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The resurgence in oil and gas production in the US, decline in the cost of renewables and growing electrification are changing the traditional ways of meeting energy demand globally, according to the World Energy Outlook (WEO) 2017

In 2016, world gas reserves were increased by 0.9 per cent, driven by the US, Nigeria and Iraq, and world gas production was increased by 0.7 per cent, driven mainly by new Australian LNG plants, according to Eni’s second volume of the world oil and gas review

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