Where does natural gas come from? Over 99% of the natural gas used in the U.S. comes from domestic or other North American sources. However, increasing demand for natural gas will require new supplies from non-North American countries, increasing our dependence on foreign sources. The Energy Information Administration (EIA) predicts that by 2025, more than…
Natural gas, called “the prince of hydrocarbons” by some, is an increasingly important fuel source in the world energy system. Easy to transport, easy to use, cheap and relatively clean, it is an excellent way to improve our energy system in the short run. While a vast improvement over coal and oil, it is not…
I have just picked up this news on a new natural gas discovery off the coast of Western Australia. The idea is for the gas to be cooled in order to liquefy it. They do not state the volume of this discovery but the text at the top of the figure states that 21…
Since the IEA presented its World Energy Outlook report of 2012, the world’s press has spread the news that the USA can become a larger oil producer than Saudi Arabia. They have also reported on increased production of shale gas. During recent years production of shale gas has increased substantially that the price of natural…
On Friday I boarded the aircraft in New York to travel back to Stockholm from (among other things) the ASPO-USA conference. When I did so, I picked up two newspapers, The Wall Street Journal (WSJ) and the Financial Times (FT). The front page of the WSJ was headlined with the news, “U.S. Gas Exports Clear…
Publication date: 2007-04-01 First Published in: Energy Policy Authors: R. Chedid et al Abstract: Crude oil (CO) and natural gas (NG) play an important role in the world economy. The Arab countries (ACs) share 64% of the total oil reserves and 40% of the NG reserves. On the production side, AC’s contribute to 30% and…
Publication date: 1998-06-01 First Published in: Natural Resources Research Authors: D.J. Santini Abstract: This paper examines three issues related to both the U.S. and world oil supply: (1) the nature of the long-term, post-peak production profile for the U.S. and, by inference, other regions (the Hubbert curve is used as a “strawman” model); (2) implications…
Publication date: 2004-08-16 First published in: Oil and Gas Journal Authors: A. Imam et al. Abstract: A new, multicyclic approach to modeling future global production of natural gas reaffirms an outlook for growing dependence of Western nations on the Middle East and Russia for their supply as global conventional gas output peaks in the next…
The era of cheap gas is coming to an end, Russia’s Prime Minister Vladimir Putin has told ministers from the world’s major gas-exporting countries. The Gas Exporting Countries Forum (GECF) meeting in Moscow has agreed a charter and plans for a permanent base. “A new organisation has been born today, said Russian Energy Minister Sergei…