Study: Natural gas becoming focal point of global energy - 21 News Now, More Local News for Youngstown, 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 From wfmj.comMore>>

  • $2M offered to Ohio farmers to help reduce algae

    $2M offered to Ohio farmers to help reduce algae

    Tuesday, August 19 2014 10:07 PM EDT2014-08-20 02:07:19 GMT
    TOLEDO, Ohio (AP) - The federal government is offering $2 million to Ohio farmers to help prevent farm runoff that contributes to potentially harmful algae blooms. Farmers in 20 counties in the western Lake Erie watershed can apply for some of the funds to plant cover crops to reduce nutrient runoff and erosion. The federal money, provided by the Natural Resources Conservation Service, is aimed at reducing future algae blooms. U.S. Sen. Sherrod Brown and Toledo Rep. Marcy Kaptur announced th...More >>
    TOLEDO, Ohio (AP) - The federal government is offering $2 million to Ohio farmers to help prevent farm runoff that contributes to potentially harmful algae blooms. Farmers in 20 counties in the western Lake Erie watershed can apply for some of the funds to plant cover crops to reduce nutrient runoff and erosion. The federal money, provided by the Natural Resources Conservation Service, is aimed at reducing future algae blooms. U.S. Sen. Sherrod Brown and Toledo Rep. Marcy Kaptur announced th...More >>
  • 5K-8K gallons of fuel oil spills into Ohio River

    5K-8K gallons of fuel oil spills into Ohio River

    Tuesday, August 19 2014 10:06 PM EDT2014-08-20 02:06:15 GMT
    CINCINNATI (AP) - An estimated 5,000 to 8,000 gallons of fuel oil spilled into the Ohio River, closing about a 15-mile section of the waterway southeast of Cincinnati. A Coast Guard spokeswoman says that the section of river was closed to river traffic Tuesday to enable cleanup and response. A Duke Energy spokeswoman says the spill from a Duke power plant in New Richmond, about 20 miles southeast of Cincinnati, happened late Monday night. Duke Energy spokeswoman Sally Thelen says the spill oc...More >>
    CINCINNATI (AP) - An estimated 5,000 to 8,000 gallons of fuel oil spilled into the Ohio River, closing about a 15-mile section of the waterway southeast of Cincinnati. A Coast Guard spokeswoman says that the section of river was closed to river traffic Tuesday to enable cleanup and response. A Duke Energy spokeswoman says the spill from a Duke power plant in New Richmond, about 20 miles southeast of Cincinnati, happened late Monday night. Duke Energy spokeswoman Sally Thelen says the spill oc...More >>
  • Couple stabbed at Ohio home; adult son charged

    Couple stabbed at Ohio home; adult son charged

    Tuesday, August 19 2014 10:03 PM EDT2014-08-20 02:03:06 GMT
    WESTLAKE, Ohio (AP) - A 22-year-old man suspected of stabbing his parents at their suburban Cleveland home has been charged with felonious assault. Westlake police said in a statement Tuesday that a 58-year-old man was flown to a Cleveland hospital with life-threatening injuries, and his 56-year-old wife was in stable condition. Police say authorities learned about the stabbings after a hang-up 911 call Monday night and a subsequent callback by a dispatcher. The couple's son was arrested wit...More >>
    WESTLAKE, Ohio (AP) - A 22-year-old man suspected of stabbing his parents at their suburban Cleveland home has been charged with felonious assault. Westlake police said in a statement Tuesday that a 58-year-old man was flown to a Cleveland hospital with life-threatening injuries, and his 56-year-old wife was in stable condition. Police say authorities learned about the stabbings after a hang-up 911 call Monday night and a subsequent callback by a dispatcher. The couple's son was arrested wit...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms