Increased

While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).

While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).

Houston’s TC PipeLines LP late Wednesday increased its natural gas partnership by one-third in a $1.05 billion agreement with parent TransCanada Corp. that would give it control over both Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC.

During the first quarter, Quicksilver Resources Inc. lost more money than Wall Street was expecting as the company continued to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff.

Since the latter half of last year, Swift Energy Co. has been directing Eagle Ford drilling at a narrower section of the lower Eagle Ford with more precision than previous drilling, and it’s been paying off, said CEO Terry Swift.

Energy analysts with Wells Fargo Securities LLC on Wednesday increased their natural gas price forecasts for 2013 and 2014 and cut estimates for 2015.

Consumers generally favor increased domestic energy production but have mixed feelings about the current natural gas boom, a recent poll by the University of Texas at Austin (UT) found. In particular, the survey illustrates how sharply divided the public remains over the use of hydraulic fracturing (fracking) for well stimulation.

Energy companies based in Japan and India further increased their interests in the United States by signing tolling agreements for natural gas liquefaction services at Dominion’s proposed Cove Point liquefaction facility in Lusby, MD.

Energy companies based in Japan and India further increased their interests in the United States with the signing of tolling agreements for natural gas liquefaction services at Dominion’s proposed Cove Point liquefaction facility in Lusby, MD.