CEDIGAZ and American Petroleum Institute
Natural Gas Fundamentals (July 2002)
|>||Prospects for growth of the gas industry: Trends and challenge (June 2002)|
|>||Prospects for growth of the gas industry: Trends and challenge - Abstract - (June 2002)|
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Americans have demonstrated a preference for natural gas because it is a quick, easy and comfortable source of energy for heating and cooling their homes, for cooking their meals and running appliances. It gives consumers a sense of safety and security. And because of its clean-burning qualities, using more natural gas can help ease a number of environmental concerns, including smog, acid rain and greenhouse gas emissions.
Natural Gas Quick Facts
Get all the facts and statistics about the nation's fastest growing energy source. Find out about supply, demand, uses and future resources on this one page resource of "quick facts."
Meeting Future Natural Gas Demand
The U.S. Energy Information Administration (EIA) projects that consumption of natural gas will increase by over one-third between now and 2025. Demand will grow because natural gas is a versatile, clean and, historically, economical fuel.
Natural Gas Supply: An Overview
While demand for natural gas in the U.S. has more than doubled over the past two decades, supply has stagnated. Since 1996, domestic production of natural gas has grown at an annual rate of well below one percent. This slow increase is due to a number of factors, a primary one being that existing and producing gas fields in the U.S. are slowly being tapped out. In order to maintain production, domestic producers are drilling more wells and extracting gas more efficiently from existing wells.
Balancing Natural Gas Policy: Fueling the Demands of a Growing Economy
On September 25, 2003, the National Petroleum Council (NPC) released the findings of its study, "Balancing Natural Gas Policy" . The study was conducted at the request of the U.S. Secretary of Energy Spencer Abraham to examine what actions can be taken by industry and government to ensure adequate and reliable supplies of energy for American consumers. See API's statement on the report and see an interview with API on the report.
Natural Gas, Then and Now
In its purest form, natural gas is shapeless and odorless. Its value today is that when it burns, it releases a great deal of energy. And, of nearly equal importance, natural gas burns cleaner than any other fossil fuel.
The Price of Natural Gas
Natural gas has become extremely popular as a major source of energy in the U.S., for both consumers and industry, in part because it burns cleaner and has minimal impact on the environment. Many utilities, for example, have shifted away from coal or oil to natural gas to produce electricity. As a result, demand for natural gas is expected to rise by about 50 percent by 2025.
The Pressures on Natural Gas Prices
The price of natural gas has increased sharply in recent years after an extended period of relative stability. Higher prices are due to a number of factors, such as the implementation of policies that have encouraged consumption, the lack of infrastructure necessary to bring more natural gas to the market, the declining productivity of existing wells, and the inability to access natural gas fields on federal lands.
Access to Natural Gas Supplies: A Key to Meet Demand
Increased access to domestic natural gas resources and to growing supplies of gas traded internationally must be the key components of any plan for meeting the serious challenge of balancing natural gas supply and demand that the U.S. is facing today.
Conservation, Improved Efficiency: Sensible Actions to Help Meet Natural Gas Demand
Conservation and efficient natural gas use must be part of a national effort to balance natural gas supply and demand, especially in the short term. Conservation and improved efficiency alone won't solve this situation, but these actions must be crucial components of any solution.
Liquefied Natural Gas — A Cool Source of Energy
Government and industry leaders concerned about the need for more natural gas are increasingly interested in imports of liquefied natural gas (LNG) as a way to help meet rising demand.
Gas Storage and Liquefied Natural Gas R&D
Natural gas can be stored in a variety of ways. Most commonly, it is held in underground formations, in depleted oil or gas reservoirs (the most common), in natural aquifers, or in cavities created in large underground salt deposits. In addition, a small but growing portion of U.S. natural gas imports are received as liquefied natural gas (LNG) and the Energy Department is studying new methods for unloading and regasifying LNG directly from ocean tankers for storage in underground salt caverns.
Rocky Mountain States Natural Gas Resource Potential and Prerequisites to Expanded Production
Currently, growing demand for clean-burning natural gas combined with declining production in mature geologic basins as well as concerns about energy security increase the importance of the Rocky Mountain States as a major producing region. These states have the potential to supply our nation with vast, new resources of natural gas. New technologies and increases in geologic understanding will be required to convert these resources into reserves and production.