Study: Natural gas becoming focal point of global energy - WFMJ.com News weather sports for Youngstown-Warren Ohio

updated

Study: Natural gas becoming focal point of global energy

Posted: Updated:

NEW YORK - A new study released by General Electric provides some encouraging predictions for the shale gas industry.

A white paper titled the Age of Gas finds that natural gas is becoming a focal point of global energy supply and demand.

"Natural gas is positioned to rival coal consumption as well as take share from oil on the global stage," say the study's authors Peter C. Evans and Michael F. Farina. They write that gas will also increasingly complement wind and other renewable energy sources in power generation.

Evans and Farina say that utilities, global businesses, homes and also trains, trucks and other means of transportation have already embraced natural gas. The analysts expect that gas consumption will grow by more than a third from its current level by 2025. They estimate that international trade in liquefied natural gas (LNG) will increase by 70 percent in this decade alone.

The study finds that natural gas will account for 26 percent of primary global energy production by 2025, up from 20 percent in 1990.  Most of the gas will be developed in the United States and Canada, led by the Marcellus shale region centered in Pennsylvania and the Eagle Ford shale of south Texas.

Land-based gas pipelines transport 89 percent of the gas consumed today. They authors say that gas network growth, innovation and new supply options like shale gas are helping create greater gas network density and resilience, and improve economics. 

You may view the entire white paper by following this link

EDITOR'S NOTE:

Earlier this month, the U.S. Energy Information Administration issued an estimate that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum.

  • More NewsMore>>

  • Thanksgiving Day and Black Friday shopping hours

    Thanksgiving Day and Black Friday shopping hours

    Wednesday, November 22 2017 11:55 AM EST2017-11-22 16:55:02 GMT

    WFMJ.COM has put together a list of stores that will be open for at least part of the holiday. 

    More >>

    WFMJ.COM has put together a list of stores that will be open for at least part of the holiday. 

    More >>
  • Robber takes cash from Parkman Rd. convenience store

    Robber takes cash from Parkman Rd. convenience store

    Wednesday, November 22 2017 10:21 AM EST2017-11-22 15:21:02 GMT

    Warren Police Detectives will be looking at surveillance video in hopes of identifying the person who robbed a neighborhood convenience store on Tuesday. 

    More >>

    Warren Police Detectives will be looking at surveillance video in hopes of identifying the person who robbed a neighborhood convenience store on Tuesday. 

    More >>
  • Competition grows to win grocery wars

    Competition grows to win grocery wars

    Wednesday, November 22 2017 10:04 AM EST2017-11-22 15:04:37 GMT
    Groceries with the click of a mouse? Amazon and Walmart are rivals in the all out grocery war to win over consumers online with the convenience of ordering groceries for pick up or delivery. Regional chains, like Giant Eagle, are also experimenting with ways to offer a similar service. Giant Eagle is testing out its new Curbside to Go service at its Doral Drive location in Youngstown. Shoppers can pick out items online, provide instructions down to the fine details- like whether th...More >>
    Groceries with the click of a mouse? Amazon and Walmart are rivals in the all out grocery war to win over consumers online with the convenience of ordering groceries for pick up or delivery. Regional chains, like Giant Eagle, are also experimenting with ways to offer a similar service. Giant Eagle is testing out its new Curbside to Go service at its Doral Drive location in Youngstown. Shoppers can pick out items online, provide instructions down to the fine details- like whether th...More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms