEA nearly a decade ago that a “golden age of gas” was imminent. “We said the golden age of gas can be materialized through LNG, and it is what we are seeing today,” Birol told the audience in Florence. “At the current price levels, which we think will be with us for at least a few years to come, LNG will penetrate the Asian markets,” he said. […]