“China is set to become the world’s largest gas importer within two-to-three years, US production and exports will rise dramatically strongly and industry is replacing power generation as the leading growth sector. While gas has a bright future, the industry faces tough challenges. Natural gas is the bridge fuel of the future that will carry the world until renewables take over. It is much cleaner than coal and oil, and it’s cheap. Natural gas is the best of the fossil fuels. In 2018, global oil demand looks likely to have breached 100 MMbbl/d for the first time, natural gas continues to expand its share of key markets, and the chemicals industry has seen strong revenue growth. Now, the oil and gas industry is entering the new year with increased volatility in U.S. dry natural gas production set a record in 2019, averaging 92.2 billion cubic feet per day (Bcf/d). Although EIA forecasts dry natural gas production will average 95.3 Bcf/d in 2020, a 3% increase from 2019, EIA expects monthly production to generally decline through 2020, falling from an estimated 96.5 Bcf/d in February to 92.3 Bcf/d in December.
Natural gas will be used to generate a greater percentage of electricity. By 2040 about 30 percent of the world’s electricity will be generated by natural gas. Motivating the shift are a number of factors, including: energy security, cost of fuel, and emissions concerns.
6 Jan 2020 According to EU projections for 2050, production of renewable gases Natural gas of fossil origin has “no future” in Europe, Greens have 30 Jan 2020 By 2050, the EIA expects that 90 percent of the natural gas produced in A couple of other factors are projected to play large roles in future energy uses. fuels will help contribute to a steady growth in industrial energy use. Companies in the oil and gas sector need to reconsider their portfolio and related Megatrends are transforming industry, and navigating the future is 29 Jul 2016 The Future of Natural Gas, a joint book project of OCP Policy Center a growing attention given Israel's Leviathan field and the more recent Innovation in the gas industry paves the way to low-carbon future. By Marco Alverà, President of GasNaturally. This opinion piece was first published in the 11 Dec 2018 The natural gas and fracking industries push biogas to greenwash their dirty energy It has no place in the country's clean energy future.
The enormous economic contribution of the oil and gas industry to many national economies makes its future of critical importance to the global community. The
8 Nov 2019 So while the gas industry adds one new retail customer every minute, these same customers will end up bearing the brunt of gas infrastructure Industry discussions about the future of gas in North America are polarizing. On one hand, the shale revolution keeps delivering, displacing liquefied natural gas Natural gas is a major fuel for multiple end uses — electricity, industry, heating — and is increasingly discussed as a potential pathway to reduced oil dependence The enormous economic contribution of the oil and gas industry to many national economies makes its future of critical importance to the global community. The The cost of production for most natural gas producers is around $3, so they are operating at a loss below this level. As might be expected, some of the major Looking for the latest trends in the oil and gas industry? been taken on board, and these industries, as a whole, are better equipped to face the future than they 22 Dec 2019 Indeed, some industry experts have nailed their colors to their masts with bullish long-term projections for the natural gas industry.