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World Energy Outlook

Golden Rule for a Golden Age of Gas

‌Golden Rules for a Golden Age of Gas (Released 29 May 2012)

 

Natural gas is poised to enter a golden age, but this future hinges critically on the successful development of the world’s vast unconventional gas resources. North American experience shows unconventional gas - notably shale gas - can be exploited economically. Many countries are lining up to emulate this success.

But some governments are hesitant, or even actively opposed. They are responding to public concerns that production might involve unacceptable environmental and social damage.

This report, in the World Energy Outlook series, treats these aspirations and anxieties with equal seriousness. It features two new cases: a Golden Rules Case, in which the highest practicable standards are adopted, gaining industry a "social licence to operate"; and its counterpart, in which the tide turns against unconventional gas as constraints prove too difficult to overcome.

New York Times, Editorial, 10 June 2012: “‘Reports from international agencies usually make for dull reading. “Golden Rules for a Golden Age of Gas,” from the Paris-based International Energy Agency, does not. It should be required reading for regulators and the industry — and for anyone who cares about energy, the environment and climate change.”

Follow International Press coverage of the “Golden Rules for a Golden Age of Gas” special report.

Press Release

Presentation to Press - WEO Golden Rules for a Golden Age of Gas special report
by Ms. Maria van der Hoeven, Executive Director and Dr. Fatih Birol, Chief Economist

Read the full report in English

NEW: Read the full report in French

Download the annex on regulation and best practice


Executive summary in Chinese
Executive summary in Polish
Executive summary in Spanish

Video launch of WEO-2012 Special Report in London:

VIDEO: IEA Presents Golden Rules for a Golden Age of Gas

VIDEO: Q&A: Golden Rules for a Golden Age of Gas

VIDEO: Opening Remarks: Golden Rules for a Golden Age of Gas