KUALA LUMPUR, Malaysia -- The International Energy Agency says it expects global demand for natural gas to grow 2.7 percent a year over the next five years as Chinese consumption doubles.
The Paris-based IEA said Tuesday that China's demand for natural gas will likely grow 13 percent a year through 2017.
The IEA said U.S. consumption will probably grow 13 percent by 2017 while European demand will increase by 7.9 percent.
The IEA said North America will likely become a net exporter of liquefied natural gas over the next five years.
The agency said low natural gas prices should lead to gas generating almost as much electricity as coal in the U.S. by 2017.
The Associated Press