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A huge oil industrial establishment with yellow pipelines news.

Future of major oil companies tied closely to global gas

The future of major oil companies is now dependent on the fate of natural gas more than ever before. Major companies like BP and Royal Dutch Shell have already hiked their gas output in the past years.

Natural gas is considered the best alternative as it offers a long-term growth in demand due to the ease of being transported in liquefied form. Also, exploration of gas is associated with high cost and longer period of return.

 

Source: World Oil

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