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Natural gas prices this year and next will be slightly higher than previously forecast, lifted in large part by an expected increase in demand from the industrial sector, the Energy Information Administration (EIA) said Tuesday.

Natural gas prices this year and next will be slightly higher than previously forecast, lifted in large part by an expected increase in demand from the industrial sector, the Energy Information Administration (EIA) said Tuesday.

Growing use of gas-fired power plants in the United States is helping, to a large extent, to drive down the country’s emissions of carbon dioxide (CO2), according to the International Energy Agency (IEA). Since 2006, the United States has led the world in cutting CO2 emissions, the agency said recently.

Record-setting U.S. natural gas production and storage should benefit consumers large and small this summer, according to the 2012 Summer Outlook by the Natural Gas Supply Association (NGSA).

TransCanada Corp. was selected by Shell Canada Ltd. last week to build and operate the proposed Coastal GasLink project, a large-diameter pipeline that initially would transport more than 1.7 Bcf/d from the gassy Montney, Horn River and Cordova basins in the Dawson Creek, British Columbia (BC) area about 700 kilometers (435 miles) to Shell’s planned 12 million ton/year liquefied natural gas (LNG) export facility near Kitimat, BC.

A Washington, DC-based watchdog group last week called on the Department of Justice (DOJ) to investigate whether large natural gas producers, notably Chesapeake Energy Corp. and ConocoPhillips, are conspiring to limit their production to raise the price of natural gas in violation of the antitrust laws. ConocoPhillips said the allegations are “without foundation.”

TransCanada Corp. has been selected by Shell Canada Ltd. to build and operate the proposed Coastal GasLink project, a large-diameter pipeline that initially would carry more than 1.7 Bcf/d from the gassy Montney, Horn River and Cordova basins in the Dawson Creek, British Columbia (BC) area about 700 kilometers (435 miles) to Shell’s planned 12 million ton/year liquefied natural gas (LNG) export facility near Kitimat, BC.

Record-setting U.S. natural gas production and storage should benefit consumers large and small this summer, according to the 2012 Summer Outlook by the Natural Gas Supply Association (NGSA).

The large independent electricity generator has reactivated natural gas-fired plants in Texas expecting a profitable summer