Natural gas production from the nation’s shale plays now accounts for more than one-quarter of U.S. production, compared with 5% in 2007, and is helping to keep gas prices among the lowest in a decade, according to FERC’s Office of Enforcement (OE).
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Articles from imports
ExxonMobil: Unconventional Gas to Grow Five-Fold by 2030
By 2030, natural gas will have become the second-largest global energy source — ahead of coal — aided by technologies that have unlocked enormous new supplies of gas from shale, tight formations and coalbed methane, ExxonMobil Corp. said Thursday.
Analysis Finds Uncertainties in Shale Outlook
A study commissioned by the state of Alaska paints a picture of rising costs in North American shale gas plays and higher gas prices in the years ahead that lend support to the case for a gas pipeline from the state’s North Slope to serve Lower 48 markets.
North American LNG Door Wide Open, Gazprom Exec Says
With the right prices North American liquefied natural gas (LNG) imports eventually will grow, and in any event the new array of receiving terminals in the United States gives it more options, according to the head of Gazprom’s U.S. marketing/trading operations. The Russian natural gas giant, which opened its Houston-based North American energy trading operations Oct. 1, intends to be an active physical and financial gas players throughout the nation (see Daily GPI, Oct. 2).
Wood Mackenzie: Triple Threat to Gas Price Strength Until 2012
A trio of challenges over the next three years — low demand, new coal-fired power plants and a surge in liquefied natural gas (LNG) imports — will put downward pressure on U.S. natural gas prices until 2012, energy researchers with Wood Mackenzie said this week.
‘Interesting Times’ for LNG
With imports of liquefied natural gas (LNG) to the United States having slowed substantially, the economic meltdown resetting global gas demand to lower levels — at least for the time being — and development costs still high, one might wish to have their days of LNG investment behind them. Not so, said Chevron’s Patrick Blough, vice president of gas commercialization.
For LNG, the ‘Interesting Times’ Are Here
With imports of liquefied natural gas (LNG) to the United States having slowed substantially, the economic meltdown resetting global gas demand to lower levels — at least for the time being — and development costs still high, one might wish to have their days of LNG investment behind them. Not so, said Chevron’s Patrick Blough, vice president of gas commercialization.
Obama White House Favors ‘Use-It-or-Lose-It’ Approach to Leases
The new White House website, which debuted as President Obama took his oath last Tuesday, says the new president plans to eliminate oil imports within the next decade by, among other things, adopting a “use-it-or-lose-it” approach to existing oil and natural gas leases.
Obama White House Favors ‘Use-It-or-Lose-It’ Approach to Leases
The new White House website says President Obama plans to eliminate oil imports within the next decade by, among other things, adopting a “use-it-or-lose-it” approach to existing oil and natural gas leases.
Sabine Pass Terminal Asks for LNG Export Authorization
Responding to the lackluster market in the United States for liquefied natural gas (LNG) imports, Sabine Pass LNG LP last Thursday filed an application at FERC seeking authorization to operate its terminal for the additional purpose of exporting foreign-sourced LNG volumes.