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Article: International trade in natural gas.
- Article from:
- The Geographical Review
- Article date:
- April 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 American Geographical Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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World reserves of natural gas and oil, converted into energy terms, are about equal. Natural gas supplies approximately one-fifth of the world's energy consumption; oil two-fifths; the remainder comes from various other sources, such as nuclear power, coal, and hydroelectric power. The imbalance between natural gas and oil results from the incongruent geography of reserves and consumption. Economic factors include the economics of transportation, which is related to geography. Market factors, such as amount of consumption and substitutability, must also be considered. These factors are all highly dynamic. Between 1975 and 1992 natural-gas consumption worldwide rose 67 ...