Dismissed as a useless byproduct of crude oil production until the second half of the 20th century, natural gas now accounts for 23 percent of the world's energy consumption. And the demand is growing.
An environmentally friendly and efficient energy source, natural gas is the cleanest-burning conventional fuel, producing lower levels of greenhouse gas emissions than heavier hydrocarbon fuels such as coal and oil. Historically, natural gas also has been one of the most economical energy sources. Natural gas fuels electric power generators, heats buildings and is used as a raw material in many consumer products, such as those made of traditional plastics.
The International Energy Agency predicts that the demand for natural gas will grow by approximately 44 percent through 2035. Chevron is well positioned to meet this escalating demand.