Referring to a newly released IEA Medium Term Gas Market Report, an article in Foreign Policy highlights the following takeways –

(a) China is embracing a "Golden Age of Gas" with a vengeance, likley to account for half the increase in global demand for the rest of the decade, both through home production and more importantly through imports;

(b) The United States is unlikley to become the global dominant supplier just yet, but poised to grab about 5% of global gas trade and to disproportionally influence global gas prices through significally-lower domestic gas price levels;

(c) Europe is likely to remain reliant on Russia gas and is not about to turn things around with a "European shale gas revolution" due to offsetting declining production from traditional sources, a weak economy and infrastructural bottlenecks.

A collection of key reserach materials on the "Golden Age of Gas" can be accessed here