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The rebirth of liquefied natural gas (LNG) as an economic alternative for new deliveries most likely will significantly alter the trading patterns of natural gas within 25 years, ultimately transforming gas into a globally traded commodity, similar to how oil is traded worldwide today, according to a new study by economic consultant DRI-WEFA. This shift in trading patterns, said the authors, will improve the security of supply and maintain gas prices, which will be driven by the U.S. benchmark price.

The rebirth of liquefied natural gas (LNG) as an economic alternative for new deliveries most likely will significantly alter the trading patterns of natural gas within 25 years, ultimately transforming gas into a globally traded commodity, similar to how oil is traded worldwide today, according to a new study by economic consultant DRI-WEFA. This shift in trading patterns, said the authors, will improve the security of supply and maintain gas prices, which will be driven by the U.S. benchmark price.

Unocal Corp. CEO Charles R. Williamson told analysts last Wednesday at Lehman Brothers’ 15th annual CEO Energy Conference in New York City that the company’s worldwide net oil and gas production could average nearly 800,000 boe/d in 2007, a 63% boost from the company’s average production last year.

Unocal Corp. CEO Charles R. Williamson told analysts on Wednesday at Lehman Brothers’ 15th annual CEO Energy Conference in New York City that the company’s worldwide net oil and gas production could average nearly 800,000 boe/d in 2007, a 63% boost from the company’s average production last year.